Amazing Lash Studio Franchise Costs $436K – $708K (+ 2024 Profits)
Amazing Lash Studio, a prominent franchise in the beauty industry, specializes in semi-permanent eyelash extensions. Founded in 2010 and headquartered in Scottsdale, Arizona, the brand has rapidly expanded its footprint. Amazing Lash Studio offers a unique salon experience with a contemporary studio environment featuring private suites, enhancing the personalized service aspect of the beauty treatments offered.
The franchise differentiates itself by providing a specialized service in the burgeoning beauty market, which has become a mainstream part of beauty regimens for women globally.
Amazing Lash Studio has developed a patented application process and offers four unique eyelash styles—Natural, Cute, Sexy, and Gorgeous—catering to various customer preferences and eye shapes. This specialization, combined with a membership model, allows for consistent high recurring revenue for its franchisees.
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Initial investment
Here’s what you can expect to spend to start a Amazing Lash Studio franchise.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $50,000 |
| Real Property, Utility, Security, and Other Deposits | $2,900 – $18,650 |
| Leasehold Improvements (net of landlord tenant allowances) | $181,000 – $350,000 |
| Cabinetry, Millwork, Furniture and Décor | $24,000 – $33,500 |
| Initial Opening Package | $45,000 – $49,500 |
| Initial Software Set-Up and Technology Fees | $1,974 |
| Computer System and Other A/V Technology | $25,000 – $31,000 |
| Training Program and Other Training Expenses | $6,350 – $7,750 |
| Architect, Engineer, Drawings | $12,500 – $15,000 |
| Grand Opening Spend Requirement | $20,000 |
| Signage and Graphics | $4,800 – $9,400 |
| Office and Business Supplies | $3,630 – $5,500 |
| Business Licenses and Permits | $1,000 – $12,570 |
| Insurance (Initial 20% Payment) | $1,100 – $1,300 |
| Professional Fees | $1,980 – $13,530 |
| Additional Funds (three months) | $55,000 – $88,000 |
| Total Estimated Initial Investment | $436,000 – $708,000 |
Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.
Franchise fees & Royalties
Here are the main ongoing fees the franchisor will ask you to pay going forward to run the franchise.
Initial Franchise Fee
The initial franchise fee is $50,000, payable as a lump sum by wire transfer upon signing the agreement.
Royalty Fee
The royalty fee is 6% of the studio’s gross receipts, collected twice per month.
Marketing/Advertising Fee
The brand marketing fund requires a contribution of 2% of gross receipts, which may increase as determined by the franchisor. Additionally, a local advertising fee of $2,000 per month is also charged, which is subject to increase.
Transfer Fees
The transfer fee is 50% of the then-current initial franchise fee for new franchises. For transfers of a 10% or lesser ownership interest, a fee of $2,500 is charged for administrative costs.
Investing in a franchise?
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Beauty Salon Financial Model Template | Excel Spreadsheet
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Franchise pros and cons
The Pros:
- High recurring income: high demand for eyelash extension services attracts a constant income stream
- Multiple income streams: four major extension styles, including Natural, Sexy, Cute, and Gorgeous, provide multiple income streams. Full sets, highlights, plus mascaras, lash conditioning serums, partial touch-ups and other beauty and skin care services and products also attract income. Apart from the flexible membership model, the brand also accepts walk-in clients.
- Exclusive territory protection: franchisees operate within the designated locations, free from competition against other Amazing Lash Studio beauty franchises.
- High demand: franchisees capitalize on the high demand for eyelash extension applications and other beauty products to establish a lucrative business.
- Wide demographic base: the beauty brand targets women customers of all age groups seeking out the best available lash extension services.
- Marketing support: local marketing, advertising and branding support start with the corporate website. The franchisor also helps business owners attract and retain clients through affordable and flexible membership programs, referral discounts, service packages and promotions.
- Flexible business concept: the brand’s flexible, unique, and state-of-the-art studio spaces can be established anywhere, from high-end retail centers to local boutiques, depending on the franchisor’s advice.
- No experience in the beauty or salon industry is required: franchisees don’t need years of experience in the beauty industry to start and operate an Amazing Lash Studio franchise.
- Financial assistance: the beauty brand partners with third-party financial sources to help franchisees cover the startup costs, franchise fees, equipment and inventory.
The Cons:
- No absentee ownership: the franchisor doesn’t allow absentee ownership.
- Not a home-based opportunity/mobile unit: franchisees must operate within the designated physical locations like warehouses and retail facilities.
- Minimum employee requirement: 10 employees to operate an active franchise.
- Competition from other eyelash extension chains such as Lash Lounge or Deka Lash to name a few
How to open a Amazing Lash Studio franchise
Opening a Amazing Lash Studio franchise involves several steps, designed to ensure you are a good fit for the franchise. Here are the main steps to follow to open a Amazing Lash Studio franchise.
1: Research and Initial Inquiry
- Learn About the Franchise: Research Amazing Lash Studio to understand their business model, brand philosophy, and customer base.
- Contact the Franchisor: Reach out via the franchise inquiry form on their official website to express interest and request more detailed information.
2: Review Franchise Disclosure Document (FDD)
- Obtain and Review FDD: Carefully study the Franchise Disclosure Document provided by Amazing Lash Studio. It contains crucial details about the franchise agreement, fees, and other legal and financial requirements.
- Consult Professionals: It’s advisable to consult with a franchise attorney and a financial advisor to fully understand the terms and commitments involved.
3: Secure Financing
- Assess Financial Requirements: Ensure you meet the financial criteria, which typically includes a minimum net worth and liquid capital. For Amazing Lash Studio, the expected initial investment ranges significantly, so confirm your ability to finance the venture.
- Explore Financing Options: Consider your financing options, which may include personal funds, loans, or third-party financial services. Amazing Lash Studio may offer guidance on financing solutions.
4: Site Selection and Lease Agreement
- Choose a Location: Work with Amazing Lash Studio’s real estate team to select a suitable location that aligns with market research and brand criteria.
- Lease Negotiation: Engage in lease negotiations with the aid of the franchisor, aiming for terms that are favorable and strategic for a beauty service franchise.
5: Training and Studio Set-Up
- Undergo Franchise Training: Participate in the comprehensive training program provided by Amazing Lash Studio, which covers service protocols, customer service, and operational management.
- Studio Design and Setup: Follow the franchisor’s guidelines to design and set up your studio, ensuring compliance with the brand’s aesthetic and operational standards.
Disclaimer
Disclaimer: This content has been made for informational and educational purposes only. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.
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