Waxing the City
Source filing: WI · filed 2026-03-31
Item 5 — Initial franchise fee
$42,500 [p.15 · WI · 2026-03-31]
Item 6 — Recurring fees (royalty & advertising)
| Royalty Fee (Note 2) | See FDD [p.18 · WI · 2026-03-31] |
|---|---|
| General Advertising and Marketing Fund Contributions | See FDD [p.18 · WI · 2026-03-31] |
| Local Advertising | See FDD [p.24 · WI · 2026-03-31] |
Full Item 6 schedule (including one-time and conditional fees) is in the FDD itself.
Item 7 — Estimated initial investment (total)
$339,945 [p.27 · WI · 2026-03-31] – $646,195 [p.27 · WI · 2026-03-31]
Base single-franchise offering as stated in the FDD's total row. Multi-unit or area-development formats are not broken out here.
Item 20 — Outlets
| Franchised outlets at start of year | 151 [p.64 · WI · 2026-03-31] |
|---|---|
| Franchised outlets at end of year | 167 [p.64 · WI · 2026-03-31] |
| Net change in franchised outlets | 16 [p.64 · WI · 2026-03-31] |
| Transfers | 9 [p.65 · WI · 2026-03-31] |
| Terminations | 15 [p.69 · WI · 2026-03-31] |
| Non-renewals | 0 [p.69 · WI · 2026-03-31] |
| Ceased operations (other) | Not disclosed |
| Company-owned outlets at end of year | 0 [p.64 · WI · 2026-03-31] |
Item 19 — Financial performance representation
Headline cohort
all franchised outlets FY2025 (138 Studios) · 12 months ended December 31, 2025
| Outlets in sample | Average | Median | High | Low |
|---|---|---|---|---|
| 138 [p.61 · WI · 2026-03-31] | $478,025 [p.61 · WI · 2026-03-31] | $457,222 [p.61 · WI · 2026-03-31] | $1,159,131 [p.61 · WI · 2026-03-31] | $60,168 [p.61 · WI · 2026-03-31] |
All disclosed cohorts (12)
| Cohort | Outlets | Average | Median | High | Low |
|---|---|---|---|---|---|
| all franchised outlets FY2025 (138 Studios) 12 months ended December 31, 2025 |
138 [p.61 · WI · 2026-03-31] | $478,025 [p.61 · WI · 2026-03-31] | $457,222 [p.61 · WI · 2026-03-31] | $1,159,131 [p.61 · WI · 2026-03-31] | $60,168 [p.61 · WI · 2026-03-31] |
| top quartile by gross revenue (34 Studios) 12 months ended December 31, 2025 |
34 [p.61 · WI · 2026-03-31] | $789,207 [p.61 · WI · 2026-03-31] | $769,533 [p.61 · WI · 2026-03-31] | $1,159,131 [p.61 · WI · 2026-03-31] | $614,881 [p.61 · WI · 2026-03-31] |
| second quartile by gross revenue (35 Studios) 12 months ended December 31, 2025 |
35 [p.61 · WI · 2026-03-31] | $537,453 [p.61 · WI · 2026-03-31] | $534,768 [p.61 · WI · 2026-03-31] | $606,128 [p.61 · WI · 2026-03-31] | $459,658 [p.61 · WI · 2026-03-31] |
| third quartile by gross revenue (35 Studios) 12 months ended December 31, 2025 |
35 [p.61 · WI · 2026-03-31] | $381,939 [p.61 · WI · 2026-03-31] | $389,122 [p.61 · WI · 2026-03-31] | $454,787 [p.61 · WI · 2026-03-31] | $285,325 [p.61 · WI · 2026-03-31] |
| bottom quartile by gross revenue (34 Studios) 12 months ended December 31, 2025 |
34 [p.61 · WI · 2026-03-31] | $204,576 [p.61 · WI · 2026-03-31] | $208,752 [p.61 · WI · 2026-03-31] | $276,572 [p.61 · WI · 2026-03-31] | $60,168 [p.61 · WI · 2026-03-31] |
| all franchised outlets FY2025 Club Orange (138 Studios) 12 months ended December 31, 2025 |
138 [p.62 · WI · 2026-03-31] | Not disclosed | Not disclosed | Not disclosed | $94 [p.62 · WI · 2026-03-31] |
| top quartile Club Orange (34 Studios) 12 months ended December 31, 2025 |
34 [p.62 · WI · 2026-03-31] | Not disclosed | Not disclosed | Not disclosed | $99,800 [p.62 · WI · 2026-03-31] |
| second quartile Club Orange (35 Studios) 12 months ended December 31, 2025 |
35 [p.62 · WI · 2026-03-31] | Not disclosed | Not disclosed | Not disclosed | $64,345 [p.62 · WI · 2026-03-31] |
| third quartile Club Orange (35 Studios) 12 months ended December 31, 2025 |
35 [p.62 · WI · 2026-03-31] | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| bottom quartile Club Orange (34 Studios) 12 months ended December 31, 2025 |
34 [p.62 · WI · 2026-03-31] | Not disclosed | Not disclosed | Not disclosed | $11,932 [p.62 · WI · 2026-03-31] |
| all franchised outlets FY2025 Ticket Gross Revenues (138 Studios) 12 months ended December 31, 2025 |
138 [p.62 · WI · 2026-03-31] | $63 [p.62 · WI · 2026-03-31] | $63 [p.62 · WI · 2026-03-31] | $84 [p.62 · WI · 2026-03-31] | $48 [p.62 · WI · 2026-03-31] |
| all franchised outlets FY2025 Retail Gross Revenues (138 Studios) 12 months ended December 31, 2025 excluded: failed consistency checks |
Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
Extraction notes
- One or more Item 19 figures failed source verification and were removed.