FRANCHISE·WATCH·DESK

SBA 7(a)/504 FOIA · FY1991–PRESENT · CALIFORNIA

WAXING THE CITY franchise in California: what the public record shows

Franchisees of WAXING THE CITY in California have taken 8 SBA loans since 1991 (average $453,500)— too few resolved loans in-state to publish a local failure rate (we require a resolved cohort, never extrapolate), so the brand's national rate of 17.4% is the better guide.

SBA loan outcomes · Californiavs national

Loans in CA

8

Resolved

1

Local charge-off

thin

National charge-off

17.4%

Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = CA. 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 of 30 loans.

Market density · California vs nationalTypical density

Businesses in this industry

9,298

statewide, all operators

Per 100k residents

23.6

national 26.6

Versus the country

-11%

thinner

Every business in WAXING THE CITY's industry operating in California — 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.

Same-sector systems with SBA loan history in California12 systems
SystemLoans in CALocal charge-offUnits in CA
GREAT CLIPS6514.0%
European Wax Centers-Galleria493.1%
Fantastic Sams4717.9%
Planet Beach3562.5%
SUPERCUTS320.0%318
Amazing Lash Studio2922.7%34
The Lash Lounge15thin
18/8 Fine Men'S Salons130.0%
Hand and Stone Massage and Facial Spa10thin
THE NOW9thin
Elements Therapeutic Massage8thin
Hollywood Tans8thin

Same sector, same state, same public records — how WAXING THE CITY compares to the systems a buyer in California would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.

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