V's Barbershop Franchise LLC

At a Glance

Products & Services: Upscale men's barbershop

Number of Locations: 21

Total Investment: $169.8K - $339.3K

Founded: 1999

Began Franchising: 2005

About V's Barbershop Franchise LLC

V's Barbershop was inspired by founder Jim Valenzuela's fond memories of going to barber shops with his father, and his desire to recreate that experience with his own son. He opened his first shop in 1999, and in 2005, he began franchising. V's Barbershops offer hair cutting, shaving, massages and facials.

Franchise Units

Year U.S. Canadian International Company Owned
2014 19 0 0 2
2013 17 0 0 2
2012 13 0 0 3
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $169,750 - $339,250
Franchise Fee: $22,500 - $30,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: $5,000 off franchise fee
Financial Requirements
Net Worth: $400,000
Liquid Cash Available: $100,000 - $150,000
Operations
Number of employees needed to run franchised unit: 5 - 9. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).

How This Franchise Supports Franchisees

Training: Available at headquarters. At franchisee's location: 2 days. At an existing shop
Ongoing Support: Newsletter, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Ad slicks, Regional advertising,

Franchise Ranking History

Franchise 500®: #384 (2013),