The DRIPBaR: Franchise Cost, Fees, Profit and Data

The DRIPBaR is a nationwide intravenous (IV) therapy franchise that’s focused on helping people obtain their best health by taking their healthcare “beyond diet, exercise, and traditional medicine to support their physical, mental, and cellular wellness.”

Company overview

Founded in 2016, The DRIPBaR began franchising in late 2019 under the leadership of CEO Ben Crosbie. According to the brand’s website, The DRIPBaR currently has 102 locations in the United States, with another 600+ currently in development.

The DRIPBaR offers a semi-absentee business model with multiple revenue streams, including:

• Lifestyle Drips. These IV drips are targeted to younger clients (aged 25 and up) who are looking to increase their energy, boost their immunity, or recover from an overindulgent weekend.

• Health Services Drips. This treatment is geared towards older clients (aged 45 and up) who are looking for a proactive solution to potential health problems. These drips can be used to supplement cancer treatments and may be beneficial to those with Alzheimer’s and chronic illnesses.

• IM Quick Shots. For those who want to get in and out quickly, the intramuscular (IM) shot provides many of the same benefits as the IV drips in just a fraction of the time.

• Oral Supplements. The DRIPBaR offers supplemental treatments to augment its IV drips and shots.

• Additional Services. The DRIPBaR offers a range of services, from facials to saunas to weight loss, to go along with its primary treatments.

The brand chooses its locations strategically, placing them near complementary, high-traffic businesses like Starbucks, Massage Envy and Orange Theory.

Financial performance

Item 19 of the brand's 2022 Franchise Disclosure Document (FDD) reports the earnings of a single DRIPBaR location that has been in operation since 2016. According to the FDD, the gross revenue for FY 2021 for this location was $802,961.

The DRIPBaR franchise does not make any promises or guarantees regarding franchise owners' earnings.

Investment requirements

The estimated initial investment required to open a DRIPBaR franchise is between $142,125 and $404,800. According to the brand's 2022 Franchise Disclosure Document (FDD), these costs include:

Franchisees must have a minimum net worth of $300,000 and liquid capital of $125,000, as well as a 700+ credit score.

The DRIPBaR is on the SBA-approved franchise list.

The franchise fee required to open a DRIPBaR location is $55,000, which must be paid to the franchisor. Veterans and first responders receive a $5,000 discount.

The DRIPBaR also charges a monthly 7% royalty fee and 1% national marketing fund fee.

• Ben Crosbie – Chief Executive Officer

• Lou Imbriano – Chief Marketing Officer

• Kory Angelin – President

• Wellness Market Leaders Join Forces: The DRIPBaR Powered by REVIV

• The DRIPBaR Partners with Original Shark Kevin Harrington

• The DRIPBaR Franchise System Preview [Video]

• This IV Drip Bar Helped Us Cope with SXSW and Austin Festival Life

• Ben Crosbie: Franchise Entrepreneur and CEO of DRIPBaR

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