V's Barbershop Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$30,000
Investment required
$316,000 - $592,000
Royalty fee
3.5% to 5%

V's Barbershop: Reviving the Classic Barbershop Experience with Modern Flair

V's Barbershop stands out as a franchise that masterfully combines the charm of traditional barbershops with contemporary practices. Established in November 1999, the inaugural V's Barbershop & Shoeshine® made its debut in Phoenix, Arizona. Shortly thereafter, the brand began franchising, offering a unique business model within the barbershop sector.

Based in Phoenix, V's Barbershop provides a wide range of grooming services tailored mainly for men and boys. These services include classic and short haircuts, straight razor shaves, and head and neck massages. The ambiance of their barbershops is authentic, featuring vintage barber chairs and decor reminiscent of the iconic American barbershop.

V's Barbershop distinguishes itself from the competition by faithfully recreating the nostalgic barbershop experience. The shops are designed to be upscale, attracting clients who seek high-quality grooming in an elegant yet traditional atmosphere.

Unlike many contemporary salons or quick-service haircut establishments, V's prioritizes a personalized and luxurious grooming experience. This strategy has enabled them to carve out a unique niche in the grooming industry, appealing to customers who value a blend of tradition and excellence.

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 $30,000 - $30,000
Initial Training Fee $0 - $5,000
Initial Real Estate Expenses $2,500 - $14,500
Travel & Living Expenses While Training $0 - $2,000
Your Attorneys’ Lease Review Fee $5,000 - $5,000
Space Planner Fee $950 - $1,550
Architect Fees $5,000 - $12,000
Project Management Fees $0 - $30,000
Leasehold Improvements $125,000 - $222,000
Furniture, Fixtures, Equipment, in-store artwork and signage $119,800 - $201,900
Computer Hardware and Software $3,500 - $6,500
Initial Barber Supplies and Inventory $15,000 - $20,000
Employee Uniforms $250 - $1,000
Grand Opening Advertising $5,000 - $5,000
Initial Insurance Premiums $200 - $1,000
Permits and Licenses $500 - $2,000
Utility Deposits & Installation $500 - $1,500
Miscellaneous $1,500 - $6,000
Additional Funds/Working Capital-3 months $1,500 - $25,000
Total $316,200 - $591,950

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Number of units

2023
Franchised units

47

53

54

Company-owned units

0

0

0

Total units

47

53

54

Franchise Disclosure Document

Training 

V's Barbershop Franchise provides a comprehensive training program that covers all aspects of running a successful barbershop. The key components of their training program include:

  1. Pre-Opening Training: This phase includes guidance on site selection, hiring staff, and setting up the barbershop. V's provides detailed manuals with step-by-step instructions on everything from choosing a location to equipping the shop with necessary tools like barber chairs, cabinetry, and other essential items.
  2. Operational Training: Franchisees receive thorough training on the day-to-day operations of the barbershop. This includes using their state-of-the-art computer system for managing bookings, sales, and inventory. This training ensures that franchisees can efficiently run their business and provide high-quality service.
  3. Employee Training: While the professional training of licensed barbers is not included, V's assists in recruiting and training staff in the specific services and standards expected in their barbershops. This includes training on traditional barbering techniques such as haircuts, shaves, and facials.
  4. Marketing Support: V's Barbershop offers extensive marketing support, including ready-to-use advertising materials for print, TV, email, and social media campaigns. They also provide strategies for local store marketing and community engagement to help franchisees attract and retain customers.
  5. Ongoing Support: The support doesn't stop after the initial training. V's Barbershop offers continuous support through their experienced management team, ensuring franchisees have access to ongoing guidance and resources to maintain and grow their business.

Territory Protection

V's Barbershop franchise system does not grant exclusive territory protection to its franchisees. This means franchisees may encounter competition from other V's Barbershop franchisees or franchisor-owned outlets, even within their designated operational areas.

Additionally, the franchisor reserves the right to market and operate V's Barbershops through various channels, including online platforms and non-traditional locations, within the franchisee's territory.

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