Franchise Facts

V’s Barbershop Facts

• V’s Barbershop opened its first shop in 1999.
• V’s has eleven classic barber shops located in Arizona, California, Indiana, Texas and Washington with Missouri and New Jersey opening soon.
• V’s Barbershops are upscale venues that resonate with successful men who value appearance and take pride in their grooming habits. There is no “quick cut” or beauty salon feel to any V’s Barbershops.
• After numerous requests and customer feedback from all over the U.S., V’s offers the opportunity of owning a franchise to others by creating V’s Barbershop Franchise, LLC and selling its first franchise in 2005.
• This is a recession resistant business model. After all, hair keeps growing.
• Simple to operate – Keep your job and control your own destiny.
• The franchise fee is $30,000 for a 10-year term with an option to renew.
• The royalty fee is 5% of gross sales up to $500,000 then 2 1/2% of gross sales above $500,000.
• The advertising fee is 3%.
• Your initial investment will vary by geographic region and shop size but is estimated to range between approximately $170,500 to $375,000. This includes all costs to open a V’s — the franchise fee listed above, the real estate and build-out costs, operating expenses for the first 3 months—everything including the barber sink.

Industry Facts

• Men’s grooming is the fastest growing segment of the grooming industry.
• Growing faster than the US economy, the hair care industry offers a stable foundation for store performance and barbershop franchise expansion.
• Since hair cuts are not a commodity-priced service, price increases can be maintained.
• The industry is currently dominated by mom and pop shops and low price convenience shops.
• Most current chains targeting mens’ and boys’ hair cuts, including those who call themselves “barber shops”, have adopted a salon model. That is, they employ mostly cosmetologists to provide barber shop services and do not include shaving or men’s facials as part of their service offerings. The only thing that they have in common with real barber shops is that they have targeted men and boys as their customers.
• Demographic trends suggest that baby boomers will have a great impact on the economy. They are at their peak earning potential and value life’s small luxuries. Most have to be properly groomed and look good for work and tend to turn conservative as they age. That just described the V’s customer!

This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. There are 15 states in the United States that regulate the offer and sale of franchises. The states are California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of one of these states, are receiving this message in one of these states or intend to operate a franchise in any of these states, we will not offer you a franchise unless and until we have complied with any applicable pre-sale registration and/or disclosure requirements in the applicable state.