The Lemon Tree vs V's Barbershop Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The Lemon Tree vs V's Barbershop including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
The Lemon Tree Franchise
V's Barbershop Franchise
Investment $161,206 - $232,572$192,700 - $423,100
Franchise Fee $32,500$30,000
Royalty Fee 6%3.5%-5%
Advertising Fee -1% - 3%
Year Founded 19741999
Year Franchised 19762005
Term Of Agreement 15 years10 years
Term Of Agreement 15 years10 years
Renewal Fee --


Business Experience Requirements
 
The Lemon Tree Franchise
V's Barbershop Franchise
Experience --

Financing Options
 
The Lemon Tree Franchise
V's Barbershop Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees Yes/NoNo/No
Start-up Costs No/NoNo/No
Equipment Yes/NoNo/No
Inventory No/NoNo/No
Receivables No/NoNo/No
Payroll No/NoNo/No

Training & Support
 
The Lemon Tree Franchise
V's Barbershop Franchise
Training Additional training available as neededYou don't have to be a barber! You'll receive a week of on-site training plus 3 separate step-by-step manuals on how to open and operate your shop.
Support Meetings, Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperativesA Team of Experts � The V's management team have a combined 50 years experience in the barbering industry and another 40 years experience in business management and consulting. We're here to help you. It's a Barbershop! A business investment has never before been this fun.
Marketing Co-op advertising, Ad slicks, National media, Regional advertisingThe V's Buzz - Newspapers, magazines and television networks are already reporting on the success of V's Barbershop. The end result is powerful brand recognition that delivers dynamic results for our franchisees.

We provide In-store promotions, direct mail, email campaigns, print advertising and more.
Operations 15% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 5 - 10

Absentee ownership of franchise is NOT allowed. (60% of current franchisees are owner/operators)

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Expansion Plans
 
The Lemon Tree Franchise
V's Barbershop Franchise
US Expansion Yes-
Canada Expansion No-
International Expansion No-

Company Overviews

About The Lemon Tree

Lemon Tree Hair Salons is proud to be a national brand of locally owned and operated hair salons. We are a large family of professional hair salons, all locally owned and operated in many areas of the country. We at Lemon Tree Hair Salons are proud of our brand's rich history of providing high quality salon services at value pricing for the past 45 years! We value our amazing talent and are always excited to offer our full range of value priced, professional salon services, including Haircuts. So please, next time you find yourself searching online for "Haircuts near me", feel free to visit your local salon and discover for yourself the Lemon Tree difference!
The Lemon Tree was founded in 1974 to provide family haircuts. When Joan M. Cable purchased her first salon in Bethpage, New York, this mother of three kept the salon open from 8 a.m. to 10 p.m. seven days a week.

Today, nearly 100 franchises offer services ranging from haircuts and styling to beard and mustache trim, updos, body waves, highlighting, coloring and permanents.

About V's Barbershop

V's Barbershop is an authentic, old-time barbershop offering traditional barbering services in an upscale and uniquely masculine environment. Haircuts, old-fashioned straight-edge shaves, facials, and complimentary shoe shines. Our concept is simple: a real barbershop for real men. Remember the old-time barbershop where Dad took you when you were a kid? By now most of them have vanished. In today's age, men must choose between overpriced women's salons or low-cost, low-experience "chop shops". We've had thousands of guys tell us the same thing: "Until V's, there were no good choices." We've created a concept and an environment that men enjoy. From the real barber chairs to the hot lather old-fashioned shave and the relaxing massage you enjoy before you leave, V's has brought back the best of the old and set a new standard for men's barbershops. Financial Advantages: • Recession resistant industry • Continuous growth  • No matter what the economy looks like, hair keeps growing! • Consistent cash flow  • On average guys get a haircut every 4 weeks. It's predictable. • No waste  • Unlike a restaurant franchise, nothing spoils

The total investment necessary to begin operation of a V's Barbershop is between $192,700 and $423,100. This includes $22,500-$30,000 for the initial franchise fee that must be paid to the franchisor or its affiliate(s). You may but are not obligated to sign a multi-unit agreement with the farnchisor at the same time that you sign the franchise agreement. You will pay some or all of the Initial Franchise Fee for each location included with your Multi-Unit Agreement at the time that you sign the Multi-Unit Agreement. There is no minimum number of units that you are obligated to open pursuant to a Multi-Unit Agreement but if you agree to open at least 3 V's Barbershop locations, the initial franchise fee for each additional unit (not including the first unit) is reduced to $22,500.

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#66 in Gator's Top franchises.

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#431 in Franchise 500 for 2020.
#300 in Franchise 500 for 2021.