General

Industry

Health and Beauty

Category

Beauty Salon

SBA Identifier

S0227

Year of Founding

2009

Fees

Marketing Fee

Varies

Royalty Fee

6%

Franchise Fee

$40,000-$40,000

Investment Range

$257K-$373K

Location units

Total U.S. Locations

77

U.S. Franchised Units

77

U.S. Corporate Units

0

Headquarters (City)

Toronto

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2010

Issuance of FDD Data

04/29/2022

What to know about Blo Blow Dry Bar franchise?

The franchise offered is for the operation of a full service blow dry business having a distinctive interior and exteror design and trade dress and offering for sale to the public hair styling and cleansing products and accessories under the name "Blo Blow Dry Bar."

Blo Blow Dry Bar is based in Toronto, N/A. Scroll down to learn more!

How much does a Blo Blow Dry Bar franchise cost?

Are you wondering how much is a Blo Blow Dry Bar franchise? Before starting a Blo Blow Dry Bar franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Blo Blow Dry Bar franchise is $257,400 and can go all the way up to $372,958. Keep in mind, you should also allocate additional funds to live off of while the Blo Blow Dry Bar business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Blo Blow Dry Bar franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Blo Blow Dry Bar business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Blo Blow Dry Bar franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 30 15 1 43
2017 43 14 0 57
2018 57 18 4 71
2019 57 18 4 71
2020 71 10 2 79
2021 79 13 15 77

Additional Details

How much does a Blo Blow Dry Bar franchise owner make?

Blo Blow Dry Bar franchise earnings and revenue can vary significantly from one franchisee to another.
The Blo Blow Dry Bar franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Blo Blow Dry Bar discloses financials at the unit level. In other words, they show how much Blo Blow Dry Bar franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Blo Blow Dry Bar franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Blo Blow Dry Bar. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Blo Blow Dry Bar owners were making.

Visit the Blo Blow Dry Bar metrics tab to explore the financials for this business.

What is the Blo Blow Dry Bar franchise fee?

Owning a Blo Blow Dry Bar franchise requires 6% royalty fee and Varies marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Blo Blow Dry Bar Franchise Disclosure Document

Keep in mind, there is also an initial Blo Blow Dry Bar franchise fee of $40,000 that is included in the initial investment amount of $257,400 to $372,958. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Blo Blow Dry Bar franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Blo Blow Dry Bar franchise fee of $40,000.

Visit the Blo Blow Dry Bar metrics tab to explore the financials for this business, royalty and marketing fees compare to other Health and Beauty franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Blo Blow Dry Bar founded?

Blo Blow Dry Bar started offering franchises in 2010. Blo Blow Dry Bar was founded 13 years ago in 2009.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Blo Blow Dry Bar locations are in the U.S.?

As of 2022, there were 77 locations across the U.S. There are also 0 corporate locations. Most Health and Beauty franchises like Blo Blow Dry Bar have more franchised locations than corporate locations.

How many Blo Blow Dry Bar franchises opened over the past few years?

Over the prior 3 years we have data for, Blo Blow Dry Bar has opened 41 outlets throughout the U.S. Visit the Blo Blow Dry Bar metrics tab to explore how the openings compare to other Health and Beauty franchises.

How many Blo Blow Dry Bar franchises closed over the past few years?

Over the prior 3 years we have data for, Blo Blow Dry Bar has closed 21 outlets throughout the U.S

Visit the Blo Blow Dry Bar metrics tab to explore how the openings compare to other Health and Beauty franchises.

Is Blo Blow Dry Bar growing? Are they opening more locations than they are closing?

The net unit growth rate for Blo Blow Dry Bar over the past 3 years is 35%. Over the last year we have data for, Blo Blow Dry Bar had a net unit growth rate of -3%.

Without a comparison, this number doesn’t mean much. Compare how the Blo Blow Dry Bar growth rate compares to 2,000+ other franchises and Industry franchises like Blo Blow Dry Bar. More info in the Blo Blow Dry Bar metrics tab.

Is Blo Blow Dry Bar franchise eligible for an SBA Loan?

Blo Blow Dry Bar is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Blo Blow Dry Bar franchise was assigned the SBA Franchise ID of S0227 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Blo Blow Dry Bar that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Blo Blow Dry Bar a franchise in the United States?

According to the SBA, Blo Blow Dry Bar meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Blo Blow Dry Bar provides you with an FDD if you are in discussion to buy a Blo Blow Dry Bar.

What is the Blo Blow Dry Bar Franchise for Sale Rate?

The Blo Blow Dry Bar systemwide health and franchisee satisfaction can be measured by the Blo Blow Dry Barfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Blo Blow Dry Bar franchise for sale rate over the past 3 years is 10%. Over the last year we have data for, Blo Blow Dry Bar had a franchise for sale rate of 5%.

Without a comparison, this number doesn’t mean much. Compare how the Blo Blow Dry Bar franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Blo Blow Dry Bar. More info in the Blo Blow Dry Bar metrics tab.

What is the Blo Blow Dry Bar Franchise Failure Rate?

Blo Blow Dry Bar franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Blo Blow Dry Bar failure rate over the past 3 years is 27%. Over the last year we have data for, Blo Blow Dry Bar had a franchise failure rate of 19%.

Without a comparison, this number doesn’t mean much. Compare how the Blo Blow Dry Bar franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Blo Blow Dry Bar. More info in the Blo Blow Dry Bar metrics tab.

How can I find out more details on Blo Blow Dry Bar franchise?

Visit the Blo Blow Dry Bar metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Blo Blow Dry Bar

$315,179

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Blo Blow Dry Bar

6%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Blo Blow Dry Bar

$40,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Health and Beauty

Category

Beauty Salon

SBA Identifier

S0227

Year of Founding

2009

Fees

Marketing Fee

Varies

Royalty Fee

6%

Franchise Fee

$40,000-$40,000

Investment Range

$257K-$373K

Location units

Total U.S. Locations

77

U.S. Franchised Units

77

U.S. Corporate Units

0

Headquarters (City)

Toronto

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2010

Issuance of FDD Data

04/29/2022

Detailed Franchise metrics for Blo Blow Dry Bar

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Blo Blow Dry Bar below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Blo Blow Dry Bar

11%

35%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Blo Blow Dry Bar

5%

10%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Blo Blow Dry Bar

4%

27%

Industry median

All franchises median

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Business details

Company Name

www.blomedry.com

Business email

**********@******.com

Mailing address

1867 Yonge Street, Suite 600

State headquarters

Owner Name

Blo Blow Dry Bar

Phone

+1 (000) 0********00

City

Toronto

Zip code

M4S 1Y5
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