|
Amazing Lash Studio Franchise ProfileHealth & Beauty Franchises > Cosmetic Services |
What Are the Initial Investment Requirements for an Amazing Lash Studio Franchise?
To open an Amazing Lash Studio franchise, you will need to prepare for an initial investment that ranges from $436,334 to $707,674. This includes a franchise fee of $50,000. Aspiring franchisees should also ensure they have a net worth between $350,000 and $500,000. It's crucial to have adequate cash reserves to cover these costs and any operational expenses that may arise during the startup phase.
What Are the Ongoing Fees Associated with an Amazing Lash Studio Franchise?
Franchisees of Amazing Lash Studio are required to pay a royalty fee of 6% on gross sales, along with a marketing fee of 2%. These ongoing fees are essential for maintaining brand standards and contributing to national marketing efforts. Understanding these costs is vital for budgeting and financial planning to ensure the profitability of your franchise unit.
What Can You Expect in Terms of Revenue from an Amazing Lash Studio Franchise?
The average annual revenue per unit for an Amazing Lash Studio franchise is approximately $217,556, with a median revenue of $1,303,016. The revenue can vary significantly, with the lowest reported annual revenue at $197,000 and the highest at $1,128,000. This range highlights the potential for profitability, but it also underscores the importance of location, management, and marketing strategies in achieving financial success.
How Quickly Can You Expect to Break Even with an Amazing Lash Studio Franchise?
Franchisees can anticipate a breakeven time of around 12 months, with an investment payback period of approximately 8 months. These metrics are encouraging for new franchisees, as they indicate a relatively quick return on investment. However, achieving these timelines will depend on effective operational management and adherence to the brand's standards.
Amazing Lash Studio Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
The minimum total assets (minus liabilities) you must possess.
Net Worth Required:
The estimated period to recoup your total investment.
Investment Payback:
The initial fee paid to join the franchise system.
Franchise Fee:
Ongoing percentage of revenue paid to the franchisor.
Royalty Fee:
Regular contribution toward the franchise’s advertising fund.
Marketing Fee:
The estimated timeframe to recover your initial costs.
Breakeven Time:
The total amount required to launch the franchise.
Initial Investment:
The minimum liquid capital you must have on hand.
Cash Required:
The typical yearly revenue generated per franchise location.
Average Revenue:
The middle value of yearly revenue among franchise locations.
Median Revenue:
The largest reported annual revenue among franchisees.
Highest Revenue:
The smallest reported annual revenue among franchisees.
Lowest Revenue:
A broad sector defining similar types of franchise businesses.
Industry:
A more specific division within the broader industry.
Category:
The key individuals guiding the franchise’s strategy and growth.
Leadership:
The official business address of the franchisor’s headquarters.
Corporate Address:
Available financing options to help start the franchise.
Funding Year:
The main organization that owns the franchise brand.
Parent Company:
Amazing Lash Studio Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2021 | 2022 | 2023 |
|---|---|---|---|
| Total Units | 258 | 266 | 262 |
| Net Change YoY | 8 | -4 | |
| Franchised Units | 258 | 266 | 262 |
| Net Change YoY | 8 | -4 | |
| Corporate Units | 0 | 0 | 0 |
| Net Change YoY | 0 | 0 |
Investment Overview
Amazing Lash Studio offers a compelling franchise opportunity with an initial investment ranging from $436,334 to $707,674. The franchise fee is set at $50,000, while ongoing royalty fees are 6% of gross sales, accompanied by a 2% marketing fee. Prospective franchisees should have a net worth between $350,000 and $500,000 to qualify for ownership.
Revenue Potential
The average annual revenue per unit for Amazing Lash Studio is approximately $217,556, with a median annual revenue of $1,303,016. Franchisees can expect a range of annual revenues, with the lowest reported at $197,000 and the highest at $1,128,000. This indicates a strong potential for profitability within the franchise model.
Breakeven and Payback Period
Franchisees can anticipate a breakeven time of about 12 months, which is relatively quick in the franchise industry. Furthermore, the investment payback period is estimated at just 8 months, providing an attractive return on investment for new owners.
Franchise Growth
Amazing Lash Studio has shown consistent growth in its franchised units, totaling 258 in 2021, 266 in 2022, and 262 in 2023. This steady increase in franchise locations reflects a robust demand for the brand and its services, making it an appealing choice for investors.
Operational Expenses
The average running expenses for Amazing Lash Studio include significant allocations for payroll, advertising, and general administrative costs. Total annual expenses amount to approximately $39,888,143, emphasizing the importance of effective cost management for franchisees to maximize profitability.
Brand Overview
Amazing Lash Studio specializes in eyelash extension services, offering a unique beauty experience that has captured a dedicated customer base. With a focus on quality and customer satisfaction, the brand's mission is to empower individuals through beauty while providing franchisees with a proven business model and strong support system.
Frequently Asked Questions
The initial investment for an Amazing Lash Studio franchise ranges from $436,334 to $707,674. This includes the initial franchise fee, equipment, build-out costs, and other necessary expenses.