SBA 7(a)/504 FOIA · FY1991–PRESENT · NEW YORK
European Wax Centers-Galleria franchise in New York: what the public record shows
Franchisees of European Wax Centers-Galleria in New York have taken 32 SBA loans since 1991 (average $577,006), and of the 27 loans whose story has ended, 3.7% were charged off — versus 2.3% for European Wax Centers-Galleria nationally and 14.8% across all rateable franchise brands.
Loans in NY
32
Resolved
27
Local charge-off
3.7%
National charge-off
2.3%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = NY. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); open loans excluded. A local rate is published only when the resolved cohort clears our floor.
Businesses in this industry
8,098
statewide, all operators
Per 100k residents
40.8
national 26.6
Versus the country
+53%
denser
Every business in European Wax Centers-Galleria's industry operating in New York — franchised and independent — from the Census Bureau's County Business Patterns (2023), against 2024 population estimates. Counter-intuitively, density is not a warning: across 198 brand-state cells in our loan data, the densest quartile charges off at 5.6% versus 18.1% in the thinnest. A crowded market is usually proven demand; an empty one is often empty for a reason.
| System | Loans in NY | Local charge-off | Units in NY |
|---|---|---|---|
| Hollywood Tans | 24 | 43.8% | — |
| GREAT CLIPS | 16 | 0.0% | — |
| Fantastic Sams | 13 | thin | — |
| Hand and Stone Massage and Facial Spa | 11 | thin | — |
| Planet Beach | 8 | thin | — |
| SUPERCUTS | 7 | thin | 90 |
Same sector, same state, same public records — how European Wax Centers-Galleria compares to the systems a buyer in New York would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing European Wax Centers-Galleria's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →