Personal Services (Wellness, Fitness & Salons)Primary-Source Verified

Strip: Ministry of Waxing

Deployment Model: Specialty Waxing & Brazilian Grooming Salon Franchise (Spa Esprit Group)

Min Capital RequiredS$200,000
Brand OriginSingapore (Founded 2002 by Cynthia Chua; Spa Esprit Group)
Founded2002
Singapore Footprint15+
Global Network45+

Financial Parameters

Initial Franchise FeeS$40,000
Ongoing Royalty Fee5% of Gross Monthly Sales
Investment Class TierMid-Tier

Performance & ROI Projections

Projected Breakeven2 – 4 Months
Projected Payback Period16 – 22 Months
Estimated Return Matrix (ROI)24% – 32% ROI

Business Model & Operational Overview

Strip: Ministry of Waxing is the global authority on specialized hair removal, having waxed over 4 million customers worldwide. Features custom Berry and Chocolate waxes, sealed hygiene packs, and salons across London, New York, Shanghai, and Singapore.
Institutional Source Verification & Compliance Notes

Primary Authority: https://www.strip.com.sg / Spa Esprit Group / EnterpriseSG

Auditor Context: High gross margin personal grooming business with sealed single-use hygiene kits and proprietary skincare lines.

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Vetted Investor Diagnostics & FAQ Analysis

What is the initial franchise fee and capital requirement for Strip: Ministry of Waxing Singapore?

The minimum capital required for the Strip: Ministry of Waxing franchise in Singapore is estimated at S$200,000, with an initial upfront franchise fee set at S$40,000. This capital structure covers baseline store fit-out, operational equipment, licenses, and initial inventory allocations required before opening standard operations.

What are the ongoing royalties and projected breakeven timelines for Strip: Ministry of Waxing?

The ongoing royalty model for Strip: Ministry of Waxing requires 5% of Gross Monthly Sales. Under standard operating performance parameters, the projected operational baseline breakeven timeframe is targeted at approximately 2 – 4 Months, contingent on location footfall and labor efficiencies.

What is the projected payback period and return on investment (ROI) for this listing?

The estimated capital investment payback period for this franchise asset is projected within 16 – 22 Months, delivering an anticipated operational return matrix range of 24% – 32% ROI. Prospective franchisees should evaluate unit economics and lease terms during formal due diligence.