Franchise Failure Rates

SBA 7(a) loan outcomes · FY2010–FY2019 cohort · Statuses as of June 30, 2026 · Last updated August 17, 2026

European Wax Center Franchise Failure Rate: 2.8% SBA Loan Defaults (2010–2019 Federal Data)

2.8%
charge-off rate on 246 SBA 7(a) loans to European Wax Center franchisees, FY2010–2019
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019 — European Wax Center against its industry and all franchises
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019: European Wax Center 2.8%; Other Personal Care Services 10.0%; All franchises 10.2%European Wax Center 2.8%; Other Personal Care Services 10.0%; All franchises 10.2%0%2%4%6%8%10%European Wax Center2.8%Other Personal CareServices10.0%All franchises10.2%
Charge-off rate, SBA 7(a) loans approved FY2010–FY2019: European Wax Center 2.8%; Other Personal Care Services 10.0%; All franchises 10.2%European Wax Center 2.8%; Other Personal Care Services 10.0%; All franchises 10.2%0%2%4%6%8%10%European Wax Center2.8%Other Personal Care Services10.0%All franchises10.2%

Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026. Figures also in the comparison table below.

About 1 in 36 European Wax Center SBA borrowers failed to repay — well below the Other Personal Care Services average of 10.0%.

Between 2010 and 2019, 246 European Wax Center franchisees financed with SBA 7(a) loans. 7 defaulted — a 2.8% charge-off rate, 0.3x the Other Personal Care Services average of 10.0%. Source: U.S. Small Business Administration FOIA dataset, loan statuses as of June 30, 2026.

What is the European Wax Center franchise failure rate on SBA loans?

European Wax Center is a Other Personal Care Services franchise. This page reports the outcome of every SBA 7(a) loan the U.S. Small Business Administration's public FOIA file attributes to European Wax Center franchisees: 246 loans approved between fiscal 2010 and 2019, of which 7 were charged off. Loan statuses are as of June 30, 2026, and the cohort has matured, so these are settled outcomes rather than projections.

How does European Wax Center compare with other Other Personal Care Services franchises?

The table sets European Wax Center's charge-off rate beside its Other Personal Care Services peers and the two economy-wide benchmarks. All figures use the same cohort — SBA 7(a) loans approved FY2010–FY2019, statuses as of June 30, 2026 — and the same denominator of resolved loans, so they are directly comparable.

European Wax Center versus benchmarks, SBA 7(a) loans approved FY2010–FY2019, statuses as of June 30, 2026. Source: U.S. SBA FOIA dataset.
MeasureEuropean Wax CenterOther Personal Care ServicesAll franchisesAll SBA borrowers
Default (charge-off) rate2.8%10.0%10.2%8.0%
Loans in sample246———
Defaults7———
Average loan size$379,073———

What has European Wax Center SBA lending looked like since 2020?

Since 2020, European Wax Center franchisees have taken 52 new SBA 7(a) loans. None have charged off to date, though most remain outstanding and unresolved.

Charge-off rate by approval year — share of each fiscal year's European Wax Center SBA 7(a) loans that later defaulted (FY2010–FY2019); years with fewer than 10 loans are outlined, not filled
Charge-off rate by approval year: FY2013 0% of 1 loans; FY2014 3% of 38 loans; FY2015 1% of 72 loans; FY2016 2% of 50 loans; FY2017 5% of 37 loans; FY2018 3% of 30 loans; FY2019 6% of 18 loansCharge-off rate by approval year: FY2013 0% of 1 loans; FY2014 3% of 38 loans; FY2015 1% of 72 loans; FY2016 2% of 50 loans; FY2017 5% of 37 loans; FY2018 3% of 30 loans; FY2019 6% of 18 loans0%5%10%0%2013n=13%2014n=381%2015n=722%2016n=505%2017n=373%2018n=306%2019n=18
Charge-off rate by approval year: FY2013 0% of 1 loans; FY2014 3% of 38 loans; FY2015 1% of 72 loans; FY2016 2% of 50 loans; FY2017 5% of 37 loans; FY2018 3% of 30 loans; FY2019 6% of 18 loansCharge-off rate by approval year: FY2013 0% of 1 loans; FY2014 3% of 38 loans; FY2015 1% of 72 loans; FY2016 2% of 50 loans; FY2017 5% of 37 loans; FY2018 3% of 30 loans; FY2019 6% of 18 loans0%5%10%0%’13n=13%’14n=381%’15n=722%’16n=505%’17n=373%’18n=306%’19n=18

Loans approved since 2020, by fiscal year — counts only: 0 have charged off to date and most are still outstanding, so no rate is drawn.

Loans approved since 2020: FY2020 17; FY2021 17; FY2022 10; FY2023 1; FY2024 3; FY2025 2; FY2026 2Loans approved since 2020: FY2020 17; FY2021 17; FY2022 10; FY2023 1; FY2024 3; FY2025 2; FY2026 217202017202110202212023320242202522026
Loans approved since 2020: FY2020 17; FY2021 17; FY2022 10; FY2023 1; FY2024 3; FY2025 2; FY2026 2Loans approved since 2020: FY2020 17; FY2021 17; FY2022 10; FY2023 1; FY2024 3; FY2025 2; FY2026 217’2017’2110’221’233’242’252’26

Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026.

Show the numbers behind this chart
Fiscal yearLoansCharged offRate
FY2013100.0%
FY20143812.6%
FY20157211.4%
FY20165012.0%
FY20173725.4%
FY20183013.3%
FY20191815.6%
FY202017—outstanding
FY202117—outstanding
FY202210—outstanding
FY20231—outstanding
FY20243—outstanding
FY20252—outstanding
FY20262—outstanding

How to read this

A charge-off means a franchisee borrowed, operated, and failed severely enough that the SBA wrote off the government-guaranteed loan. Unlike franchisor marketing or Item 19 disclosures, this is an observed outcome recorded by a federal agency. One caveat cuts the other way: SBA borrowers are typically less capitalized than all-cash buyers, so these rates can overstate risk for well-funded operators.

How reliable is this number?

European Wax Center's figure rests on 246 resolved SBA 7(a) loans approved between fiscal 2010 and 2019 — a matured cohort, so the rate is a settled outcome, not a projection. With 246 resolved loans, the sample is large enough that a single default barely moves the figure. Loans approved since 2020 are excluded from the rate because most are still outstanding; they appear on this page as counts only. Every European Wax Center figure is recomputed from the public SBA FOIA file on each rebuild.

Frequently asked

What is European Wax Center's franchise failure rate on SBA loans?
Between 2010 and 2019, 246 European Wax Center franchisees financed with SBA 7(a) loans. 7 defaulted — a 2.8% charge-off rate, 0.3x the Other Personal Care Services average of 10.0%. Source: U.S. Small Business Administration FOIA dataset, loan statuses as of June 30, 2026.
Is European Wax Center a safe franchise investment?
Between 2010–2019, European Wax Center franchisees defaulted on SBA loans at 2.8% versus a 10.0% industry average. This data is one input for due diligence; it is not investment advice.

Cite this page

Franchise Default Rates (2026). European Wax Center franchise SBA 7(a) default rate, FY2010–FY2019 cohort: 2.8% (7 of 246 loans charged off). Derived from U.S. SBA FOIA data, loan statuses as of June 30, 2026.

https://franchisefailurerates.com/franchise/european-wax-center/ · Data & methodology · Download the dataset (CSV)