Embarking on the journey toward entrepreneurship involves more than just passion and a keen eye for beauty––it requires a clear understanding of the numbers. At Blo Blow Dry Bar, transparency is not just a policy; it’s our style. That’s why we’re sharing all the financial launch details and explaining why each cost contributes to the success of your potential franchise.
The initial steps to becoming a Blo franchisee involve meeting specific financial criteria. You’re required to have a net worth of $375,000 and liquid capital of $100,000 to qualify. Additionally, the initial franchise fee of $45,000* serves as an essential and remarkably reasonable investment in the beauty industry, especially considering Blo’s reputation as a franchise brand that provides unwavering support and a proven business model.
The startup cost, ranging from $309,031 to $379,502, is strategically designed to provide franchisees with everything they need for a fruitful launch of their franchise business. Let’s explore the breakdown:
- Property and Administrative Costs: $17,100-$34,050
- Software and Training: $11,637-$17,038
- Leasehold Improvements: $130,000-$151,000
- Supplies and Inventory: $27,594 to $30,814
- Furniture, Fixtures, and Equipment: $59,200-$61,200
- Grand Opening Marketing: $12,500-$15,000
- Additional Funds: $6,000-$25,000
This comprehensive investment covers everything from establishing a physical space for your salon to marketing your grand opening, ensuring you’re equipped for success from day one.
Blo charges a monthly royalty fee of 6 percent of gross sales, contributing to ongoing support, brand growth, and marketing efforts. Additional costs include a Brand Fee of $150 per month and an Ad Fund of 2% of gross sales per month*, further reinforcing the brand’s commitment to your business growth.
Recognizing the valuable service of qualified United States Veterans or Canadian Veterans, Blo offers a 10 percent discount on the initial franchise fee, acknowledging and appreciating their dedication.
Choosing to franchise with Blo Blow Dry Bar isn’t just a financial decision; it’s an investment in a brand that values transparency, accessibility, and support for aspiring entrepreneurs. Each cost is strategically designed to empower you for success, fostering a partnership that thrives on shared achievements, openness, and growth.
Want to explore our franchise opportunity? Click here to schedule a call with our team.
*US data only, please refer to Item 7 in the 2023 Blo Blow Dry Bar Franchise Disclosure Document for additional details. For Canadian start-up costs please refer to the current Blo Blow Dry Bar Franchise Disclosure Document for Canada. **On average, bars in the United States earn $345,130 in gross revenue. Our top quartile bars, earned $521,488 in gross revenue. Refer to Item 19 in the 2023 Blo Blow Dry Bar Franchise Disclosure Document for additional details. For Canadian bar results, refer to the current Blo Blow Dry Bar Franchise Disclosure Document for Canada.