The DripBar Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$55,000
Investment required
$142,000 - $405,000
Royalty fee
7.00%

The DRIPBaR: Pioneering IV Vitamin Therapy Since 2016

Founded in 2016 in Warwick, Rhode Island, The DRIPBaR has emerged as a leader in intravenous (IV) vitamin therapy, emphasizing cellular health to enhance overall well-being. By delivering essential nutrients directly into the bloodstream, The DRIPBaR offers treatments aimed at boosting energy, strengthening immunity, and promoting recovery.

The company began franchising in late 2019 and has since experienced significant growth. As of 2024, The DRIPBaR operates over 100 locations across the United States, with more than 600 additional sites in development. This rapid expansion reflects the increasing demand for proactive health services.

The DRIPBaR differentiates itself by providing a diverse range of IV Lifestyle Drips and Health Support Drips, catering to clients seeking to enhance vitality or support chronic health conditions. The franchise also offers intramuscular (IM) Quick Shots and additional services like red light therapy and infrared saunas, delivering a comprehensive approach to wellness. This commitment to personalized, preventative healthcare distinguishes The DRIPBaR in the burgeoning IV therapy industry.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee $50,000 - $55,000
Lease Deposit and Payment $2,500 - $5,000
Utility Deposits $500 - $1,000
Grand Opening Marketing $6,500 - $11,500
Initial Inventory $5,000 - $6,000
Furniture, Fixtures, & Equipment $10,000 - $50,000
Computers & Office $1,500 - $3,000
Leasehold Improvements/Buildout $25,000 - $200,000
Architectural & Engineering Services $8,400 - $11,000
Retail and Promotional Inventory $2,000 - $5,000
Signage $12,000 - $18,000
Business Insurance $1,125 - $2,500
Permits and Licenses $100 - $800
Professional Fees $2,500 - $5,000
Travel and Living Expenses While Training $0 - $1,000
Additional Funds – 3 months $15,000 - $30,000
TOTAL $142,125 - $404,800

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Number of units

2023
Franchised units

0

11

40

Company-owned units

1

1

1

Total units

1

12

41

Franchise Disclosure Document

Training

The DripBar franchisor provides an initial training program designed to prepare franchisees and their key personnel for operating a DripBar business. This program typically takes place within 60 days of the scheduled opening date and includes both virtual classroom sessions and on-the-job training.

The training covers a wide range of topics, including branding, compliance with regulations, operational guidelines, marketing strategies, and specific medical procedures if required by state laws. The franchisor may adjust the duration or content of the training based on the skill level of the participants.

Additionally, ongoing training opportunities are provided to familiarize franchisees with updates to the system, and the franchisor may occasionally require employees to attend supplemental training.

All training materials are proprietary, and successful completion of the program is mandatory before opening a franchise location. Failure to complete the training may result in a delay in opening or even termination of the franchise agreement.

Territory Protection

The DripBar franchisor provides franchisees with a designated territory, defined as either a three-mile radius or an area with a population of 100,000, whichever is smaller.

While the franchisor will not establish another franchise location within this territory, franchisees may still face competition from other marketing channels or adjacent territories.

The franchisor also reserves the right to operate or authorize competing businesses outside the defined territory, which may include businesses under different marks. This structure offers limited protection while allowing the franchisor flexibility to grow the brand.

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