Buying a Radiant Waxing franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 5 7(a) loans to buy an existing Radiant Waxing (classified mostly as Beauty Salons), totaling $6.2M. The median loan was $999,000, 55% higher than the $645,250 median for all SBA-financed acquisitions. 1 of these loans were approved in the last two fiscal years.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Radiant Waxing resale loans landed between $897,500 and $1,021,000.
- Lender experience exists. Idaho Central CU alone has financed 2 Radiant Waxing resales.
- Guaranty. The SBA guaranteed 45% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Radiant Waxing resale
The median SBA 7(a) loan for a Radiant Waxing resale was $999,000 across 5 loans (FY2018 to FY2026). Idaho Central CU, Centennial Bank and Live Oak Banking Company have financed the most Radiant Waxing resales. Too few of these loans are old enough to measure a charge-off rate; the average for all SBA acquisition loans is 3.5%.
Radiant Waxing acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 2 | $1.2M | $585,500 | |
| FY2024 | 2 | $1.9M | $948,250 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 1 | $3.1M | $3,100,000 |
How often do these acquisition loans fail?
Fewer than 20 Radiant Waxing acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Seller note standby terms and third-party consents are reviewed before closing.
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Lenders financing Radiant Waxing resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Idaho Central CU | 2 | 40.0% | $1.9M | |
| 2 | Centennial Bank | 2 | 40.0% | $1.2M | |
| 3 | Live Oak Banking Company | 1 | 20.0% | $3.1M |
States where Radiant Waxing units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Idaho | 2 | 40.0% | $1.9M | |
| 2 | Texas | 2 | 40.0% | $1.2M | |
| 3 | California | 1 | 20.0% | $3.1M |
Seller note standby terms and third-party consents are reviewed before closing.
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How lenders classify Radiant Waxing
Lenders code each loan to a NAICS industry. For Radiant Waxing the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Beauty Salons | 4 | 80.0% | $3.1M | |
| 2 | Other Personal Care Services | 1 | 20.0% | $3.1M |
Questions buyers ask
How much do buyers borrow to buy a Radiant Waxing franchise?
The median SBA 7(a) loan for a Radiant Waxing resale was $999,000 across 5 loans (FY2018 to FY2026). The middle half of loans ran from $897,500 to $1,021,000. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Radiant Waxing acquisitions?
Idaho Central CU has made the most SBA acquisition loans for Radiant Waxing (2, 40% of the total). Centennial Bank, Live Oak Banking Company follow.
What interest rate and term do Radiant Waxing acquisition loans carry?
The average initial rate at approval was 10.05% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 10 years.
Is a Radiant Waxing resale riskier than other SBA-financed acquisitions?
Too few Radiant Waxing acquisition loans are old enough to measure. The benchmark for all SBA acquisition loans is 3.5% charged off in the FY2018 to FY2021 cohort.
Where are Radiant Waxing units being bought with SBA loans?
Idaho (2), Texas (2), California (1). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Beauty Salons acquisitions
- Idaho acquisitions
- Texas acquisitions
- California acquisitions
- Idaho Central CU
- Centennial Bank
- Live Oak Banking Company
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Radiant Waxing" (franchise code S7573). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.