1851

LAST UPDATED: March 2023FRANCHISE WEBSITE:&nbsp;<a href="https://www.drybarshops.com/franchising/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-drybar-costs-fees-profit-and-data-2722321" target="_blank" rel="nofollow">https://www.drybarshops.com/franchising/</a>&nbsp;NUMBER OF LOCATIONS:&nbsp;140-plusREPORTED COST TO GET IN:&nbsp;$596,335–$1,030,034REPORTED ROI (Item 19):&nbsp;Not disclosed<a href="https://www.drybarshops.com/franchising/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-drybar-costs-fees-profit-and-data-2722321" target="_blank" rel="nofollow">Drybar</a> is a hair salon concept that, rather than offering a long menu of services, focuses on executing its single offering perfectly each and every time. As a happy middle ground between bargain hair salons and all-inclusive salons, Drybar seeks to offer affordable blowout services in a great environment. After securing its spot in the multi-billion dollar beauty industry, the brand has grown to be a go-to for many women looking for an afternoon pick-me-up, event hairstyling or even a break from the responsibilities of daily hair care.How Many Drybar Locations Are There?Drybar was originally founded in 2010 and began franchising shortly after in 2012. Since then, it has grown to 143 units, and the number of company-owned studios has decreased dramatically.Because of its unique, high-quality offering, Drybar has become a key player in the women’s beauty industry, offering both in-person services and branded retail products.Now, as one of the five concepts under the&nbsp;<a href="https://wellbizbrands.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-drybar-costs-fees-profit-and-data-2722321" target="_blank" rel="nofollow">WellBiz Brands</a> umbrella, Drybar is part of a network of over 900 studios and is guided by top franchise professionals as they “establish a sustainable growth plan for each independent brand.”What Is the Drybar Business Model?Drybar brings a new hair care option to women who were previously left to choose between two extreme ends of the spectrum. Previously, the two primary choices were in-salon styling, which becomes expensive quickly, or a service from a discount chain with a less-than-optimal environment.In a happy middle ground, Drybar offers salon-quality styling and a welcoming environment at an affordable price. For clients who prefer consistent blowouts, there is a Barfly membership, which positions franchisees to secure additional recurring revenue.How Much Can Drybar Franchise Owners Make?Drybar does not publish revenue data.How Much Does It Cost to Open a Drybar?The total investment necessary to open a Drybar business is $596,335–$1,030,034. This includes the following costs:<ul><li>Initial Franchise Fee: $50,000</li><li>Real Property and Utility Security Deposits: $9,750–$60,000</li><li>Leasehold Improvements: $313,544–$568,802</li><li>Site Survey Fee: $2,500</li><li>Site Development Fee: $7,500</li><li>Initial Inventory: $38,700–$44,700</li><li>Other Service and Marketing Items: $3,000–$7,200</li><li>Furniture and Fixtures: $22,000</li><li>Initial Software License and Set Up: $2,500</li><li>Computer System: $34,975–$56,785</li><li>Training Program and Shop Educator Program: $9,000–$15,750</li><li>Pre-Opening Stylist Training: $5,000–$10,000</li><li>Architectural Design and MEP Fees: $13,750–$20,750</li><li>Marketing and Promotional Inventory: $5,500–$6,800</li><li>Grand Opening Spend Requirement: $15,000</li><li>Signage: $9,416–$24,734</li><li>Business Supplies: $3,000–$7,927</li><li>Business Licenses and Permits: $500–$15,000</li><li>Insurance Deposits and Premiums (year one): $3,900–$9,786</li><li>Professional Fees: $1,800–$12,300</li><li>Additional Funds (three months): $45,000–$70,000</li></ul>Drybar also requires a net worth of $750,000 and liquidity of $250,000.Other Fees:Drybar assesses a 7% royalty fee and a marketing fee of up to 2%.What Is the Franchise Fee for Drybar?The Drybar franchise fee is $50,000.Who Is the Leadership of Drybar?Drybar is owned by parent company WellBiz Brands. Leadership of WellBiz Brands includes:<ul><li><a href="https://www.linkedin.com/in/jeremydmorgan/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-drybar-costs-fees-profit-and-data-2722321" target="_blank" rel="nofollow">Jeremy Morgan, Chief Executive Officer</a></li><li><a href="https://www.linkedin.com/in/bobbell1/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-drybar-costs-fees-profit-and-data-2722321" target="_blank" rel="nofollow">Bob Bell, Chief Financial Officer</a></li><li><a href="https://www.linkedin.com/in/juliemanthey/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-drybar-costs-fees-profit-and-data-2722321" target="_blank" rel="nofollow">Julie Manthey, Chief People Officer</a></li><li><a href="https://www.linkedin.com/in/arielrclay/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-drybar-costs-fees-profit-and-data-2722321" target="_blank" rel="nofollow">Ariel Clay, Chief Marketing Officer</a></li><li><a href="https://www.linkedin.com/in/steve-labrie-7112001/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-drybar-costs-fees-profit-and-data-2722321" target="_blank" rel="nofollow">Steve Labrie, Chief Technology Officer</a></li><li><a href="https://www.linkedin.com/in/sherin-sakr-j-d-ll-m-2032796/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-drybar-costs-fees-profit-and-data-2722321" target="_blank" rel="nofollow">Sherin Sakr, General Counsel</a></li><li><a href="https://www.linkedin.com/in/jingjing-jj-zhang-5694a41a/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-drybar-costs-fees-profit-and-data-2722321" target="_blank" rel="nofollow">JJ Zhang, Senior Vice President, Accounting</a></li><li><a href="https://www.linkedin.com/in/sheila-ullery/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-drybar-costs-fees-profit-and-data-2722321" target="_blank" rel="nofollow">Sheila Ullery, President, Wellness and Vitality Exchange</a></li><li><a href="https://www.linkedin.com/in/jasonlosco/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-drybar-costs-fees-profit-and-data-2722321" target="_blank" rel="nofollow">Jason Losco, Chief Development Officer</a></li></ul>What Helpful Sources Can I Read to Learn More About Drybar?<ul><li><a href="https://www.drybarshops.com/franchising/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-drybar-costs-fees-profit-and-data-2722321" target="_blank" rel="nofollow">Franchise Opportunities | Drybar Shops</a></li><li><a href="https://www.modernretail.co/retailers/a-national-presence-how-drybar-is-expanding-with-the-help-of-franchisees/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-drybar-costs-fees-profit-and-data-2722321" target="_blank" rel="nofollow">How Drybar is expanding with the help of franchisees</a></li><li><a href="https://www.franchisetimes.com/franchise_mergers_and_acquisitions/wellbiz-brands-buys-blowout-franchise-drybar/article_80df445e-6d61-11eb-bd76-db40e9b8ca16.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-drybar-costs-fees-profit-and-data-2722321" target="_blank" rel="nofollow">WellBiz Brands Buys Blowout Franchise Drybar</a></li></ul>Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction. All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.

Franchise Deep Dive: Drybar Costs, Fees, Profit and Data

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