SBA 7(a)/504 FOIA · FY1991–PRESENT · TEXAS
European Wax Center franchise in Texas: what the public record shows
Franchisees of European Wax Center in Texas have taken 58 SBA loans in the FY1991–present FOIA files (average $399,588). Those approved through FY2020 defaulted less often than franchise loans made in the same years nationally: 0 charge-offs among 50 resolved loans, where about 5.1 would be expected (0×). European Wax Center's national ratio is 0.2×.
Loans in TX
58
Charged off (all years)
0 of 50
Loss ratio in TX
0×
Loss ratio nationally
0.2×
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = TX. Loss ratio = charge-offs among loans approved through FY2020 ÷ the charge-offs expected if each had defaulted at the national rate for franchise loans approved the same year; 1.0× is the same. Only charged-off and paid-in-full loans count. A ratio is shown at 30+ such loans; “not clear” marks a ratio chance alone could produce. The all-years count mixes every era and is evidence, not a rate to compare. Borrowers are matched to the brand by name and SBA franchise code; some matches may be wrong or missing.
Businesses in this industry
6,224
statewide, all operators
Per 100k residents
19.9
national 26.6
Versus the country
-25%
thinner
Every business in European Wax Center's industry operating in Texas — franchised and independent — from the Census Bureau's County Business Patterns (2023), against 2024 population estimates. Counter-intuitively, density is not a warning: across the brand-state cells in the loan data, denser markets have historically charged off less often than the thinnest (see the research page). A crowded market is usually proven demand; an empty one is often empty for a reason.
Avg weekly wage, this industry
$743
Texas, BLS QCEW 2025
National average
$698
same industry, all states
Versus the country
+6%
costlier to staff
What European Wax Center's industry actually pays workers in Texas, from the Bureau of Labor Statistics' Quarterly Census of Employment and Wages (2025), employment-weighted across counties. This cost signal is independent of the FDD: a market can look demand-rich above and still carry a margin headwind here if local wages run hot for the sector.
| System | Loans in TX | Charged off (all years) | Loss ratio in TX | Units in TX |
|---|---|---|---|---|
| Sport Clips | 154 | 3 of 136 | 0.1× | 204 |
| GREAT CLIPS | 97 | 9 of 84 | 0.7×NOT CLEAR | — |
| Mary Kay Cosmetics | 69 | 24 of 56 | 2.9× | — |
| Fantastic Sams | 65 | 9 of 57 | 0.8×NOT CLEAR | — |
| Amazing Lash Studio | 53 | 2 of 32 | 0.6×NOT CLEAR | 81 |
| SUPERCUTS | 45 | 2 of 34 | 0.5×NOT CLEAR | 196 |
| Planet Beach | 42 | 15 of 35 | 2.0× | — |
| MERLE NORMAN COSMETICS | 35 | 8 of 32 | 1.2×NOT CLEAR | 108 |
| The Lash Lounge | 22 | 1 of 7 | — | — |
| Deka Lash | 21 | 4 of 11 | — | — |
| GLO Tanning | 20 | 0 of 5 | — | 25 |
| WAXING THE CITY | 16 | 1 of 7 | — | — |
Other systems in European Wax Center's sector whose franchisees borrowed in Texas. A loss ratio appears only where at least 30 loans approved through FY2020 have resolved; “—” means too few.
A broker is usually paid by the franchisor to place you. I'm paid only by you, never by a franchisor you're considering — and the job is pressure-testing European Wax Center’s numbers, including talking you out of a bad deal.