Blo Blow Dry Bar Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$308,500 - $434,720
Franchise Fee
$15,000
Total US Locations
101
Business Summary
Blo Blow Dry Bar operates full-service blow dry businesses with a distinctive interior and exterior design. These businesses offer hair styling and cleansing services, along with hair care products and accessories for sale to the public. Makeup services and products are also available where space and lease agreements permit.
Corporate History
Blo Blow Dry Bar Inc. was incorporated in Delaware on December 1, 2009, with the purpose of offering Blo Blow Dry Bar franchises and operating Blo Blow Dry Bar businesses in the United States. The company began offering Blo Blow Dry Bar franchises in the U.S. in January 2010. Blo Blow Dry Bar Inc. does not directly own or operate any of the franchised businesses. In February 2021, Blo Blow Dry Bar Holdings, Inc., a Delaware corporation, became the sole shareholder after acquiring all outstanding shares. Blo Blow Dry Bar Inc. has an affiliate, Blo Blow Dry Bar Inc. (Blo Ontario), an Ontario corporation formed in 2012, which offers similar franchises in Canada and owns the Marks, licensing them to Blo Blow Dry Bar Inc. for use in the U.S. Another affiliate, BBDB, LLC, formed in 2017, is a wholly-owned subsidiary tasked with managing and operating franchised locations that Blo Blow Dry Bar Inc. reacquires from its franchisees.
Financial Overview
Investment Range
$308,500 - $434,720
Franchise Fee (Low)
$15,000
Franchise Fee (High)
$45,000
Royalty %
6%
Marketing %
2%
Equipment Costs (Low)
$170,820
Equipment Costs (High)
$223,615
Working Capital
$20,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
The FDD's Special Risks section indicates that Blo Blow Dry Bar Inc.'s financial condition, as reflected in its financial statements, calls into question its ability to provide services and support to franchisees. However, the auditor's report does not contain a going concern qualification.
Financing Details
Blo Blow Dry Bar Inc. does not offer direct or indirect financing to its franchisees, nor does it guarantee any notes, leases, or other obligations. The franchisor may, upon request, provide names of third-party financing sources. Blo Blow Dry Bar Inc. does not receive any payment for referring franchisees to these financing sources. The franchise has been accepted by the SBA Franchise Registry, which may help expedite the loan process for franchisees seeking outside financing.
Performance Metrics
Total US Locations
101
Franchised Units
100
Corporate Units
1
Avg Square Footage
850
Franchising Since
2010
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Blo Blow Dry Bar Inc. has no litigation history to report. According to Item 3 of its Franchise Disclosure Document, no litigation is required to be disclosed.
Bankruptcy History
Blo Blow Dry Bar Inc. has no bankruptcy history to report. According to Item 4 of its Franchise Disclosure Document, no bankruptcy information is required to be disclosed.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew, Blo Blow Dry Bar Inc. franchisees must have substantially complied with all material provisions of their Franchise Agreement, possess the right to maintain their approved location (or an approved substitute), make necessary capital expenditures to maintain uniformity with the current system, satisfy all monetary obligations owed to the franchisor, not be in material default more than twice during the initial term, provide timely written notice of intent to renew, sign the then-current Franchise Agreement (which may have different terms and fees, but not the initial franchise fee), comply with current franchisee qualifications and training requirements, and sign a general release of claims against the franchisor.
Training & Support Program
Franchisor Assistance
Before opening, Blo Blow Dry Bar Inc. helps franchisees by designating a protected territory, providing site selection criteria, reviewing and approving the chosen site and lease, assisting with the build-out, and conducting an initial orientation and training program. The franchisor also provides access to its confidential Operations Manual and reviews the grand opening advertising campaign. After opening, Blo Blow Dry Bar Inc. offers ongoing support through periodic advice via phone, email, and newsletters, and may conduct periodic visits to the franchised business for consultation and guidance. The franchisor provides ongoing training as needed, communicates changes and additions to the System, offers formats for advertising and promotional materials, approves local advertising, provides Manual modifications, and may establish minimum or maximum pricing (where permitted by law). Franchisees are also required to participate in a first-year coaching program and mandatory annual meetings or conventions.
Initial Training Hours
94
Training Location
Corporate headquarters in Toronto, ON, Canada
Ongoing Support
After opening, Blo Blow Dry Bar Inc. provides ongoing support to franchisees through general guidance via telephone, email, facsimiles, and newsletters. The franchisor may also conduct periodic on-site visits to offer advice, assistance, and guidance on operations and management, and may use a 'secret shopper' program for quality control, for which the franchisee pays. Franchisees receive operations assistance and ongoing, remedial, or refresher training programs, which may be mandatory. The franchisor also provides updates to the System, including formats for advertising and promotional materials, and approves local advertising content. Franchisees must participate in a designated 'first-year coaching program' at their own expense. Additionally, Blo Blow Dry Bar Inc. may hold mandatory annual meetings or conventions for franchisees to discuss System changes and new offerings, for which franchisees pay a non-refundable per-person fee plus travel and lodging expenses.
Franchise Requirements
Ideal Candidate Profile
Blo Blow Dry Bar Inc. is looking for individuals or business entities who are willing to undertake the investment and effort required to own and operate a Blo Blow Dry Bar. Franchisees must be capable of directly supervising the business full-time, either themselves or through an approved designated manager. If the franchisee is a corporate entity, the principals of that entity must be actively involved in the daily operation of the Franchised Business.
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Hybrid
Owner Participation
Hands-On
Territory Type
Protected
Territory Size Requirements
Blo Blow Dry Bar Inc. grants franchisees a Protected Territory. The minimum size of this territory is defined as 3 blocks surrounding the location for urban areas, or a one-mile radius for suburban areas. The franchisor determines the exact size of the Protected Territory once a location is approved. For multi-unit developers, the development area may be defined by municipal or county boundaries or as a specific trade area within a municipality, with its size varying based on market availability, the franchisor's development plans, and the developer's resources.
Staffing Notes
Blo Blow Dry Bar Inc. requires the franchised business to always be under the direct full-time supervision of the owner or a designated manager approved by the franchisor, who must complete the initial training program. Franchisees must keep the franchisor informed of their designated manager's identity. The franchisor also requires franchisees to retain a specific number of 'bloers' (stylists) and other personnel, as detailed in the Operations Manual or in writing. Stylists must attend and complete the 'Blo U' onsite training program prior to the bar's opening. Franchisees are responsible for hiring, firing, training, setting hours, and supervising all employees.