Hottest New Franchises
2015
When Jim Valenzuela "V" opened the first V's Barbershop & Shoeshine in 1999, he simply wanted an old fashion barber shop to take his son to for a haircut. But what he found was something quite extraordinary—massive demand for an upscale, stylish, traditional men's grooming establishment. There is no "quick cut" or beauty salon feel to any V's Barbershops. With sixteen classic barber shops located in over four states and continuing to grow, V's Barbershop capitalizes on the previously neglected demographic of successful men who value appearance and take pride in their grooming habits. In filling such a demand, V's Barbershop is at the forefront of the fastest growing segment of the grooming industry.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2013 | 18 | 28.57% | 2 | 0.0% | 20 | 25.0% |
| 2012 | 14 | 16.67% | 2 | -33.33% | 16 | 6.67% |
| 2011 | 12 | -- | 3 | -- | 15 | -- |
Investment Required
The initial fee for your first V's Barbershop franchise is $30,000. Existing franchisees wishing to purchase no less than two additional franchise agreements will pay $22,500 each. V's Barbershop provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Established Low Range | Established High Range |
|---|---|---|
| Initial Franchise Fee | $22,500 | $30,000 |
| Training Fee | $0 | $2,000 |
| Travel & Living Expenses While Training | $0 | $2,000 |
| Your Attorneys' Lease Review Fee | $4,500 | $4,500 |
| Space Planner Fee | $750 | $750 |
| Architect Fees | $2,000 | $6,000 |
| Initial Real Estate Expenses | $2,500 | $12,500 |
| Leasehold Improvements | $30,000 | $100,000 |
| Furniture, Fixtures, Equipment, and Signage | $105,000 | $135,000 |
| Computer Hardware and Software | $5,500 | $5,500 |
| Initial Barber Supplies and Inventory | $11,500 | $12,500 |
| Employee Uniforms | $250 | $500 |
| 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 | $2,250 | $7,125 |
| Additional Funds/Working Capital (3 Months) | $1,500 | $25,000 |
| Total Initial Investment | $194,450 | $352,875 |
Ongoing Expenses
V's Barbershop franchisees pay ongoing royalty fees equal to 5% of gross sales up to $500,000 or 2.5% of gross sales above $500,000, plus a weekly advertising payment ranging from 1-3% of gross sales.
What You Get: Training and Support
Franchisees receive training that covers all aspects of operating the barber shop from pre-opening, operating, and employee training. V's has created comprehensive, detailed manuals with step-by-step instructions on everything from how to select a site, how to hire and pay barbers, to V's distinguished approach to haircuts, shaves, and facials. Franchisees also learn how to operate V's Barbershop's state-of-the-art computer system, and how to market V's Barbershop. Franchisees will have access to pre-selected vendors for barber chairs, cabinetry, artwork, towel warmers, shaving cream, straight razors, and any other necessities.
Territory
V's Barbershop does not grant exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2014 FDD.
2014
When Jim Valenzuela "V" opened the first V's Barbershop & Shoeshine in 1999, he simply wanted an old fashion barber shop to take his son to for a haircut. But what he found was something quite extraordinary—massive demand for an upscale, stylish, traditional men's grooming establishment. There is no "quick cut" or beauty salon feel to any V's Barbershops. With sixteen classic barber shops located in over four states and continuing to grow, V's Barbershop capitalizes on the previously neglected demographic of successful men who value appearance and take pride in their grooming habits. In filling such a demand, V's Barbershop is at the forefront of the fastest growing segment of the grooming industry.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2012 | 14 | 16.67% | 2 | -33.33% | 16 | 6.67% |
| 2011 | 12 | 50.0% | 3 | 0.0% | 15 | 36.36% |
| 2010 | 8 | -- | 3 | -- | 11 | -- |
Investment Required
The initial fee for a V's Barbershop franchise is $30,000. V's Barbershop provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Established Low Range | Established High Range |
|---|---|---|
| Initial Franchise Fee | $25,000 | $30,000 |
| Training Fee and Expenses while Training | $0 | $4,000 |
| Initial Real Estate Expenses | $2,500 | $12,500 |
| Attorneys' Lease Review Fee | $2,500 | $3,500 |
| Space Planner Fee | $750 | $750 |
| Architect's Fee | $2,000 | $6,000 |
| Leasehold Improvements | $30,000 | $85,000 |
| Furniture, Fixtures, Equipment, Computer Hardware and Software and Signage | $84,000 | $138,000 |
| Initial Barber Supplies and Inventory | $12,500 | $14,000 |
| Employee Uniforms | $300 | $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 |
| Misc. Expenses | $2,000 | $5,000 |
| Additional Funds (3 Months) | $1,500 | $25,000 |
| Total Initial Investment | $169,250 | $334,250 |
Ongoing Expenses
V's Barbershop franchisees pay ongoing royalty fees equal to 5% of gross sales up to $500,000 or 2.5% of gross sales above $500,000, plus an advertising payment equal to 3% of gross sales.
What You Get: Training and Support
Franchisees receive training that covers all aspects of operating the barber shop from pre-opening, operating, and employee training. V's has created comprehensive, detailed manuals with step-by-step instructions on everything from how to select a site, how to hire and pay barbers, to V's distinguished approach to haircuts, shaves, and facials. Franchisees also learn how to operate V's Barbershop's state-of-the-art computer system, and how to market V's Barbershop. Franchisees will have access to pre-selected vendors for barber chairs, cabinetry, artwork, towel warmers, shaving cream, straight razors, and any other necessities.
Territory
V's Barbershop does not grant exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2013 FDD.
2012
When Jim Valenzuela "V" opened the first V's Barbershop & Shoeshine in 1999, he simply wanted an old fashion barber shop to take his son tofor a haircut. But what he found was something quite extraordinary—massive demand for an upscale, stylish, traditional men's grooming establishment. There is no "quick cut" or beauty salon feel to any V's Barbershops. With eleven classic barber shops located in Arizona, California, Texas and Washington, and two additional stores opening soon, V's Barbershop capitalizes on the previously neglected demographic of successful men who value appearance and take pride in their grooming habits. In filling such a demand, V's Barbershop is at the forefront of the fastest growing segment of the grooming industry.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2010 | 8 | 33.33% | 3 | 0.0% | 11 | 22.22% |
| 2009 | 6 | 0.0% | 3 | 0.0% | 9 | 0.0% |
| 2008 | 6 | -- | 3 | -- | 9 | -- |
Investment Required
The initial fee for a V's Barbershop franchise is $30,000. V's Barbershop provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Established Low Range | Established High Range |
|---|---|---|
| Initial Franchise Fee | $30,000 | $30,000 |
| Expenses While | $500 | $2,000 |
| Initial Real Estate Expenses | $2,500 | $12,500 |
| Attorneys' Lease Review Fee | $2,500 | $2,500 |
| Architect's Fee | $7,500 | $10,000 |
| Leasehold Improvements | $30,000 | $85,000 |
| Furniture, Fixtures, Equipment, Computer Hardware and Software and Signage | $75,000 | $100,000 |
| Initial Barber Supplies and Inventory | $9,000 | $12,000 |
| Employee Uniforms | $300 | $1,000 |
| Grand Openings Advertising | $5,000 | $5,000 |
| Initial Insurance Premiums | $200 | $1,000 |
| Permits and Licenses | $1,000 | $2,000 |
| Utility Deposits & Installation | $500 | $1,500 |
| Misc. Expenses | $5,000 | $5,000 |
| Additional Funds (3 Months) | $1,500 | $25,000 |
| Total Initial Investment | $170,500 | $294,500 |
Ongoing Expenses
V's Barbershop franchisees pay ongoing royalty fees equal to 5% of gross sales up to $500,000 or 2.5% of gross sales above $500,000, plus an advertising payment equal to 3% of gross sales. Additional fees payable by the franchisee include a grand opening advertising payment.
What You Get: Training and Support
Franchisees receive training that covers all aspects of operating the barber shop from pre-opening, operating and employee training. V's has created comprehensive, detailed manuals with step-by-step instructions on everything from how to select a site, how to hire and pay barbers to V's distinguished approach to haircuts, shaves and facials. Franchisees also learn how to operate V's Barbershop's state-of-the-art computer system, and how to market V's Barbershop. Franchisees also gain access to pre-selected vendors for barber chairs, cabinetry, artwork, towel warmers, shaving cream, straight razors, and any other necessities.
Territory
V's Barbershop does not grant exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2011 FDD.
