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"A Word from V's Franchisees" |
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When Jim Valenzuela "V" opened the first V's Barbershop & Shoeshine in 1999, he simply wanted a traditional barbershop to take his son for a haircut. But what he found was something quite extraordinary — massive demand for a high-end, stylish, old-fashioned men's grooming establishment.
Word-of-mouth spread quickly among Phoenix's affluent. Before long, V was opening additional stores as fast as he could. He had hit on something that was not only unique and desirable, but also a replicable formula for success.
Almost since opening day of V's first shop, people have inquired about franchising the concept. Now, V is ready to make franchises available to select individuals who have the passion and commitment to spread V's brand of quality and excellence.
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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 franchise expansion.
- Since haircuts 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' haircutting, including those who call themselves "barbershops", have adopted a salon model. That is, they employ mostly cosmetologists to provide 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 barbershops 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!
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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 US 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 in 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.
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V's Barbershop Facts
- V's Barbershop opened its first shop in 1999.
- V's has eight stores located in Arizona and California
- 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 ownership to others by creating V's Barbershop Franchise, LLC and selling its first franchise in 2005.
- The franchise fee is $25,000 for a 10-year term with an option to renew.
- The royalty fee is 5%.
- The advertising fee is 3%.
- Your initial investment will vary by geographic region and shop size but is estimated to range between approximately $198,950 to $372,800. 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.
- Territory - Right of first refusal within 3 miles or 50,000 people. However, special locations such as airports, casinos and sports stadiums may be exempt from territorial exclusivity. More information about territories and all terms and conditions is available.
- V's comprehensive Owner's Manuals cover all aspects of developing, owning and operating your own V's Barbershop.
- V's Employee Handbook will guide your employees through the V's employment experience and covers all aspects of how to service your patrons.
- V's Training program will educate you on how to operate your V's Barbershops. All instructors have significant experience in the barbershop industry. You will spend time training in an operating V's Barbershop.
- V's state-of-the-art POS system allows for accurate check-out of patrons, appointment bookings, inventory management, employee scheduling and reporting. In fact, you can access reports for your V's Barbershop at any time and from any computer with broadband Internet capabilities.
- V's corporate staff and vendor partners stand ready and able to assist you in any way that we can.
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