We know this is a huge investment so we’ve broken down our franchise costs here. Once we determine that you're the perfect partner to own a WAXON, we can discuss the financial costs associated with fun stuff like construction, site selection, product stocking and staffing! In the meantime, this should give you a general idea of the initial upfront investment.
|Total Upfront Investment||
$250k - $450k
Of course spa experience is always great, but not required. If you have experience running a business or team that includes working with employees and customers, that's most valuable. However, we're with you throughout the process and provide you with an extensive training program, manuals and ongoing support to you and your team.
WAXON does not provide financing options at this time. Have no fear—here are other financing opportunities!
We recommend the Canadian Small Business Financing Loan (CSBF). This loan can be used for 90% of the eligible costs related to leasehold improvements and equipment.
To learn more click here:
The initial franchising fee is $32,000, payable upon signing your franchise agreement. The royalty fee is 6% of gross sales (net sales + comps and discounts).
The corporate advertising fees are 1.5% of gross sales. This fee is put towards our National Marketing Plan which includes maintaining our Digital Presence, Social Media, Public Relations and Promotional Campaigns. Our Franchise Partners are also required to spend 1.5% of gross sales on local advertising to amplify awareness in their local markets.
Average square footage of our locations are between 700 -1500 square feet.
Once you sign your Franchise Agreement, you can have your doors open in as little as 6-9 months!
Want to be part of the hottest bar in town?
WAXON is franchising!