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LAST UPDATED: May 2024FRANCHISE WEBSITE: <a href="https://thedripbar.com/franchising/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-the-dripbar-franchise-cost-fees-profit-and-data-2725609" target="_blank" rel="nofollow">thedripbar.com/franchising/</a>NUMBER OF LOCATIONS: 102 (600+ in development)REPORTED COST TO GET IN: $142,125 - $404,800REPORTED ROI (Item 19): $802,961 (Gross Revenue for FY 2021)<a href="https://thedripbar.com/franchising/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-the-dripbar-franchise-cost-fees-profit-and-data-2725609" target="_blank" rel="nofollow">The DRIPBaR</a> is a nationwide intravenous (IV) therapy franchise that’s focused on helping people obtain their best health by taking their healthcare “beyond diet, exercise, and traditional medicine to support their physical, mental, and cellular wellness.”<h3>How Many DRIPBaR Locations Are There?</h3>Founded in 2016, The DRIPBaR began franchising in late 2019 under the leadership of CEO <a href="https://www.linkedin.com/in/ben-crosbie-85a59a7/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-the-dripbar-franchise-cost-fees-profit-and-data-2725609" target="_blank" rel="nofollow">Ben Crosbie</a>. According to the brand’s website, The DRIPBaR currently has 102 locations in the United States, with another 600+ currently in development.&nbsp;<h3>What Is the Business Model of The DRIPBaR?</h3>The DRIPBaR offers a semi-absentee business model with multiple revenue streams, including:<ul><li>Lifestyle Drips. These IV drips are targeted to younger clients (aged 25 and up) who are looking to increase their energy, boost their immunity, or recover from an overindulgent weekend.</li><li>Health Services Drips. This treatment is geared towards older clients (aged 45 and up) who are looking for a proactive solution to potential health problems. These drips can be used to supplement cancer treatments and may be beneficial to those with Alzheimer’s and chronic illnesses.</li><li>IM Quick Shots. For those who want to get in and out quickly, the intramuscular (IM) shot provides many of the same benefits as the IV drips in just a fraction of the time.</li><li>Oral Supplements. The DRIPBaR offers supplemental treatments to augment its IV drips and shots.</li><li>Additional Services. The DRIPBaR offers a range of services, from facials to saunas to weight loss, to go along with its primary treatments.</li></ul>The brand chooses its locations strategically, placing them near complementary, high-traffic businesses like Starbucks, Massage Envy and Orange Theory.<h3>How Much Can DRIPBaR Franchise Owners Make?</h3>Item 19 of the brand's 2022 Franchise Disclosure Document (FDD) reports the earnings of a single DRIPBaR location that has been in operation since 2016. According to the FDD, the gross revenue for FY 2021 for this location was $802,961.The DRIPBaR franchise does not make any promises or guarantees regarding franchise owners' earnings.<h3>How Much Does It Cost To Open a DRIPBaR Franchise?</h3>The estimated initial investment required to open a DRIPBaR franchise is between $142,125 and $404,800. According to the brand's 2022 Franchise Disclosure Document (FDD), these costs include: &nbsp;<figure class="table"><table><tbody><tr><td>Type of Expenditure</td><td>Min</td><td>Max</td></tr><tr><td>Initial Franchise Fee</td><td>$50,000</td><td>$55,000</td></tr><tr><td>Lease Deposit &amp; Payment</td><td>$2,500</td><td>$5,000</td></tr><tr><td>Utility Deposits</td><td>$500</td><td>$1,000</td></tr><tr><td>Grand Opening Marketing</td><td>$6,500</td><td>$11,500</td></tr><tr><td>Initial Inventory</td><td>$5,000</td><td>$6,000</td></tr><tr><td>Furniture, Fixtures &amp; Equipment</td><td>$9,000</td><td>$45,000</td></tr><tr><td>Computers &amp; Office</td><td>$3,000</td><td>$4,500</td></tr><tr><td>Leasehold Improvements Buildout</td><td>$25,000</td><td>$150,000</td></tr><tr><td>Architectural &amp; Engineering Services</td><td>$8,400</td><td>$11,000</td></tr><tr><td>Retail &amp; Promotional Inventory</td><td>$4,000</td><td>$6,000</td></tr><tr><td>Signage</td><td>$7,000</td><td>$9,000</td></tr><tr><td>Insurance</td><td>$500</td><td>$1,000</td></tr><tr><td>Permits &amp; Licenses</td><td>$100</td><td>$800</td></tr><tr><td>Professional Fees</td><td>$0</td><td>$1,500</td></tr><tr><td>Training Expenses</td><td>$0</td><td>$1,000</td></tr><tr><td>Additional Funds (3 Months)</td><td>$15,000</td><td>$30,000</td></tr></tbody></table></figure>Franchisees must have a minimum net worth of $300,000 and liquid capital of $125,000, as well as a 700+ credit score.The DRIPBaR is on the SBA-approved franchise list.<h3>What Is the Franchise Fee for The DRIPBaR?</h3>The franchise fee required to open a DRIPBaR location is $55,000, which must be paid to the franchisor. Veterans and first responders receive a $5,000 discount.The DRIPBaR also charges a monthly 7% royalty fee and 1% national marketing fund fee.<h3>Who’s On The DRIPBaR’s Leadership Team?</h3><ul><li><a href="https://www.linkedin.com/in/ben-crosbie-85a59a7/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-the-dripbar-franchise-cost-fees-profit-and-data-2725609" target="_blank" rel="nofollow">Ben Crosbie – Chief Executive Officer</a></li><li><a href="https://www.linkedin.com/in/louimbriano/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-the-dripbar-franchise-cost-fees-profit-and-data-2725609" target="_blank" rel="nofollow">Lou Imbriano – Chief Marketing Officer</a></li><li><a href="https://www.linkedin.com/in/kory-angelin-21510aa3/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-the-dripbar-franchise-cost-fees-profit-and-data-2725609" target="_blank" rel="nofollow">Kory Angelin – President</a></li></ul><h3>What Helpful Articles Can I Read To Learn More About The DRIPBaR?</h3><ul><li><a href="https://www.businesswire.com/news/home/20240301173923/en/Wellness-Market-Leaders-Join-Forces-The-DRIPBaR-Powered-by-REVIV?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-the-dripbar-franchise-cost-fees-profit-and-data-2725609" target="_blank" rel="nofollow">Wellness Market Leaders Join Forces: The DRIPBaR Powered by REVIV</a></li><li><a href="https://www.prnewswire.com/news-releases/the-dripbar-partners-with-original-shark-kevin-harrington-301702161.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-the-dripbar-franchise-cost-fees-profit-and-data-2725609" target="_blank" rel="nofollow">The DRIPBaR Partners with Original Shark Kevin Harrington</a></li><li><a href="https://www.youtube.com/watch?v=WdBnxdKOf1U&utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-the-dripbar-franchise-cost-fees-profit-and-data-2725609" target="_blank" rel="nofollow">The DRIPBaR Franchise System Preview [Video]</a></li><li><a href="https://austin.culturemap.com/news/city-life/iv-therapy-austin-dripbar/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-the-dripbar-franchise-cost-fees-profit-and-data-2725609" target="_blank" rel="nofollow">This IV Drip Bar Helped Us Cope with SXSW and Austin Festival Life</a></li><li><a href="https://www.eoboston.org/post/ben-crosbie-franchise-entrepreneur-and-ceo-of-dripbar?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-the-dripbar-franchise-cost-fees-profit-and-data-2725609" target="_blank" rel="nofollow">Ben Crosbie: Franchise Entrepreneur and CEO of DRIPBaR</a></li></ul>Want to learn more about franchise opportunities on 1851 Franchise? Be sure to visit our&nbsp;<a href="https://1851franchise.com/power-rankings">Power Rankings</a> to read more on brands making moves.Every great franchisee had help buying a franchise. Want to learn more about how 1851 helps franchisees find the right franchise opportunity? Visit&nbsp;<a href="https://www.1851growthclub.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-the-dripbar-franchise-cost-fees-profit-and-data-2725609" target="_blank" rel="nofollow">www.1851growthclub.com</a> and start your journey.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.&nbsp;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 - DRIPBaR - 1851 Franchise

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