Drybar & Amazing Lash Studio Ranked on Entrepreneur’s Franchise 500

January 19, 2024

DENVER, Colo. (Jan. 18, 2024) – The Drybar® and Amazing Lash Studio® brands are again ranked on Entrepreneur magazine’s prestigious 45th annual Franchise 500.

The Drybar and Amazing Lash Studio brands are in  WellBiz Brands Inc.’s portfolio of premier beauty and wellness franchise brands. WellBiz Brands’ portfolio, with nearly 1,000 franchise locations and more than 300 in development, also includes the Elements Massage®, Radiant Waxing® and Fitness Together® brands.

“We are thrilled that Entrepreneur has again recognized the outstanding success of the Drybar and Amazing Lash Studio brands, ranking them among the nation’s best franchises,” said Jeremy Morgan, CEO of WellBiz Brands. “WellBiz Brands’ portfolio of brands provides life-changing opportunities for franchisees. Whether they are first-time business owners or experienced entrepreneurs, WellBiz Brands supports franchisees as they follow their dreams and build thriving businesses.”

On the 2024 Franchise 500, the Drybar brand is ranked No. 260 and the Amazing Lash Studio brand is ranked No. 500.

2023 was a stellar year for WellBiz Brands, as the company ended the year with 30% growth. Last year, WellBiz Brands reported nearly $600 million in systemwide sales, awarded nearly 135 franchise licenses and opened locations in 17 new markets across the United States. The brand also inked a multi-unit deal in Saudi Arabia, with additional international master franchise agreements to be finalized.

The year builds on a remarkable trajectory of growth for WellBiz Brands. In 2021 and 2022, the WellBiz Brands portfolio reported consecutive record-breaking years for systemwide sales and the number of franchise agreements signed. Between 2019 and 2022, WellBiz Brands reported a whopping 82% growth, earning the company a spot on the coveted Inc. 5000 in August 2023.

The Franchise 500 ranking, a highly competitive and prestigious honor in the franchising industry, is recognized as an invaluable tool for potential franchisees. Key factors considered in the ranking are costs and fees, size and growth, support, brand strength, financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order. Details on the Franchise 500 are available at entrepreneur.com/franchise500; the ranking is featured in the January/February issue of Entrepreneur, available on newsstands.

With a portfolio of beauty and wellness brands, the WellBiz Brands portfolio offers business ownership opportunities to experienced and prospective entrepreneurs that fit their passions and goals. For more information, please visit: WellBizBrands.com.  

About WellBiz Brands Inc.:

WellBiz Brands Inc. is the pre-eminent beauty and wellness franchise platform catering to the needs of the affluent female consumer. The WellBiz Brands' portfolio features category leaders including Drybar®, Amazing Lash Studio®, Radiant Waxing®, Elements Massage® and Fitness Together®. The company’s cross-brand digital marketing program drives effective member acquisition strategies, creating a world-class membership ecosystem. WellBizONE™ system, a proprietary technology platform, enhances studio operations for franchisees, fueling member engagement and retention. With expertise in supply chain management, e-commerce and product innovation, WellBiz Brands provides franchisees with a leading edge. The company has received national recognition on lists such as the Inc. 5000 Fastest Growing Companies, Entrepreneur's Franchise 500 and Franchise Times Fast & Serious, among others. For more information, visit WellBizBrands.com.