Dallas Blow Dry Bar Salon Franchise Priced to Sell

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF# 76931-495155 This blow dry bar business is one the top salon franchises available in the country, and it is a brand that is growing exponentially with locations all across the country and in Canada. The brand coined the term “blow dry bar,” which is a salon concept that offers no cuts or color but provides gorgeous blow outs, custom styling, updos, bridal styling, makeup services and even hair extensions. The stylists are paid hourly vs. a commission-based system, and at a successful location, licensed stylists can make up to $28-30 an hour. With some owner involvement, there is no need for full-time management, but the business does benefit and grow with a qualified front desk receptionist/supervisor. Any stylists who are promoted to supervisory positions can continue to generate revenue. In 2019 (the first year open), the business generated just at $100,000 in revenue, but with Covid and family obligations in 2020, the business struggled to grow in 2021. At a $75,000 price tag, any buyer could get this stunning business in its perfect location for approximately ¼ of what it costs to open a brand-new franchise of this blow dry bar. The business is situated in a busy, high-end strip in a premium North Dallas location , and any potential buyer could invest in marketing and hiring to see the revenue increase by 3 to 5 times depending on how many stylists and makeup artists are hired and also by including additional services like hair extensions. A salon this size in the franchise can generate $300,000-500,000 annually. The salon was built out in December of 2018, so all furniture, fixtures and equipment are in excellent condition and the custom millwork alone is worth well over $60,000. Royalties for this franchise are 6% with some required monthly marketing fees as well. There is also no mandatory franchise partner advertising requirement, although the franchisor encourages a small % of revenue be spent on local promotions. As stated, this location was built out in a busy and high-end strip center in North Dallas. The franchise fee alone to start this franchise ranges from $35,000-40,000, and with buildout costs and investment in high-end millwork plus chairs, fixtures and inventory, startup costs can be close to $400,000. The franchisor is extremely supportive and innovative with their franchisees, and they are perpetually working with local franchise partners to grow their locations and the brand. With a large network of corporate support and marketing, any new franchise partner would have the tools and knowledge to grow this business to profitability in short order. Any potential buyer could invest in marketing (Google Ads, Facebook, Instagram, etc.), add a variety of products for retail sale and add new services to see the revenue increase by 3-5X depending on how many additional stylists the buyer chooses to hire and services offered. Potential Sources of Sales and Revenue Growth Include: • Adding 3-6 stylists, including makeup artists • Retail product sales • Membership-based options to generate guaranteed monthly revenue in exchange for a set number of services per month. The franchise offers memberships, but any new franchise partner could grow • Growing the hair extension and makeup service portion of the business • Investing in marketing—Google Ads, Facebook, Instagram, Events Location: Dallas, Texas Number of Employees: 4 Real Estate: Leased Building Sq. Ft.: 960 Rent: $3,419.00 Per Month Lease Expiration: 8/3/2023