Popular Brand Name Blow Dry Bar in Vernon Hills, IL
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. With a solid plan of action, the seller purchased this location in early 2023. The seller is a franchise partner in the system who owns two very successful locations of the brand in Indiana, however, the four-hour commute proved to be too difficult for her family dynamic and the business needs a local owner/operator to best maximize it’s growth. With a hands-on owner/operator involved in hiring and local marketing, this business should thrive. After an initial “boots on the ground” ownership approach, this model can easily be semi-absentee as well. The seller herself can lay out for any new owner exactly how to successfully hire and grow the top line revenue and the bottom line SDE. The business was acquired originally as a closed business with no staff or inventory and the seller reopened the location in April 2023. From April through December of 2023, the business generated $163,138 in revenue. When examining the financials, a buyer should note that expenses related to reopening will not repeat.
This well-known franchise 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. Any stylists who are promoted to supervisory positions can continue to generate revenue. A buyer will need to continue to build the business with hiring and marketing, but there is a good foundation and excellent operations and marketing support from the franchisor.
At a $25,000 price tag, any buyer has the incredible opportunity to own and build a business for a fraction of what it costs to open a brand-new franchise of this blow dry bar. The business is situated in a busy, high-end and trendy shopping area, and the modern buildout of the salon is in excellent condition. The salon was built out in 2019, and all furniture, fixtures and equipment are in excellent condition, and the custom millwork alone is worth well over $60,000.
