FOR iIMMEDIATE RELEASE
DENVER, Col. (March 14, 2023) – Demand for self-care companies from WellBiz Brands, Inc., the main magnificence and wellness franchise platform, is anticipated to keep up momentum because the trade continues to see hovering client demand in 2023 and past.
“This year, WellBiz Brands will deliver significant growth,” mentioned CEO Jeremy Morgan. “We have strategically positioned ourselves to capitalize on that growth with our portfolio of brands and industry trends. After the pandemic, we saw members return and demand for services increase. Consumers want to pamper themselves with experiences focused on their beauty and well-being. Since then, demand has not slowed down and is expected to continue.”
In 2020, WellBiz Brands had a traditional first quarter earlier than the pandemic pressured a full shutdown within the second quarter. However, a gradual restoration had begun within the third quarter. The following 12 months instructed a really completely different story. WellBiz Brands closed 2021 with almost $500 million in system-wide gross sales and two new manufacturers – Drybar and LunchboxWax® now generally known as Radiant Waxing™ – in its portfolio. And in 2022, the corporate recorded almost $600 million in system-wide gross sales.
All 5 franchise manufacturers within the WellBiz Brands portfolio – Awesome Lash Studio®, Drybar®, Radiant waxing, Elements Massage® And Together Fitness® – be a part of the identical thriving trade and goal the identical prosperous feminine client.
WellBiz Brands’ fast restoration mirrored what was taking place within the magnificence and private care trade at massive.
After the early closure of the pandemic, the self-care trade bounced again to life. Those who have been caught at residence and could not get out at the moment are making self-care a precedence of their lives and it does not appear to be altering.
Brandie Chapman wasn’t certain what to anticipate when she opened her first franchise in 2020, however was promptly shut down when the pandemic hit her hometown of Coeur d’Alene, Idaho.
Business has boomed regardless of the shutdown, and Chapman is only one of a WellBiz Brands portfolio model’s franchisees to proceed to profit from the surge. Most lately, Chapman opened a Drybar retailer in August 2022. This 12 months she hopes to open her first Amazing Lash Studio location as her third model below the WellBiz Brands portfolio and add one other location every year till she is six years outdated .
While monetary markets are nonetheless unsure at first of 2023, Chapman’s expertise shouldn’t be distinctive. According to analysts and market stories, the self-care franchise mannequin is booming and value investing in.
Last 12 months, the wonder and private care market was valued at roughly $187 billion and is anticipated to develop at a compound annual progress price (CAGR) of roughly 3% by means of 2027, in response to a Statista® market evaluation report. The largest phase of the market, private care, is estimated to be value about $40 billion by 2022.
“The beauty and personal care market is thriving and is one of the fastest growing consumer markets,” mentioned Statista analysts. “The main reason for this strong growth is the generation change with young consumers entering the market. At the same time, this change is reinforced by social media, internationality and e-commerce, which have a lasting effect on the purchasing behavior of beauty products. Trends from all over the world are spreading and changing the daily beauty and grooming routine.”
About WellBiz Brands, Inc.:
WellBiz Brands Inc. is the premier magnificence and wellness franchise platform serving the wants of the prosperous feminine client. WellBiz Brands portfolio contains class leaders together with Drybar®, Awesome Lash Studio®, Radiant Waxing™, Elements Massage® And Together Fitness®. With an experience in digital advertising, the corporate developed a cross-brand digital advertising program that drives efficient membership acquisition methods and creates a world-class membership ecosystem. WellBiz One, a proprietary expertise platform, enhances studio operations for franchise house owners and drives member engagement and retention. With in-house experience in provide chain administration, e-commerce and product innovation, WellBiz Brands offers its franchisees an edge of their trade. Backed by a administration group with almost a century of mixed management expertise, WellBiz Brands is the way forward for customer-centric, membership-based manufacturers. The firm has obtained nationwide recognition on lists such because the Inc. 5000 Fastest Growing Companies, Entrepreneur’s Franchise 500 and Franchise Times Fast & Serious. For extra data go to WellBizBrands.com.
Media contact:
Jeremy Marready
jmaready@curiousjane.com
863.559.7363
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