TL;DR
WellBiz Brands franchises have scored a strong showing on the Franchise Times Top 500 ranking, with four brands ranked in the top 500. WellBiz Brands reported nearly $500 million in systemwide sales in 2021 and expanded its portfolio with the acquisition of Drybar and Radiant Waxing.
On this year’s Top 500 ranking, Elements Massage is ranked No. 268, Amazing Lash Studio is No. 276, Drybar is No. 372 and Fitness Together is No. 451. Franchise Times, whose annual ranking is based on the previous year’s performance, noted that the ranked franchises in the personal services sector finished 2021 with $23.5 billion in sales, an increase of 32.6%.
In 2021, WellBiz Brands reported nearly $500 million in systemwide sales and expanded its portfolio with the acquisition of the franchising rights for the Drybar system and the acquisition of the Radiant Waxing brand.
“It’s amazing to see the Drybar, Amazing Lash Studio, Elements Massage and Fitness Together brands on the Franchise Times Top 500. It’s a true reflection of the commitment from our franchise owners and service providers and to the resiliency of these brands,” said Jeremy Morgan, CEO of WellBiz Brands. “From beauty to wellness, we continue to see clients prioritizing their self-care. At WellBiz Brands, we are always focused on the experience and creating those best-in-class moments that leave clients feeling more empowered and confident than when they arrived.”
The Franchise Times Top 500 is an annual ranking of the 500 largest U.S. franchise systems by global systemwide sales. Data is culled from voluntary reports and public filings including companies’ most recent Franchise Disclosure Documents (FDDs). The list published in the October issue of Franchise Times.
In this story
This story was originally published in Franchising.com on October 7, 2022. Burnaze summarizes and links to the original reporting.
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