In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:

Section I – Estimated initial investment (franchise costs) for The DRIPBaR franchise, based on Item 7 of the company’s 2023 FDD

Section II – Initial franchise fee, royalty fee, and marketing fee for The DRIPBaR franchise, based on Items 5 and 6 of the company’s 2023 FDD

Section III – Number of franchised and company-owned The DRIPBaR outlets at the start of the year and the end of the year for 2020, 2021, and 2022, based on Item 20 of the company’s 2023 FDD

Section IV – News updates on The DRIPBaR franchise opportunity

Section V – Presentation and analysis of The DRIPBaR’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2023 FDD, including information on the:

• Q1-Q4 2022 and Q1 2023 average, median, high, and low gross sales for the DRIPBaR franchised locations that were open and operating during the applicable quarter, grouped by number of months opened (0-3, 4-6, 7-9, 10-12, 12+)
  

• 2022 and Q1 2023 average, median, high, and low size of location (in square feet), rent per square foot, and monthly rent for the DRIPBaR franchised locations that reported data to the franchisor

Section VI – Key ratios, comparables, computations, and analyses for The DRIPBaR franchise opportunity (exclusive content for Platinum subscribers)

Section I – The DRIPBaR Franchise Costs

• The DRIPBaR franchise costs, based on Item 7 of the company’s 2023 FDD:

• Initial Franchise Fee:  $50,000 to $55,000
• Lease Deposit and Payment:  $2,500 to $5,000
• Utility Deposits:  $500 to $1,000
• Grand Opening Marketing:  $6,500 to $11,500
• Initial Inventory:  $5,000 to $6,000
• Furniture, Fixtures, and Equipment:  $10,000 to $50,000
• Computers and Office:  $1,500 to $3,000
• Leasehold Improvements/Buildout:  $25,000 to $200,000
• Architectural and Engineering Services:  $8,400 to $11,000
• Retail and Promotional Inventory:  $2,000 to $5,000
• Signage:  $12,000 to $18,000
• Business Insurance:  $1,125 to $2,500
• Permits and Licenses:  $100 to $800
• Professional Fees:  $2,500 to $5,000
• Travel and Living Expenses While Training:  $0 to $1,000
• Additional Funds for 3 Months:  $15,000 to $30,000
• Total Estimated DRIPBaR Franchise Costs:  $142,125 to $404,800

Section II – The DRIPBaR’s Initial Franchise Fee, Royalty Fee, and Marketing Fee

• The DRIPBaR’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2023 FDD:

• Franchise Fee:  $55,000
• Royalty Fee:  7% of Gross Sales
• General Advertising and Marketing Fee:  1% of Gross Sales until December 31, 2023; and 2% of Gross Sales thereafter

Section III – Number of Franchised and Company-Owned The DRIPBaR Outlets

Franchised

2020

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

2021

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  11
• Net Change:  +11

2022

• Outlets at the Start of the Year:  11
• Outlets at the End of the Year:  40
• Net Change:  +29

Company-Owned

2020

• Outlets at the Start of the Year:  1
• Outlets at the End of the Year:  1
• Net Change:  0

2021

• Outlets at the Start of the Year:  1
• Outlets at the End of the Year:  1
• Net Change:  0

2022

• Outlets at the Start of the Year:  1
• Outlets at the End of the Year:  0
• Net Change:  -1

Section IV – News Updates on The DRIPBaR Franchise

• IV Vitamin Therapy Franchise Focuses on Proactive Cellular Health

• The DRIPBaR Begins New Partnership with Fullscript

• IV Therapy Franchise Extends Presence Throughout Florida

• As IV Vitamin Therapy Takes Off, The DRIPBaR Eyes Expansion in San Antonio and Houston

• IV Therapy Franchise Plans to Open More Than 50 Locations in 2022

• The DRIPBaR Did Not Rank on Entrepreneur’s 2023 Franchise 500 List

Section V – Financial Performance Representations (Average Revenues and/or Profits) for The DRIPBaR Franchise (Item 19, 2023 FDD)

• The following financial performance representations disclose the average historical data relating to the operation of franchised DRIPBaR businesses that were open and operating during the 2022 calendar year and from January 1, 2023 to March 31, 2023.

Part 1 – 2022 1st Quarter Performance for DRIPBaR Franchised Locations

• This data is for the 3-month period combined for the number of locations per quarter represented.

• This data is based upon the number of locations that reported data to DRIPBaR and includes data solely based upon data collected during the 1st Quarter (January, February, and March) of the 2022 calendar year.

Opened 0-3 Months

• Low Gross Sales:  $1,299
• Average Gross Sales:  $9,194
• Median Gross Sales:  $8,681
• High Gross Sales:  $17,789
• Average Age (in months):  1.0
• Number of Locations Per Quarter:  8
• Cumulative Locations Per Quarter:  18

Opened 4-6 Months

• Low Gross Sales:  $5,798
• Average Gross Sales:  $13,422
• Median Gross Sales:  $12,217
• High Gross Sales:  $24,647
• Average Age (in months):  4.4
• Number of Locations Per Quarter:  4
• Cumulative Locations Per Quarter:  10

Opened 7-9 Months

• Low Gross Sales:  $36,256
• Average Gross Sales:  $41,646
• Median Gross Sales:  $41,959
• High Gross Sales:  $46,748
• Average Age (in months):  6.3
• Number of Locations Per Quarter:  2
• Cumulative Locations Per Quarter:  6

Opened 10-12 Months

• Low Gross Sales:  $15,599
• Average Gross Sales:  $28,068
• Median Gross Sales:  $25,491
• High Gross Sales:  $49,153
• Average Age (in months):  10.5
• Number of Locations Per Quarter:  3
• Cumulative Locations Per Quarter:  4

Opened 12+ Months

• Low Gross Sales:  $7,103
• Average Gross Sales:  $10,270
• Median Gross Sales:  $11,334
• High Gross Sales:  $12,372
• Average Age (in months):  14.5
• Number of Locations Per Quarter:  1
• Cumulative Locations Per Quarter:  1

Part 2 – 2022 2nd Quarter Performance for DRIPBaR Franchised Locations

• This data is for the 3-month period combined for the number of locations per quarter represented.

• This data is based upon the number of locations that reported data to DRIPBaR and includes data solely based upon data collected during the 2nd Quarter (April, May, and June) of the 2022 calendar year.

Opened 0-3 Months

• Low Gross Sales:  $1,071
• Average Gross Sales:  $4,308
• Median Gross Sales:  $4,308
• High Gross Sales:  $7,546
• Average Age (in months):  0.5
• Number of Locations Per Quarter:  1
• Cumulative Locations Per Quarter:  19

Opened 4-6 Months

• Low Gross Sales:  $10,329
• Average Gross Sales:  $21,218
• Median Gross Sales:  $21,216
• High Gross Sales:  $30,846
• Average Age (in months):  4.0
• Number of Locations Per Quarter:  8
• Cumulative Locations Per Quarter:  18

Opened 7-9 Months

• Low Gross Sales:  $5,492
• Average Gross Sales:  $17,496
• Median Gross Sales:  $16,973
• High Gross Sales:  $28,453
• Average Age (in months):  7.4
• Number of Locations Per Quarter:  4
• Cumulative Locations Per Quarter:  10

Opened 10-12 Months

• Low Gross Sales:  $40,641
• Average Gross Sales:  $43,695
• Median Gross Sales:  $42,741
• High Gross Sales:  $47,488
• Average Age (in months):  9.3
• Number of Locations Per Quarter:  2
• Cumulative Locations Per Quarter:  6

Opened 12+ Months

• Low Gross Sales:  $11,308
• Average Gross Sales:  $22,943
• Median Gross Sales:  $25,799
• High Gross Sales:  $32,966
• Average Age (in months):  14.5
• Number of Locations Per Quarter:  4
• Cumulative Locations Per Quarter:  4

Part 3 – 2022 3rd Quarter Performance for DRIPBaR Franchised Locations

• This data is for the 3-month period combined for the number of locations per quarter represented.

• This data is based upon the number of locations that reported data to DRIPBaR and includes data solely based upon data collected during the 3rd Quarter (July, August, and September) of the 2022 calendar year.

Opened 0-3 Months

• Low Gross Sales:  $1,091
• Average Gross Sales:  $10,580
• Median Gross Sales:  $10,797
• High Gross Sales:  $29,519
• Average Age (in months):  1.1
• Number of Locations Per Quarter:  12
• Cumulative Locations Per Quarter:  30

Opened 4-6 Months

• Low Gross Sales:  N/A
• Average Gross Sales:  N/A
• Median Gross Sales:  N/A
• High Gross Sales:  N/A
• Average Age (in months):  N/A
• Number of Locations Per Quarter:  0
• Cumulative Locations Per Quarter:  18

Opened 7-9 Months

• Low Gross Sales:  $13,121
• Average Gross Sales:  $30,086
• Median Gross Sales:  $30,492
• High Gross Sales:  $46,536
• Average Age (in months):  6.8
• Number of Locations Per Quarter:  8
• Cumulative Locations Per Quarter:  18

Opened 10-12 Months

• Low Gross Sales:  $6,575
• Average Gross Sales:  $21,365
• Median Gross Sales:  $24,390
• High Gross Sales:  $36,573
• Average Age (in months):  8.8
• Number of Locations Per Quarter:  4
• Cumulative Locations Per Quarter:  10

Opened 12+ Months

• Low Gross Sales:  $5,258
• Average Gross Sales:  $31,397
• Median Gross Sales:  $29,692
• High Gross Sales:  $54,883
• Average Age (in months):  11.5
• Number of Locations Per Quarter:  6
• Cumulative Locations Per Quarter:  6

Part 4 – 2022 4th Quarter Performance for DRIPBaR Franchised Locations

• This data is for the 3-month period combined for the number of locations per quarter represented.

• This data is based upon the number of locations that reported data to DRIPBaR and includes data solely based upon data collected during the 4th Quarter (October, November, and December) of the 2022 calendar year.

Opened 0-3 Months

• Low Gross Sales:  $3,376.39
• Average Gross Sales:  $12,915.22
• Median Gross Sales:  $13,142.93
• High Gross Sales:  $26,378.24
• Average Age (in months):  1.6
• Number of Locations Per Quarter:  8
• Cumulative Locations Per Quarter:  38

Opened 4-6 Months

• Low Gross Sales:  $5,824.46
• Average Gross Sales:  $19,321.48
• Median Gross Sales:  $18,879.06
• High Gross Sales:  $38,156.52
• Average Age (in months):  4.9
• Number of Locations Per Quarter:  12
• Cumulative Locations Per Quarter:  30

Opened 7-9 Months

• Low Gross Sales:  N/A
• Average Gross Sales:  N/A
• Median Gross Sales:  N/A
• High Gross Sales:  N/A
• Average Age (in months):  N/A
• Number of Locations Per Quarter:  0
• Cumulative Locations Per Quarter:  18

Opened 10-12 Months

• Low Gross Sales:  $18,098.00
• Average Gross Sales:  $31,830.83
• Median Gross Sales:  $31,361.88
• High Gross Sales:  $47,085.78
• Average Age (in months):  10.0
• Number of Locations Per Quarter:  8
• Cumulative Locations Per Quarter:  18

Opened 12+ Months

• Low Gross Sales:  $2,127.60
• Average Gross Sales:  $30,282.19
• Median Gross Sales:  $26,316.80
• High Gross Sales:  $73,232.91
• Average Age (in months):  16.6
• Number of Locations Per Quarter:  10
• Cumulative Locations Per Quarter:  10

Part 5 – 2023 1st Quarter Performance for DRIPBaR Franchised Locations

• This data is for the 3-month period combined for the number of locations per quarter represented.

• This data is based upon the number of locations that reported data to DRIPBaR and includes data solely based upon data collected during the 1st Quarter (January, February, and March) of the 2023 calendar year.

Opened 0-3 Months

• Low Gross Sales:  $4,726.75
• Average Gross Sales:  $13,391.69
• Median Gross Sales:  $13,763.40
• High Gross Sales:  $27,753.00
• Average Age (in months):  1.3
• Number of Locations Per Quarter:  11
• Cumulative Locations Per Quarter:  49

Opened 4-6 Months

• Low Gross Sales:  $6,499.02
• Average Gross Sales:  $20,170.29
• Median Gross Sales:  $18,807.96
• High Gross Sales:  $37,431.64
• Average Age (in months):  4.6
• Number of Locations Per Quarter:  8
• Cumulative Locations Per Quarter:  38

Opened 7-9 Months

• Low Gross Sales:  $9,734.90
• Average Gross Sales:  $23,829.26
• Median Gross Sales:  $22,689,17
• High Gross Sales:  $57,773.19
• Average Age (in months):  7.9
• Number of Locations Per Quarter:  12
• Cumulative Locations Per Quarter:  30

Opened 10-12 Months

• Low Gross Sales:  N/A
• Average Gross Sales:  N/A
• Median Gross Sales:  N/A
• High Gross Sales:  N/A
• Average Age (in months):  N/A
• Number of Locations Per Quarter:  0
• Cumulative Locations Per Quarter:  18

Opened 12+ Months

• Low Gross Sales:  $2,003.75
• Average Gross Sales:  $32,579.10
• Median Gross Sales:  $30,273.13
• High Gross Sales:  $74,615.59
• Average Age (in months):  16.7
• Number of Locations Per Quarter:  18
• Cumulative Locations Per Quarter:  18

Part 6 – Rent Analysis for DRIPBaR Franchised Locations Open and Operational During the 2022 Calendar Year

• This data is based upon the number of locations that reported data to DRIPBaR.

Size of Location

• Number of Units Reporting:  35
• Low:  700
• High:  3,538
• Average:  1,546
• Median:  1,400
• Percentage That Met or Exceeded Average:  28%

Rent Per Square Foot

• Number of Units Reporting:  35
• Low:  $13.44
• High:  $69.33
• Average:  $31.44
• Median:  $31
• Percentage That Met or Exceeded Average:  42%

Monthly Rent

• Number of Units Reporting:  35
• Low:  $1,310.40
• High:  $7,800
• Average:  $4,049.41
• Median:  $3,850
• Percentage That Met or Exceeded Average:  47%

Part 7 – Rent Analysis for DRIPBaR Franchised Locations Open and Operational from January 1, 2023 to March 31, 2023

• This data is based upon the number of locations that reported data to DRIPBaR.

Size of Location

• Number of Units Reporting:  45
• Low:  700
• High:  3,538
• Average:  1,580
• Median:  1,400
• Percentage That Met or Exceeded Average:  33%

Rent Per Square Foot

• Number of Units Reporting:  45
• Low:  $11.02
• High:  $69.33
• Average:  $30.53
• Median:  $31.00
• Percentage That Met or Exceeded Average:  42%

Monthly Rent

• Number of Units Reporting:  45
• Low:  $1,142
• High:  $8,000
• Average:  $4,020.20
• Median:  $3,726.48
• Percentage That Met or Exceeded Average:  51%

• “Gross Sales” means all revenue that the representative franchised DRIPBaR businesses received, directly or indirectly, from operating the franchised DRIPBaR businesses, including all amounts or other consideration received from the Medical Director, and whether from cash, check, credit and debit card, barter exchange, trade credit, or other credit transactions.

• The data above reflects Gross Sales data and does not reflect any costs or expenses that must be deducted from Gross Sales to obtain net income or net profit figures.

• DRIPBaR calculated the figures in this Item 19 using data submitted to it by the representative franchised DRIPBaR businesses. DRIPBaR has not audited or independently verified this data nor has it asked questions of the representative franchised DRIPBaR businesses to determine whether they are in fact accurate and complete.

• These results represent sales of products and services similar to those that will be available to the franchisee to sell.

• Some outlets have sold or earned this amount. Your individual results may differ. There is no assurance that you will sell or earn as much.

Section VI – The DRIPBaR Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️