Franchises | European Wax Center (2024)

PLANO, Texas, April 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, is proud to be Certified™ by Great Place To Work® for the second year in a row. The prestigious award is based on the sentiment of current associates and their experience working at European Wax Center.

European Wax Center (PRNewsfoto/European Wax Center)

Great Place to Work is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation. This year, 92% of European Wax Center corporate associates said it's a great place to work – 35% points higher than the average U.S. company. 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 – European Wax Center continues to provide a 360-degree guest and associate experience.

"One of the key reasons why European Wax Center continues to lead in the franchisor and out-of-home waxing category year after year is because of our highly talented and motivated associates," said David Willis, Chief Executive Officer of European Wax Center. "As we celebrate the company's 20th anniversary this year, we're proud to look back on the culture we've built that prioritizes and celebrates our associates. We are honored that those efforts have been recognized by Great Place To Work® for the second year in a row."

European Wax Center's total rewards package allows associates to maximize their potential every day. The company also prioritizes mentorship in the workplace and encourages all associates to have open conversations about career aspirations and goals.

In addition to core offerings, like healthcare benefits, paid parental leave and paid holidays, European Wax Center cultivates an environment where everyone is welcomed, valued, and included through complementary programming such as:

The Diversity, Equity, and Inclusion (DE&I) Council: Committed to fostering a diverse, equitable, and inclusive environment that values and embraces the different ethnicities, races, cultures, ages, abilities, gender identities, and systems of belief that comprise the European Wax Center workforce. Grounded in the company's values, the council's goal helps ensure EWC creates awareness, community, and safe spaces for all associates. The council is led by the Director of Diversity, Equity and Inclusion (DEI), whose role is to bring DEI efforts to life and weave DEI strategies into the overarching business strategy.

The Fun Committee: A group of cross-functional associates that plans different events and activities throughout the year via weekly corporate forums, virtual happy hours, and quarterly Town Halls to give associates an opportunity to connect beyond their day-to-day tasks.

To support a healthy work/life balance, European Wax Center promotes a remote-first workplace and offers Flexible Fridays, a Wellness/Mental Health and Volunteer Paid Day Off and a monthly remote stipend. Individual Development Plans (IDPs) are in place to further motivate associates, in addition to a monetary learning and development stipend. To learn more about European Wax Center's careers & workplace, please visit: https://waxcenter.com.

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 23 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 $955 million in fiscal 2023. For more information, including how to receive your first wax free, please visit: https://waxcenter.com.

About Great Place to Work Certification™

Great Place To Work® Certification™ is the most definitive "employer-of-choice" recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place To Work-Certified.

About Great Place To Work®

As the global authority on workplace culture, Great Place To Work® brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified™ or receiving recognition on a coveted Best Workplaces™ List.

Learn more at greatplacetowork.com and follow Great Place To Work on LinkedIn, Twitter, Facebook and Instagram.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/european-wax-center-earns-2024-great-place-to-work-certification-for-a-consecutive-year-302122300.html

SOURCE European Wax Center

Carolanne Coviello, Creative Media Marketing, carolanne@cmmpr.com, 212.979.8884 ext 209

Franchises | European Wax Center (2024)

FAQs

Is the European Wax Center a good investment? ›

Good news, investors! European Wax Center is still a bargain right now. According to our valuation, the intrinsic value for the stock is $13.98, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low.

When did European Wax Center start franchising? ›

European Wax Center was founded in 2004 and started franchising in 2006. Over the years, the brand has continued to demonstrate outstanding performance in areas including unit growth, financial strength and stability, and brand power.

What POS system does European Wax Center use? ›

December 10th, 2019 Bellevue, WA and Dallas, TX - Zenoti Software, the leading cloud-based platform for the spa, salon, and med spa industry, today announced it has been selected by European Wax Center as its new point of sale (POS) provider for its franchise network.

Who is the CEO of the European Wax Center? ›

David L. Willis has served as our Chief Executive Officer and a member of our board of directors since September 2023. Mr.

Is waxing a lucrative business? ›

Waxing and Tanning market overview

As per IBIS, the waxing and tanning market in the U.S. represented revenue of $4.69 billion in 2023 and is expected to grow to $5.44 billion by 2028. Waxing service represents the largest share ($2.69 billion) followed by tanning service ($2 billion).

Is European Wax Center a good franchise to own? ›

EUROPEAN WAX CENTER RANKED AMONG THE TOP FRANCHISES IN ENTREPRENEUR'S HIGHLY COMPETITIVE FRANCHISE 500® 2024.

How much does it cost to open an EWC? ›

European Wax Center Franchise Costs $397K – $555K (2024 Fees & Profits) European Wax Center, founded in 2004, has established itself as a leader in the beauty and waxing service industry.

What is the lawsuit against the European Wax Center? ›

Case Complaint Summary

and Wax Center Partners Holdco, LLC alleges various violations of California labor laws. The defendants are accused of failing to pay minimum and overtime wages, provide meal and rest periods, timely pay final wages, maintain accurate records, and engage in unfair business practices.

Who are European Wax competitors? ›

Similar companies to European Wax Center
  • Regis Corporation. 5.7K $100M$1B.
  • Deka Lash. 257 $10M$50M.
  • Waxing The City. 592 $10M$50M.
  • DREAMDRY. 37 $10M$50M.

How much do you tip at European Wax Center? ›

How Much Should You Tip Your Waxing Expert? “Like any other service environment, gratuity is at the discretion of our guests, but 20% is standard and a good starting point,” says Helene Marie, waxing expert at European Wax Center.

Do you tip your waxer? ›

For a quick brow wax (that may be priced at $10 or less), a couple of dollars for tip is fair and appropriate. But consider that services like a Brazilian wax, that take extra skill and care, may be worth a more generous tip if you're happy with the technician's work.

What makes European Wax Center different? ›

European Wax Center products are crafted by experts and created with waxed skin in mind. Our products are designed to work together to help keep skin smooth and to extend your waxing results. Our private waxing suites are sanitized after each guest, providing a comfortable, discreet space for your service.

How many locations does the European Wax Center have? ›

With more than 1,000 locations nationwide, we offer a full suite of waxing services for every body.

How many states is European Wax Center in? ›

Its network, which now includes more than 1,000 centers in 45 states, generated sales of nearly $900 million in fiscal 2022.

What wax is used in European Wax Center? ›

Our Unique Comfort Wax®

In addition to beeswax, our Comfort Wax® is formulated with skin-soothing ingredients. Additionally, Comfort Wax® is an alcohol-free, hard wax that doesn't adhere to the skin. It applies at a warm temperature, removes easily, without using strips, and is gentle on all hair and skin types.

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