The Drip Bar Franchise – Costs, Fees & Earnings Statistics
Net Worth Requirement:
Units in Operation:
$132,000 - $278,000
The Drip Bar Franchise is becoming a popular IV therapy services brand focusing on cellular health and is known for its infusion cocktails.
It was founded in 2016 and has over 30 locations. It’s a leading brand and is opening more franchise locations in cities across the country.
Is the Drip Bar a franchise or chain?
The Drip Bar is a franchise that started in 2016 and began franchising in 2019. The company is growing and locations are popping up rapidly. The Drip Bar is known for its innovative approach to health, offering a wide range of vitamin cocktails. In addition, they offer IV lifestyle drips, IV health support Drips, IM (Intramuscular) quick shots, along with mobile services.
The Drip Bar offers IV vitamin infusion therapy which is a fast-growing segment of the alternative health industry. The business is cash-based but also takes FSA and HSA cards. The Drip Bar offers corporate support, great locations, and a winning business model. It’s early in this new era of IV bars and users want the best health.
How Many Drip Bar franchises are there?
According to the Drip Bar website, there are currently over 30 franchises in operation across the United States, and the company is based in Rhode Island. They serve IM quick shots, lifestyle drips, health supplement drips as well as oral supplements.
Some of DripBar’s offerings include Pre-op, Post-op, Time Machine, High C, and others. The DripBar also offers monthly membership plans starting from a regular price of $179 – $349. It’s delivering individualized treatment in an emerging industry.
How much does a DripBar franchise cost?
Starting a DripBar franchise can be a great way to get into alternative health. It’s a cash-based business, which can be one of the key business advantages as it offers cash base intravenous treatments.
With advances in intravenous therapies, health and lifestyle treatments are one of the growing health care services currently in demand.
How much does it cost to start a DripBar franchise? The cost to open a DripBar franchise is anywhere from $131,700 – $278,300. It also covers the cost of training, support from the DripBar team, initial inventory and equipment, as well as customer relations marketing materials.
Of course, you’ll also need to factor in the cost of renting a suitable location for your DripBar franchise. Starting a DripBar franchise could be a great way to realize your dream of owning your own IV bar that is focused on client health.
What is the DripBar franchise fee?
The DripBar franchise fee is $55,000, which gives you the right to use the DripBar name and logo. This includes the cost of initial supplies and equipment, as well as training and support from the DripBar team. In addition to the franchise fee, franchisees are responsible for utilities, insurance, and other ongoing expenses.
However, because the DripBar concept is relatively simple and franchisees can expect to see a healthy return on their investment. With the growing demand for health supplement options, the DripBar franchise is an exciting opportunity for entrepreneurs in the health industry.
How much do DripBar franchise owners make?
DripBar is a franchise opportunity that has been gaining popularity in recent years. The company offers a unique product: IV health cocktails. It has also been expanding with new locations popping up all over the country. But what does it take to be a successful DripBar franchise owner? And how much can you expect to make?
Note: the gross revenue above only accounts for gross revenue from the sales of IV therapy services, not retail products. The location also operates in a 2,000 sq ft facility, whereas franchisees are expected to operate in 1,000 – 1,500 sq ft retail spaces.
In terms of earnings potential, DripBar franchisees can expect to generate healthy profits. The company reports that its franchises have an average annual revenue of $570,900 and an average net income of $285,100.
Coming out of the revenue is a 7% royalty and a 1% fee for the national marketing fund. Some of the ideal locations are near a Starbucks, Orange Theory, or a Massage Envy.
Other figures to note are the minimum liquid capital required, which is $125,000, and a minimum net worth of $300,000. Also, there is a minimum credit score of 700.
Of course, earnings will vary depending on factors such as location and operating expenses. But with a great business model and strong demand for its products, the DripBar franchise offers a great business opportunity for entrepreneurs.
The Wolf’s Take 🍟
This is the second IV therapy franchise I’ve covered – after covering Hydrate IV Bar in Week 6 of my franchise newsletter.
Both franchises are new (each of them was founded in 2016), and the growth of IV bars, in general, is still in the early innings from a national standpoint. The DripBar has a lower investment than Hydrate IV, topping out at $278k compared to $381k.
While it’s a small sample size with just 1 location, the business has grown steadily even through covid and returns above $200k after accounting for all expenses.
I’m unsure of the longevity of this business as the medical community is unclear on the value they provide, but from a consumer standpoint, there seems to be major buy-in wherever these locations are present!
The Drip Bar franchise is a unique opportunity to get involved in the alternative health industry. The Drip Bar has something for everyone. With lower start-up costs than many other franchises and a winning business model, The Drip Bar is a great way to get your feet wet in the world of franchising.
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