Using the 2026 Amazing Lash Franchise, LLC Franchise Disclosure Document’s actual 2025 revenue cohorts, a manager-run Amazing Lash Studio is independently modeled from an operating loss of about $67,000 to positive pre-tax owner earnings of about $109,000 per Studio. The base scenario is approximately operating break-even at -$1,000. An owner-operator who performs the full-time manager role has estimated owner-operator benefit ranging from an operating loss of about $18,000 to positive $158,000, including approximately $49,000 of labor value rather than passive business profit.
Independent estimate—not an Item 19 earnings claim. The range is an analytical scenario, not a financial performance representation made by Amazing Lash Franchise, LLC. It combines identified 2026 FDD facts with separately identified IRS and BLS benchmarks plus explicit scenario assumptions. Actual results can differ materially because of location, Studio format, Gross Revenue, service mix, labor, occupancy, financing, owner involvement, local competition, and execution.
Data basis
Legal franchisor: Amazing Lash Franchise, LLC. FDD issuance date: April 1, 2026. Item 19 status: official Gross Revenue and operating KPI disclosure, but no Operating Profit, EBITDA, Net Income, Owner Compensation, or cash-flow measure. Population: 160 U.S. franchised Studios open on January 1, 2025 and operating throughout 2025. External benchmarks used: the IRS 2023 Personal and laundry services sole-proprietorship income statement and the May 2025 national median wage for First-Line Supervisors of Personal Service Workers. Date checked: July 16, 2026.
Base manager-run estimate
Approximately operating break-even before debt service, depreciation, capital spending, and personal taxes. It is a scenario midpoint, not a forecast.
Base owner-operator benefit
Includes the $48,590 market wage value of replacing a paid Studio manager. That labor component is not passive profit.
Median Gross Revenue
Median for the 160 eligible franchised Studios during calendar 2025. Gross Revenue is not owner earnings.
Baseline recurring obligations
At median revenue: 10% revenue-based obligations plus $30,600 of annual local-advertising and technology charges.
Studios in the main cohort
Eligible franchised Studios that were open at the start of 2025 and remained operating throughout the year.
2025 closures excluded
The Item 19 cohort excludes all franchised Studios that closed during 2025, creating a material survivorship limitation.
What does the 2026 Item 19 actually measure?
Officially, Item 19 measures Gross Revenue and selected operating KPIs—not owner earnings. The disclosure covers calendar-year 2025 results for U.S. franchised Studios that were open on January 1, 2025 and continued operating through December 31, 2025. It does not disclose labor expense, occupancy cost, operating profit, EBITDA, net income, owner draws, or distributions.
The FDD defines Gross Revenue broadly to include membership, service, product and gift-card revenue, plus business-interruption insurance proceeds. It excludes stated sales and similar taxes, refunds, and tips paid to employees. That definition makes Item 19 useful as a revenue anchor, but the Federal Trade Commission’s franchise guidance cautions buyers that gross sales can be misleading when the expenses needed to generate those sales are unknown.
| 2025 franchised-Studio population | Studios | Average Gross Revenue | Median Gross Revenue |
|---|---|---|---|
| All eligible reporting Studios | 160 | $541,436 | $507,581 |
| Open more than one year | 153 | $555,770 | $527,607 |
| Open more than three years | 135 | $591,185 | $574,325 |
| Top third of Studios open more than one year | 51 | $839,967 | $803,605 |
| Bottom third of Studios open more than one year | 51 | $299,564 | $312,537 |
Source: 2026 Amazing Lash Franchise, LLC FDD, Item 19, pp. 51–53. The figures are franchisee-reported and described as unaudited and unverified by the franchisor.
The official all-Studio median of $507,581 is the center of the Item 19 revenue distribution, not an owner salary. In the same disclosure, only 76 of 160 Studios—47.5%—met or exceeded the average Gross Revenue of $541,436, illustrating why the median is the cleaner central revenue anchor.
The population is also selective. Item 19 excludes five Studios opened during 2025, one department-store Studio without street access, and all 41 franchised Studios that closed during 2025. Item 20 reports 166 franchised outlets at year-end, down from 202 at the end of 2024 and 263 at the end of 2023. Same-Studio average Gross Revenue declined 6.8% for the all-Studio group, 7.7% for Studios open more than one year, and 7.8% for Studios open more than three years. Those facts do not establish an individual Studio’s future result, but they materially reduce confidence in a simple profit projection.
Sources: 2026 Amazing Lash Franchise, LLC FDD, Items 19–20, pp. 51–61.
How does Gross Revenue become estimated owner earnings?
The earnings figures are estimated by applying an IRS-anchored owner-operator contribution benchmark to three official Item 19 revenue cohorts, then subtracting recurring FDD obligations, midpoint occupancy cost, and—when applicable—a BLS manager wage. The scenarios apply to one U.S. franchised Studio for a full year under manager-run and owner-operator structures; they are independent estimates rather than franchisor-reported profit results.
Owner-role calculations
Estimated owner-operator benefit = Gross Revenue × owner-operator contribution rate − 10% revenue-based FDD obligations − $30,600 fixed annual FDD obligations − $69,000 rent and CAM.
Estimated manager-run owner earnings = owner-operator benefit − $48,590 manager wage.
IRS reference = ($23,435,275 + $8,558,342 + $3,206,890 + $656,791 + $1,544,839) ÷ $95,928,506 = 38.99%, with all IRS amounts reported in $000.
- Revenue anchors are official and remain separate: $312,537 and $803,605 are the bottom- and top-third medians for the 153 Studios open more than one year; $507,581 is the median for all 160 eligible Studios. The values are used as distinct scenario anchors, not blended into one population, and the cohorts are observations rather than probabilities.
- The contribution benchmark is official but broad: IRS 2023 Table 2 reports $95.929 billion of receipts and $23.435 billion of net income less deficit for Personal and laundry services sole proprietorships. Adding back business-property rent, depreciation, business interest, and advertising—because those items are modeled separately or excluded here—produces a 39.0% pre-rent, pre-financing, pre-FDD-marketing owner-operator reference.
- Scenario contribution rates are benchmark sensitivities: 36%, 39%, and 42%, equal to the IRS-derived reference minus three percentage points, the reference rounded to a whole percentage point, and the reference plus three percentage points. The IRS sector is broader than lash studios and Schedule C net income includes proprietor labor—and some proprietors may also perform revenue-producing services—so these are not same-brand margins.
- Manager-run compensation is separate: the model subtracts the $48,590 BLS median wage after calculating owner-operator benefit. Employer payroll taxes and benefits are not added, so manager-run earnings may be overstated where total compensation exceeds wage.
- Revenue-based FDD obligations are derived: 6% royalty, 2% Brand Marketing Fund, and 2% Local Spend Amount, totaling 10% of Gross Revenue at the currently disclosed rates.
- Fixed FDD obligations are derived: $2,000 per month of required local advertising plus a $550 monthly Technology Fee, totaling $30,600 annually. Extra email accounts, co-op spending above the Local Spend Amount, fee increases, and event-specific charges are excluded.
- Occupancy is derived from Item 7: the FDD estimates monthly lease and common-area charges of $4,000 to $7,500, or $48,000 to $90,000 annually. The model uses the $69,000 midpoint.
- Operating earnings exclude financing and tax effects: interest, loan principal, depreciation, major capital expenditures, remodels, and personal income taxes are not deducted. The Item 7 initial investment is not treated as an annual operating expense.
Estimated manager-run owner earnings by FDD revenue cohort
Annual pre-tax operating result per Studio before debt service, depreciation, major capital spending, and personal taxes.
Interpretation: Revenue and operating leverage both matter. The manager-run base scenario is approximately break-even before financing because the BLS manager wage absorbs nearly all of the owner-operator benefit. At the top-third median, fixed costs consume a smaller share of revenue.
Sources and formula: Revenue anchors from 2026 FDD Item 19, pp. 51–53; recurring obligations from Item 6, pp. 9–16; rent range from Item 7, pp. 17–21; IRS 2023 sole-proprietorship income-statement workbook; BLS May 2025 wage data. The 36% and 42% margins are explicit ±3-percentage-point sensitivities around the 39% IRS-derived reference.
How much revenue is absorbed by baseline FDD fees?
At the three modeled revenue anchors, baseline recurring franchise, advertising, and technology obligations total about $61,854, $81,358, and $110,961 per year. Those figures are derived from the current Item 6 rates. Because $30,600 is fixed, the burden is proportionally heavier at lower sales: 19.8% of the bottom-third median versus 13.8% of the top-third median.
Baseline recurring obligations across the revenue cohorts
The fixed component is $24,000 of required local advertising plus $6,600 of Technology Fees; the variable component is 10% of Gross Revenue.
Interpretation: The dollar amount rises with revenue, but the effective percentage falls because the $30,600 fixed component is spread across a larger sales base.
Source and calculation: 2026 FDD Items 6 and 19. Amount = 10% of the applicable Gross Revenue median + $30,600. The Brand Marketing Fund may be increased from 2% to as much as 4%, and the Local Spend Amount may also increase; those potential increases are not included.
The Item 7 lease-and-CAM range is $48,000 to $90,000 per year. Relative to the $69,000 midpoint used in the model, the low endpoint adds $21,000 to each manager-run result and the high endpoint subtracts $21,000. Local rent can therefore move the approximately break-even base manager-run result to either a modest profit or a larger operating loss.
How does owner involvement change annual economics?
An active owner who performs the full-time manager role may add approximately $48,590 of labor value to the manager-run operating result. This is an estimated owner-operator benefit for a U.S. Studio, not pure business profit. The value is based on the May 2025 national median wage for BLS occupation 39-1022, First-Line Supervisors of Personal Service Workers.
| Scenario | Manager-run owner earnings | Owner-operator benefit | Labor value included |
|---|---|---|---|
| Conservative | -$67,000 | -$18,000 | $48,590 |
| Base | -$1,000 | $48,000 | $48,590 |
| Upside | $109,000 | $158,000 | $48,590 |
Item 15 requires a qualifying ownership entity to designate an approved Operating Partner with at least a 25% ownership and voting interest. Unless the franchisor approves a full-time Designated Manager, the Operating Partner must personally provide full-time supervision and best efforts. A manager-run structure is therefore possible, but it is not the same as an absentee or passive-income model.
The $48,590 addition represents work performed by the owner. It does not mean the business itself becomes $48,590 more profitable. The BLS wage excludes self-employed workers and does not include employer benefits or payroll taxes, so the actual avoidable manager cost may differ by market and compensation plan.
Sources: 2026 Amazing Lash Franchise, LLC FDD, Item 15, p. 44; BLS Occupational Employment and Wage Statistics tables, May 2025 national median annual wage for SOC 39-1022.
Why is the evidence-confidence rating limited?
Confidence is limited because the strongest same-brand disclosure stops at revenue and operating KPIs, while the profit bridge depends materially on independent expense assumptions. The FDD is current and the Item 19 sample is clearly described, but it does not supply the cost structure needed to calculate an official owner-earnings figure.
Gross Revenue, visits, membership conversion, ending memberships, and same-Studio revenue change. No Store-Level Profit, EBITDA, Net Income, cash flow, or Owner Compensation is disclosed.
The main 160-Studio cohort excludes 41 closures, five 2025 openings, and one materially different department-store location. A continuing-outlet cohort can overstate the economics available to every buyer.
The 39.0% reference is derived from IRS Personal and laundry services sole proprietorships, not franchised lash studios. The 36% and 42% scenario margins are sensitivity assumptions, and the manager-wage adjustment excludes employer benefits and payroll taxes.
Item 20 reports zero company-owned Studios during 2023, 2024, and 2025, so there is no same-brand company-operated margin to use as a cross-check.
Debt interest and principal can materially reduce cash available to an owner. Personal taxes vary by entity, jurisdiction, deductions, and owner circumstances and are intentionally not estimated.
The Economic Census provides authoritative employer-establishment revenue, employment, and payroll context, while the IRS Schedule C data provide receipts, deductions, and net income for sole proprietorships. Neither population matches a franchised Amazing Lash Studio exactly. The IRS benchmark is therefore used only as a transparent scenario anchor, not as a claim about the brand.
What should a buyer verify before relying on this range?
A buyer should replace the scenario assumptions with location-specific evidence and actual franchisee operating statements. Item 19 expressly states that written substantiation is available on reasonable request, and the FDD provides contacts for current and former franchisees. Verification should cover both successful operating Studios and outlets that closed or transferred.
- Request the written Item 19 substantiation and confirm the Gross Revenue definition, reporting population, exclusions, and treatment of the 41 Studios that closed in 2025.
- Ask franchisees at the bottom, middle, and top of the revenue distribution for normalized profit-and-loss statements showing stylist and esthetician compensation, manager pay, payroll taxes, product cost, merchant fees, rent, insurance, and repairs.
- Separate business operating profit from owner salary, draws, distributions, retained cash, and the value of hours personally worked by the Operating Partner.
- Validate local rent and common-area charges against the Item 7 range, including tenant-improvement obligations, renewal escalators, and occupancy costs omitted from base rent.
- Confirm every current Item 6 charge, including any Brand Marketing Fund increase, co-op obligation above the Local Spend Amount, extra technology accounts, required events, and local marketing commitments.
- Stress-test membership conversion, ending memberships, visits, service mix, labor availability, wage rates, and retail-product contribution rather than assuming revenue alone determines profit.
- Model loan interest and principal separately from operating earnings, then have a qualified tax adviser estimate entity-specific after-tax cash flow.
What is the strongest defensible earnings takeaway?
The strongest defensible annual range is an independently estimated manager-run operating result of approximately -$67,000 to $109,000 per Studio, with a base scenario near operating break-even at -$1,000. An owner-operator may realize approximately -$18,000 to $158,000 of total owner-operator benefit, but about $49,000 of that amount is compensation for performing the manager’s work. These are scenario results, not official Item 19 earnings figures.
The most important earnings driver is the combination of Gross Revenue and labor efficiency; the largest unresolved uncertainty is the actual Studio-level expense structure, especially after accounting for the 41 closures excluded from Item 19. Before making a decision, a buyer should obtain Item 19 substantiation, reconcile the scenario against current and former franchisee financial statements, and verify local labor, occupancy, recurring fees, financing, and the intended owner role.
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