Radiant Waxing

Item 7 lays out initial investment from $387,788 to $554,947, including the $50,000 franchise fee, with ongoing costs hitting hard: 6% royalty, 2% brand/ad fund, plus $2,000 monthly local advertising and $719 monthly technology fee—unusually high extras versus beauty category norms around 5-7% total. Item 19 shines with average gross revenue of $537,870 and median $552,942 across mature units, suggesting solid top-line if you hit scale in retail or hotel spots. Nine SBA loans average $502,444, but no default rates disclosed, implying decent access though volume is low for 59 locations franchised since 2013.

System health falters with a 9% contraction (65 units in 2023 to 59 in 2024), six terminations, ten transfers, and just two projected new units—red flags in a competitive spa/waxing field. Litigation notes reveal a consolidated franchisee suit over breach tied to acquiring LunchboxWax and brand fund mismanagement, eroding trust post-2013 launch. Transfers outpace growth, hinting resale potential but weak expansion; weigh if $50K+ fees justify revenue medians amid shrinkage, or scout alternatives with Item 19 upside minus the drama.