PLANO,
Texas, Feb. 22, 2024 /PRNewswire/ -- European
Wax Center (NASDAQ: EWCZ), the largest and fastest-growing
franchisor and operator of out-of-home waxing services in
the United States, was recognized
as one of the top 500 franchises in Entrepreneur's
Franchise 500®, the world's first, best, and most comprehensive
franchise ranking. For 45 years, the annual Entrepreneur
Franchise 500® has been a highly sought-after honor in the
franchise industry and recognized as an invaluable resource for
potential franchisees. The 2024 Franchise 500® ranks European
Wax Center as #43 overall and the #1 franchise in the
waxing category for its outstanding performance in unit growth,
financial strength and stability, and brand power. The ranking is
currently available for viewing on Entrepreneur.com.
"Every brand on the Franchise 500 has its own unique story, but
they all collectively make the same statement: Franchising is
strong and resilient, is full of innovation and opportunity, and
provides a powerful entrepreneurial path for many people," says
Jason Feifer, Editor in Chief of Entrepreneur magazine. "Our
45th annual ranking is full of companies with fresh ideas, exciting
business models, cultural sway, and the kind of business
sophistication that will define the next 45 years and beyond."
Renowned for its expertise and delighting guests with the most
comfortable wax experience, European Wax Center locations perform
more than 22 million services annually. In 2023, the brand
delivered another strong year of unit growth with 100 net new
center openings. European Wax Center's Entrepreneur ranking
is a testament to why guests continue to choose European Wax Center
for their personal care needs.
"It's an honor to be recognized and ranked at #43 in the 2024
Franchise 500 and stake our claim as #1 in the waxing category for
the third consecutive year. Our collective goal as a company
remains focused on creating additional value for our franchisees,
shareholders and guests. This recognition is something we pride
ourselves on as it acknowledges the tremendous initiatives we, and
our franchisees, take in providing a best-in-class experience as we
continue to extend our leadership position in the personal care
category," said David Willis,
Chief Executive Officer of European Wax Center.
In Entrepreneur's continuing effort to best understand
and evaluate the ever-changing franchise marketplace, the company's
ranking formula continues to evolve as well. The editorial team
researches and assesses several factors, including costs and fees,
size and growth, support, brand strength, and financial strength
and stability. Each franchise is then given a cumulative score
based on an analysis of more than 150 data points, and the 500
franchises with the highest cumulative scores become the Franchise
500® in ranked order.
Over its 45 years in existence, the Franchise 500® has become
both a dominant competitive measure for franchisors and a primary
research tool for potential franchisees. European Wax
Center's position on the ranking is a testament to its strength
as a franchise opportunity.
To view European Wax Center in the full ranking,
visit www.entrepreneur.com/franchise500 or pick up a copy of the
January/February 2024 issue of
Entrepreneur on newsstands now.
About European Wax Center, Inc.
European Wax Center,
Inc. (NASDAQ: EWCZ) is the largest and fastest-growing franchisor
and operator of out-of-home waxing services in the United States. European Wax Center
locations perform more than 22 million services per year, providing
guests with an unparalleled, professional personal care experience
administered by highly trained wax specialists within the privacy
of clean, individual waxing suites. The Company continues to
revolutionize the waxing industry with its innovative Comfort Wax®
formulated with the highest quality ingredients to make waxing a
more efficient and relatively painless experience, along with its
collection of proprietary products to help enhance and extend
waxing results. By leading with its values – We Care About Each
Other, We Do the Right Thing, We Delight Our Guests, and We Have
Fun While Being Awesome – the Company is proud to be Certified™ by
Great Place to Work®. European Wax Center, Inc. was founded in 2004
and is headquartered in Plano,
Texas. Its network, which now includes more than 1,000
centers in 45 states, generated sales of nearly $900 million in fiscal 2022. For more
information, including how to receive your first wax free, please
visit: https://waxcenter.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/european-wax-center-ranked-among-the-top-franchises-in-entrepreneurs-highly-competitive-franchise-500-2024-302068450.html
SOURCE European Wax Center