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How Drybar Went from Side Hustle to $255 Million Business

September 12, 2024
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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 cellular blowout facet hustle — so she would go to a consumer’s residence, blow-dry their hair, and magnificence it for $40. No haircuts or hair coloration.

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

Webb’s pitch was profitable and she or he quickly could not sustain with demand. She began fascinated by opening a brick-and-mortar location so her purchasers might come to her, as a substitute of her going to them.

Associated: Easy methods to Overcome Imposter Syndrome and Begin a Enterprise, In accordance with Gary Vee, a Serial Entrepreneur Value Over $200 Million

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

“He was somewhat perplexed, ‘Like, why cannot girls blow out their very own hair?'” Webb mentioned. “And I used to be like, you probably did develop up with me.” In earlier interviews, Webb shared that she had frizzy hair rising up and was “obsessed together 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 affords no cuts and no coloration.

Alli Webb. Photograph Credit score: Brian Stukes/Getty Photographs

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

Associated: The Aspect Hustle She Labored on in a Native Starbucks ‘Went From Nothing to $1 Million.’ Now It Will Make Over $30 Million This Yr.

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 mentioned. “Ladies had been coming in and fairly actually droves. I imply, we had been turning individuals away left and proper.”

Drybar grew to over 150 salons throughout the nation inside a decade. Webb ended up promoting Drybar’s product line to main client merchandise firm Helen of Troy for $255 million in money 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 turn out to be. When she opened her first store, she simply needed it to be a spot the place she might do what she cherished.

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

Associated: They Began a Dwelling-Primarily based Aspect Hustle Incomes As much as $20,000 a Month — and It is Nonetheless Rising: ‘Will By no means Get Outdated’



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