Starting, owning and operating any business is not easy! Most are under the impression that being "self employed" means not being employed at all. It's the complete opposite! The "self employed" are the most "employed"! Our job doesn't end at 5pm. Not having an official boss or authority figure does not mean you're free to do whatever you want.
I have a boss. You are my boss. Every team member, client and critic is my authority figure and my boss. I work for you! You have the power to fire me or promote me, kill me off or make me a success, pay me or not.
I've always believed the key characteristic of the self employed is fearlessness, it might some times be stupidity but hopefully not. Every business I've ever started followed the same routine, idea, excitement, execution, learning. I've always operated under the motto of Ready! Fire! Aim! Some have succeeded, some failed but all taught me a lesson. Not everyone can allow themselves the risks I've allowed myself, the time, the effort or the financial investments.
"It's really a transition; the blowdry has become the 21st-century version of a wash and set. It's the new beauty ritual, and it's going to be around for a long time."
http://phillystylemag.com/style/articles/the-blowout-boom#dxKxUCsodFrGt9KH.99
Therefore, I have built a system that allows everyone to be a business owner without the investments of time and effort. There is still a bit of risk but what would be the fun without the risk?
I built BLO/OUT Blow Dry Bar from the ground up and I can tell anyone who asks that this is absolutely my favorite business of all time! I love the industry, the people, the concept, the finances and most of all the clientele and their feedback.
Running a blow dry bar is not easy. Dealing with the finances, operations, marketing, human resources, talent retention, client satisfaction, referral systems, organizational structure, government oversight, taxes, contracts, leases, partnerships, joint ventures, products, tools and a million other details. It is however lucrative, exciting, interesting, entertaining, and completely gratifying!
Given that this business is growing exponentially very quickly and has the potential to grow even faster I've developed a plan to allow anyone to be a part owner of any new BLO/OUT location. By selling shares of a specific BLO/OUT location I'm allowing individuals that would never venture on their own to build this type of business to be part owners of a growing organization with a strong structure, strong reputation and tremendous opportunity for further expansion.
"Consumers are stretching out the time between haircuts and cutting back on higher-priced—and higher profit—services such as coloring and permanent straightening treatments, says Caitlin Moldvay, industry research analyst at market research firm IBISWorld"
The Wall Street Journal, September 28, 2011
I've made it pretty simple and relatively cheap. Our investors are not asked to participate in any way other than spread the good word of BLO/OUT. We've built a successful prototype with our Huntingdon Valley location and now that we are venturing into the city of Philadelphia and other soon to be announced locations we are ready to give you a piece of us.
BLO/OUT – Blow Dry Bar is offering per location ownership opportunities at a cost of $2,000.00 per share with a 5% minimum purchase. Each share equals 1.00% of the location specific corporation out of 100.00%. With 40.00% to be sold, the remaining 60.00% will be owned by Blo Out LLC the creator and driving force behind the concept and the operational partner responsible for 100% of the daily operations and the success of BLO/OUT. Investors are not required to participate in the creation, operation or management of BLO/OUT in any way. BLO/OUT will in no way require any contribution of time or effort of any investors.
So obviously there is the financial aspect of owning a BLO/OUT Blow Dry Bar, we make money - you make money. We grow, you grow. We have a pretty modest goal here at BLO/OUT. We plan on establishing at least 5 locations before considering a franchise model or an exit. The popularity of our service along with its convenience can allow us to place a location every few blocks and still be successful. Our planned locations include Olde City, Center City (Liberty Place), Rittenhouse, University City, Main Line, Manayunk, Atlantic City NJ, Margate NJ, Sunny Isles FL, etc...
We've had so much positive feedback and interest that we've wanted to open it up to the public and give every one of our fans a chance at ownership. Those of us in the beauty industry truly know the potential BLO/OUT has.
"Drybar, the barely two-year-old "blow-dry-only" start-up, has closed a $16 million investment from Boston-based private equity fund Castanea Partners. Drybar broke even on sales of $1 million in its first 10 months, according to a 2011 Inc. profile"
So... The way I look at it is me giving you all my experience, my failures, my successes, my sleepless nights, my 18 hour days, my sweat, my tears, and my blood and letting it work for you. Does it get easier?
We're obviously going to build these locations and grow one way or another but with this plan we're offering to take you with us!
This is crowdfunding at its finest! Allowing anyone to own a share of you and your baby is scary, but then again I'm either fearless or stupid. Let's hope its not the latter.
To setup a meeting or request a full prospectus email us at: IWantIn@BloOut.com
Yours,
Avi.
Founder
Blo/Out Blow Dry Bar
