Waxxpot Inks Deal for First Multi-Unit Franchise Agreement
Waxxpot, a full-service men’s and women’s waxing salon that provides hair removal services from head to toe, is now franchising nationwide. The brand signed an 11-unit deal with Waxxhaven LLC for the Cincinnati and northern Kentucky market. The first of 11 salons will open this summer in the Kenwood area of Cincinnati.
Waxxhaven LLC was formed by a seasoned group of restaurant operators that own full-service and quick-service restaurants on the West Coast and throughout the Midwest. The multi-unit deal kicks off Waxxpot’s 2021 plan for nationwide growth, targeting key markets and attracting multi-unit operators to a concept that exists within a $10 billion hair removal waxing industry.
“We are fortunate that Waxxhaven LLC recognizes the expanding beauty market, its unit-level economics and recurring revenue, along with its skilled labor market that has a significantly low turnover,” said Waxxpot CEO Daniel Sadd.
Sadd is no stranger to the beauty industry. In 2003 he founded Salon Lofts, a salon suite rental concept targeting independent beauty entrepreneurs who reap the benefits of owning a salon without the risk of owning a business. Sadd discovered Waxxpot in Short North, Ohio and felt it was a natural extension. He purchased the original location and began growing the brand immediately in Ohio and beyond.
Waxxpot currently operates 11 salons throughout Ohio, Georgia, Colorado, and Texas.