Drybar franchise research

Investment by format

Format-specific estimates only. Do not combine one format's minimum with another format's maximum.

Investment sourceFDD p.25 ↗

Franchise fees and ongoing costs

Franchise fee

$50,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review.

Royalty

7% · 7% of Gross Receipts, paid monthly on the 5th (franchisor may switch to weekly)

Marketing contribution

2% (basis not captured; see original filing)

Technology fee

$775 per month

Other fees

Local Advertising Fee $2,000/month; Annual conference registration $500 per person plus costs; Media licensing fees (actual annual costs)

Working capital (FDD Item 7)

Additional Funds (three months): $85,000 - $137,000 (payroll, lease payments, Local Advertising Fees, monthly technology fees and other operating expenses)

Fees sourceFDD p.15 ↗

Working capital is drawn from Item 7. The Investment source below locates the investment section, not an independently verified working-capital scalar.

Investment sourceFDD p.25 ↗

Franchise fee sourceFDD · page not captured ↗

Financial performance: Item 19

Item 19 captured

Yes

Metric / basis

2024 average and median revenue (Gross Receipts basis) by cohort (top 10, top third, bottom third, bottom 10, all, open 1+/3+/5+ years), plus non-member visits, new-client conversion %, and members

Reporting period

Calendar year 2024

Sample

146 US franchised shops open as of Jan 1, 2024 and operating all of 2024 (of 176 US franchised shops at 12/31/2024); excludes 13 shops that closed in 2024 and international shops

Reported average

$855,793

Reported median

$779,778

Owner income is not captured. Gross sales and EBITDA are not owner pay. Results depend on the disclosed metric, sample and period; consult the full filing.

Item 19 performance sourceFDD p.66 ↗

Unit growth: Item 20

Reporting year

2024

Scope

franchised outlets

Starting outlets

159

Year-end outlets

176

Net change

+17

Derivation

ending minus starting outlets

Openings

30

Terminations

13

Non-renewals

0

Other closures

0

Reacquisitions

0

Transfers

6

Transfers are not closures. Net change is ending minus starting outlets for the stated scope and year, or complete openings less terminations, non-renewals, other closures and reacquisitions. Missing inputs stay unknown.

Unit growth sourceFDD p.68 ↗

SBA loan history

Loan activity

25 approvals

Activity window

FY2021-FY2026 YTD; snapshot 2026-06-30

Median SBA loan

$650,000

Median loan window

FY2023-FY2026 YTD through 2026-06-30

Median loan sample

21 loans

Historical charge-off share

Suppressed: fewer than 10 seasoned loans

Cohort

7(a) FY2010-2019 approvals

Numerator / denominator

0 / 8

Formula

CHGOFF / (PIF + CHGOFF + EXEMPT) × 100

This is a historical loan-level share, not a franchise failure probability or location survival rate. Loan size is not total investment. Other loan statuses are excluded from the seasoned denominator. Activity combines 7(a) and 504 approvals, excluding canceled and not-funded records; this is not a rolling five-year count. FY2024-25 franchise tags are sparse after directory suspension; fewer tagged loans do not establish brand decline. Recent charge-off cohorts are immature.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median loan amounts are financing context, not startup cost. The median window is separate from the seasoned charge-off cohort.

Median SBA loan sourceSBA data · Jun 30, 2026 ↗

Questions before you invest

How much does Drybar franchise cost?

Single shop under Franchise Agreement (1,100-2,200 sq ft leased space, 8-12 chairs): $409,979 to $1,029,249 These are format-specific estimates, not a guaranteed cash requirement. Franchise fee: $50,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review..

Investment sourceFDD p.25 ↗

Franchise fee sourceFDD · page not captured ↗

How much do Drybar owners make?

Owner income is not captured. Gross sales and EBITDA are not owner pay. Item 19 metric: 2024 average and median revenue (Gross Receipts basis) by cohort (top 10, top third, bottom third, bottom 10, all, open 1+/3+/5+ years), plus non-member visits, new-client conversion %, and members. Sample: 146 US franchised shops open as of Jan 1, 2024 and operating all of 2024 (of 176 US franchised shops at 12/31/2024); excludes 13 shops that closed in 2024 and international shops. Period: Calendar year 2024.

Item 19 performance sourceFDD p.66 ↗

What's the SBA charge-off rate for Drybar?

Suppressed: fewer than 10 seasoned loans; numerator / denominator: 0 / 8. Historical 7(a) FY2010-2019 approvals; CHGOFF / (PIF + CHGOFF + EXEMPT) × 100, snapshot 2026-06-30. This is not a franchise failure probability. Median SBA loan: $650,000; window: FY2023-FY2026 YTD through 2026-06-30; sample: 21 loans. Median financing is not total investment.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median SBA loan sourceSBA data · Jun 30, 2026 ↗