The 2026 European Wax Center FDD moves the Item 7 estimated initial investment range from $327,600–$836,950 to $331,600–$776,950, and the system contracts from 1,067 to 1,047 outlets (−1.9%) year-over-year. The 2026 filing adds an Item 19 financial performance representation that the 2025 filing did not include.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Low end of range | $327,600 | $331,600 | +$4,000 (+1.2%) |
| High end of range | $836,950 | $776,950 | −$60,000 (−7.2%) |
| Full range | $327,600–$836,950 | $331,600–$776,950 |
The 2026 filing puts the Item 7 estimated initial investment at $331,600–$776,950, against $327,600–$836,950 in the 2025 filing. The low end moves by +$4,000 (+1.2%) and the high end moves by −$60,000 (−7.2%), narrowing the band from $509,350 to $445,350.
2025 filing: Item 5 and Item 7 describe different franchise fee amounts for new vs. existing franchisees; Item 7 total reflects the Franchise Agreement estimated initial investment table. 2026 filing: The total initial investment range and franchise fee are for a single-unit agreement; multi-unit development has separate economic terms not addressed in this report. See Item 7 for a detailed breakdown.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Total outlets (Item 20) | 1,067 | 1,047 | −20 (−1.9%) |
| Franchised outlets | 1,062 | 1,042 | −20 (−1.9%) |
| Company-owned outlets | 5 | 5 | unchanged |
| Openings during the year | 43 | 12 | −31 |
| Closures during the year | 20 | 32 | +12 |
European Wax Center reports 1,047 outlets in the 2026 FDD, against 1,067 in the 2025 filing — a change of −20 (−1.9%).
Outlet counts as each filing states them — 2025: As of January 4, 2025; 2026: As of January 3, 2026 (end of 2025 fiscal year). Outlet counts reflect both franchised and affiliate/company-owned centers opened and operating at year-end. The company-owned count represents all centers operated directly by affiliates. See Item 20, Table 1–4 for methodology, including treatment of reacquisitions, non-renewals, and affiliate conversions.
The 2026 European Wax Center filing adds an Item 19 financial performance representation; the 2025 filing did not include one. It discloses financial performance.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Standard royalty rate | 6% | 6% | unchanged |
The standard royalty rate holds at 6% of Gross Sales across both filings.
2025 filing: FDD notes state franchisor reserves the right to change frequency of collection (including to daily, monthly, or other basis). 2026 filing: Royalty is based on weekly Gross Sales (with specific exclusions defined), and collection frequency may be changed unilaterally by the franchisor.