- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$153K - $228K
- Units as of 2022
-
6 0.0% over 3 years
Company Overview
About MVP Modern Barbers
| Industry | Personal-Care Businesses |
|---|---|
| Related Categories | Hair Care |
| Founded | 2004 |
| Parent Company | 1529053 Alberta Ltd. |
| Leadership | Brian Bonsma, Pres & COO |
| Corporate Address |
258 Desert Cove Vernon, BC V1H 1Z1 |
| Social |
Business Overview
| Franchising Since | 2010 (14 years) |
|---|---|
| # of employees at HQ | 4 |
| Where seeking |
This company is offering new franchises in the following international regions: Canada |
| # of Units | 6 (as of 2022) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a MVP Modern Barbers franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$32,500 |
|---|---|
|
Initial Investment
|
$152,617 - $227,683 |
|
Net Worth Requirement
|
$500,000 |
|
Cash Requirement
|
$75,000 |
|
Royalty Fee
|
$400/wk. |
|
Term of Agreement
|
5 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | MVP Modern Barbers has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 40 hours |
|---|---|
| Classroom Training | 40 hours |
| Ongoing Support |
Purchasing Co-ops
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
|
Are exclusive territories available?
|
Yes |
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