FOR IMMEDIATE RELEASE

DENVER, Colo. (March 14, 2023) – The demand for self-care services from WellBiz Brands, Inc., the pre-eminent beauty and wellness franchise platform, is expected to sustain its momentum as the industry continues its surge in consumer demand in 2023 and beyond.

“This year is going to provide significant growth for WellBiz Brands,” said CEO Jeremy Morgan. “We have positioned ourselves strategically to capitalize on that growth with our portfolio of brands and the trends within the industry. Following the pandemic, we saw members return and demand for services increase. Consumers want to treat themselves with experiences focused on their beauty and wellness. Since then, the demand hasn’t slowed and is expected to continue.”

In 2020, WellBiz Brands had a normal first quarter before the pandemic forced a complete shutdown in Q2. By Q3, however, a steady recovery had begun. The following year told a very different story. WellBiz Brands closed out 2021 with nearly $500 million in systemwide sales and two new brands – Drybar and LunchboxWax® now known as Radiant Waxing™ – in its portfolio. And in 2022 the company recorded nearly $600 million in systemwide sales.

All five franchise brands in the WellBiz Brands portfolio – Amazing Lash Studio®, Drybar®, Radiant Waxing, Elements Massage® and Fitness Together® – are part of the same booming industry and cater to the same affluent female consumer.

WellBiz Brands’ rapid recovery mirrored what was happening in the beauty and personal care industry at large.

Following the early shutdowns of the pandemic, the self-care industry boomed back to life. Those who had been stuck at home and unable to go out now put self-care as a priority in their life and it doesn’t appear to be changing.

Brandie Chapman wasn’t sure what to expect when she opened her first franchise in 2020, only to be promptly shut down as the pandemic hit in her hometown of Coeur d’Alene, Idaho.

Despite the shutdown, business has boomed, and Chapman is just one of the franchisees of a WellBiz Brands’ portfolio brand who continues to benefit from the surge. Most recently, Chapman opened a Drybar shop in August 2022. This year, she hopes to open her first Amazing Lash Studio location as her third brand under the WellBiz Brands portfolio and add another location each year until she reaches six.

While the financial markets still feel uncertain at the dawn of 2023, Chapman’s experience isn’t unique. The self-care industry franchise model is surging and worthy of investment, according to analysts and market reports.

Last year, the beauty and personal care market was valued at about $187 billion and expected to grow at a compound annual growth rate (CAGR) of about 3% through 2027, according to a market analysis report from Statista®. The market’s largest segment, personal care, was valued at about $40 billion in 2022.

“The Beauty & Personal Care market is thriving and one of the fastest growing consumer markets,” according to Statista analysts. “The main reason for this strong growth is the generational shift with young consumers entering the market. At the same time, this change is reinforced by social media, internationality, and eCommerce, which have a lasting effect on buying behavior when it comes to beauty products. Trends from all over the world are spreading and changing the daily beauty and care routine.”

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®. With an expertise in digital marketing, the company developed a cross-brand digital marketing program that drives effective member acquisition strategies, creating a world-class membership ecosystem. WellBiz One, a proprietary technology platform, enhances studio operations for franchise owners driving member engagement and retention. With in-house expertise in supply chain management, e-commerce and product innovation, WellBiz Brands provides its franchisees with a leading edge in their industries. Backed by a management team with nearly a century of combined leadership experience, WellBiz Brands is the future of customer-centric, membership-based brands. 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.

Media Contact:

Jeremy Maready                                                          

jmaready@curiousjane.com

863.559.7363

###