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    Home»Passive Income

    How Drybar Went from Side Hustle to $255 Million Business

    SwankyadminBy SwankyadminSeptember 11, 2024 Passive Income No Comments3 Mins Read
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    Alli Webb spent her twenties working in hair salons. When she moved to Los Angeles and have become a stay-at-home mother, she began a cell blowout side hustle — so she would go to a shopper’s residence, blow-dry their hair, and magnificence it for $40. No haircuts or hair shade.

    “I obtained tons of shoppers,” Webb told entrepreneur Jeff Berman on the Masters of Scale podcast earlier this month. Her first pitch was to different mothers on a Yahoo group. It read: “I am a stay-at-home mother and a longtime hairstylist. I am going to come over and blow out your hair for under $40 whereas your infants are sleeping.”

    Webb’s pitch was profitable and she or he quickly could not sustain with demand. She began excited about opening a brick-and-mortar location so her shoppers might come to her, as an alternative of her going to them.

    Associated: How to Overcome Imposter Syndrome and Start a Business, According to Gary Vee, a Serial Entrepreneur Worth Over $200 Million

    Her brother, former Yahoo advertising director Michael Landau, was prepared to assist financially again the enterprise, although he did have some questions at first.

    “He was a little bit perplexed, ‘Like, why cannot ladies blow out their very own hair?'” Webb stated. “And I used to be like, you probably did develop up with me.” In previous interviews, Webb shared that she had frizzy hair rising up and was “obsessed with her hair.”

    Landau was lastly satisfied by the success that Webb noticed in her facet hustle. He invested $250,000 whereas Webb and her then-husband Cameron Webb put of their financial savings of about $50,000. In 2010, the founding group opened the primary Drybar salon in Brentwood, California. It famously provides no cuts and no shade.

    Alli Webb. Picture Credit score: Brian Stukes/Getty Photos

    Although Drybar’s salons provided a restricted vary of hair companies — simply the wash, blowout, and magnificence — Webb says that she wasn’t involved concerning the enterprise mannequin. What she wished was quantity: 30 to 40 blowouts per day to interrupt even.

    Associated: The Side Hustle She Worked on in a Local Starbucks ‘Went From Nothing to $1 Million.’ Now It Will Make Over $30 Million This Year.

    Demand ended up doubling expectations — to 60 to 80 blowouts per day.

    “We realized in a short time, like throughout the first few days, [that] we had captured lightning in a bottle,” Webb stated. “Girls have been coming in and fairly actually droves. I imply, we have been turning folks away left and proper.”

    Drybar grew to over 150 salons throughout the nation inside a decade. Webb ended up selling Drybar’s product line to main shopper merchandise firm Helen of Troy for $255 million in cash in 2020. WellBiz Manufacturers acquired the franchise rights to Drybar salons in 2021 for an undisclosed sum.

    Webb could not have imagined what Drybar would develop into. When she opened her first store, she simply wished it to be a spot the place she might do what she cherished.

    “I used to be actually enthusiastic about it and never considering I used to be going to show it into this huge multi-million-dollar blowout empire,” she stated.

    Associated: They Started a Home-Based Side Hustle Earning Up to $20,000 a Month — and It’s Still Growing: ‘Will Never Get Old’

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