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

Section I – Estimated initial investment (franchise costs) for a Blo Blow Dry Bar franchise, based on Item 7 of the company’s 2023 FDD

Section II – Initial franchise fee, royalty fee, and marketing fee for a Blo Blow Dry Bar franchise, based on Items 5 and 6 of the company’s 2023 FDD

Section III – Number of franchised and company-owned Blo Blow Dry Bar 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 Blo Blow Dry Bar franchise opportunity

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

• 2022 total, average, median, high, and low gross sales for the top quartile, 2nd quartile, 3rd quartile, bottom quartile, and all 68 franchised Blo Blow Dry Bars that were open for at least one full year as of December 31, 2022

• 2022 total, average, median, high, and low number of members for the top quartile, 2nd quartile, 3rd quartile, bottom quartile, and all 68 franchised Blo Blow Dry Bars that were open for at least one full year as of December 31, 2022

Section VI – Key ratios, comparables, computations, and analyses for the Blo Blow Dry Bar franchise opportunity (exclusive content for Platinum subscribers)

Section I – Blo Blow Dry Bar Franchise Costs

• Blo Blow Dry Bar franchise costs, based on Item 7 of the company’s 2023 FDD:

• Franchise Fee:  $45,000
• Real Estate/Rent (1st Month’s Rent):  $3,000 to $7,500
• Security Deposits:  $5,000 to $9,500
• Drawings and Permits:  $6,000 to $10,800
• Leasehold Improvements:  $130,000 to $151,000
• Interior Signage and Art:  $6,200
• Furniture, Fixtures, and Equipment:  $53,000 to $55,000
• Computer System and Software and Training:  $1,900 to $2,012
• Insurance:  $600 to $750
• Bar Supplies:  $15,015 to $16,999
• Initial Inventory:  $12,579 to $13,815
• Training:  $9,737 to $15,426
• Grand Opening Promotions, Advertising, and Events:  $12,500 to $15,000
• Licenses and Permits:  $500
• Legal and Accounting:  $2,000 to $5,000
• Additional Funds (3 Months):  $6,000 to $25,000
• Total Estimated Blo Blow Dry Bar Franchise Costs:  $309,031 to $379,502

Section II – Blo Blow Dry Bar’s Initial Franchise Fee, Royalty Fee, and Marketing Fee

• Blo Blow Dry Bar’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2023 FDD:

• Initial Franchise Fee:  $45,000
• Royalty Fee:  6% of Gross Sales
• Advertising Fund Contribution:  the greater of 2% of Gross Sales or $250 each month
• Brand Maintenance Fee:  Blo Blow Dry Bar’s then-current Brand Maintenance Fee; currently $150 per month
• Local Advertising:  the greater of $1,500 or 1% of Gross Sales per month
• Cooperative Advertising:  as determined by the members

Section III – Number of Franchised and Company-Owned Blo Blow Dry Bar Outlets

Franchised

2020

• Outlets at the Start of the Year:  71
• Outlets at the End of the Year:  79
• Net Change:  +8

2021

• Outlets at the Start of the Year:  79
• Outlets at the End of the Year:  77
• Net Change:  -2

2022

• Outlets at the Start of the Year:  77
• Outlets at the End of the Year:  87
• Net Change:  +10

Company-Owned

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:  0
• Net Change:  0

2022

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

Section IV – News Updates on the Blo Blow Dry Bar Franchise

• Blo Blow Dry Bar Announces Acquisition of MYNC Beauty Inc.

• Blo Blow Dry Bar Expands Footprint in North Carolina With Customers Turned Franchisees

• Blo Blow Dry Bar Inks Multi-Unit Agreement, Marking Virginia Debut and Expansion in Texas

• Blo Blow Dry Bar Continues Rapid National Expansion With Oklahoma Development

• Blo Blow Dry Bar Starts Off 2022 With Development Agreement in Arizona 

• Blo Blow Dry Bar Did Not Rank on Entrepreneur’s 2023 Franchise 500 List

Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Blo Blow Dry Bar Franchise (Item 19, 2023 FDD)

• As of December 31, 2022, there were 80 Franchised Bars in operation.

• The historical financial performance information contained in this Item 19 reflects certain performance information for the 68 Franchised Bars that were open for at least one full year as of December 31, 2022 (the “Item 19 Bars”), during the period January 1, 2022 through December 31, 2022 (the “Reporting Period”).

• Twelve Franchised Bars were excluded from this Item 19 financial performance representation because they were not open for the entire Reporting Period.

Part 1 – Total Gross Sales and Average Gross Sales for the Item 19 Bars During the Reporting Period

• Part 1 reflects the Total Gross Sales for the Item 19 Bars for the Reporting Period, the Average Gross Sales for the Item 19 Bars for the Reporting Period, and a breakdown of Total Gross Sales and Average Gross Sales for each of the four quartiles of Item 19 Bars for the Reporting Period.

All

• Total Gross Sales:  $23,468,844
• Count:  68
• Low Gross Sales:  $125,413
• Median Gross Sales:  $325,914
• High Gross Sales:  $718,072
• Average Gross Sales:  $345,130
• Percentage Above Average:  44%
• Percentage Below Average:  56%

1st Quartile (Top)

• Total Gross Sales:  $8,865,301
• Count:  17
• Low Gross Sales:  $417,870
• Median Gross Sales:  $489,121
• High Gross Sales:  $718,072
• Average Gross Sales:  $521,488
• Percentage Above Average:  41%
• Percentage Below Average:  59%

2nd Quartile

• Total Gross Sales:  $6,291,856
• Count:  17
• Low Gross Sales:  $326,173
• Median Gross Sales:  $368,356
• High Gross Sales:  $414,562
• Average Gross Sales:  $370,109
• Percentage Above Average:  47%
• Percentage Below Average:  53%

3rd Quartile

• Total Gross Sales:  $4,859,988
• Count:  17
• Low Gross Sales:  $245,071
• Median Gross Sales:  $290,376
• High Gross Sales:  $325,655
• Average Gross Sales:  $285,882
• Percentage Above Average:  59%
• Percentage Below Average:  41%

4th Quartile (Bottom)

• Total Gross Sales:  $3,451,699
• Count:  17
• Low Gross Sales:  $125,413
• Median Gross Sales:  $216,376
• High Gross Sales:  $243,537
• Average Gross Sales:  $203,041
• Percentage Above Average:  65%
• Percentage Below Average:  35%

Part 2 – Total Number of Members and Average Number of Members for the Item 19 Bars During the Reporting Period

• Part 2 reflects the Total Number of Members for the Item 19 Bars for the Reporting Period, the Average Number of Members for the Item 19 Bars for the Reporting Period, and a breakdown of the Total Number of Members and Average Number of Members for each of the four quartiles of the Item 19 Bars for the Reporting Period.

All

• Total Number of Members:  4,747
• Count:  68
• Low Number of Members:  5
• Median Number of Members:  64
• High Number of Members:  225
• Average Number of Members:  70
• Percentage Above Average:  46%
• Percentage Below Average:  54%

1st Quartile (Top)

• Total Number of Members:  2,235
• Count:  17
• Low Number of Members:  98
• Median Number of Members:  121
• High Number of Members:  225
• Average Number of Members:  131
• Percentage Above Average:  29%
• Percentage Below Average:  71%

2nd Quartile

• Total Number of Members:  1,319
• Count:  17
• Low Number of Members:  64
• Median Number of Members:  76
• High Number of Members:  94
• Average Number of Members:  78
• Percentage Above Average:  41%
• Percentage Below Average:  59%

3rd Quartile

• Total Number of Members:  819
• Count:  17
• Low Number of Members:  36
• Median Number of Members:  47
• High Number of Members:  64
• Average Number of Members:  48
• Percentage Above Average:  41%
• Percentage Below Average:  59%

4th Quartile (Bottom)

• Total Number of Members:  374
• Count:  17
• Low Number of Members:  5
• Median Number of Members:  20
• High Number of Members:  36
• Average Number of Members:  22
• Percentage Above Average:  47%
• Percentage Below Average:  53%

• The Gross Sales figures represent revenue from the sale of services and the sale of retail items during the Reporting Period, as reported to Blo Blow Dry Bar by the Item 19 Bars through the reporting system software.

• The Number of Members represents the total number of members, as reported to Blo Blow Dry Bar by the Item 19 Bars, through its reporting system software.

• Gross Sales means the aggregate of all revenue from the sale of products, gift cards, barter or exchange, complimentary services, and services from all sources in connection with the Franchised Business, but excluding all refunds made in good faith, any sales and equivalent taxes that Franchisees collect and pay to any governmental taxing authority, and the value of any allowance issued or granted to any of the Franchisee’s customers that are credited in full or partial satisfaction of the price of any products and services offered by the Franchised Business.

• Some stores have earned these amounts. Your individual results may vary. There is no assurance you’ll earn as much.

Section VI – Blo Blow Dry Bar Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️