DENVER, Colo. (Jan. 10, 2023) – WellBiz Brands Inc., the pre-eminent beauty and wellness franchise portfolio with 900 franchised locations globally, announced today that the Amazing Lash Studio®, Drybar®and Radiant Waxing™ brands are ranked on Entrepreneur magazine’s prestigious Franchise 500. Entrepreneur said the 2023 list is one of the magazine’s most competitive rankings in its 44-year history.
“We are thrilled to see the Amazing Lash Studio, Drybar and Radiant Waxing brands ranked among the nation’s best franchises by Entrepreneur magazine,” said Jeremy Morgan, CEO of WellBiz Brands. “At WellBiz Brands, we recognize that our portfolio of brands provides the opportunity to change lives. We help franchise owners follow their dreams and build rewarding businesses, and the franchise owners help clients prioritize self-care and feel more empowered and confident.”
On the 2023 Franchise 500, the Amazing Lash Studio brand is ranked No. 414; the Drybar brand is ranked No. 222; and the Radiant Waxing brand is ranked No. 493. The Elements Massage® and Fitness Together®brands also are part of WellBiz Brands’ portfolio.
2022 was a year of strong growth for WellBiz Brands, highlighted by nearly 150 awarded licenses and a record of nearly $600 million in systemwide sales. In the spring, WellBiz Brands unveiled the Radiant Waxing name, the new name and brand identity for the former LunchboxWaxâ franchise system, and the new branding has been a big hit with consumers, franchisees and prospective franchisees.
The Franchise 500 ranking, a highly competitive and prestigious honor in the franchising industry, is recognized as an invaluable tool for potential franchisees. A total of 1,321 brands applied for this year’s listing. Key factors considered in the ranking are costs and fees, size and growth, support, brand strength, financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order. Details on the Franchise 500 are available at entrepreneur.com/franchise500; the ranking is featured in the January/February issue of Entrepreneur, available on newsstands Jan. 17.
With a portfolio of beauty and wellness brands, WellBiz Brands offers opportunities to experienced and prospective entrepreneurs that fit their passions and goals. For more information, please visit: WellBizBrands.com.
About WellBiz Brands Inc.:
WellBiz Brands Inc. is the pre-eminent beauty and wellness franchise platform catering to the needs of the affluent female consumer. The WellBiz Brands’ portfolio features category leaders including Drybar®,Amazing Lash Studio®, Radiant Waxing™, Elements Massage® and Fitness Together®. The company’s cross-brand digital marketing program drives effective member acquisition strategies, creating a world-class membership ecosystem. WellBiz ONE, a proprietary technology platform, enhances studio operations for franchisees, fueling member engagement and retention. With expertise in supply chain management, e-commerce and product innovation, WellBiz Brands provides franchisees with a leading edge. The company has received national recognition on lists such as the Inc. 5000 Fastest Growing Companies, Entrepreneur’s Franchise 500 and Franchise Times Fast & Serious, among others. For more information, visitWellBizBrands.com.