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Updated RecentlyV's Barbershop vs Beaners Fun Cuts for Kids Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of V's Barbershop vs Beaners Fun Cuts for Kids including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $192,700 - $423,100 | $120,000 - $185,000 |
| Franchise Fee | $30,000 | $25,000 |
| Royalty Fee | 3.5%-5% | 6% |
| Advertising Fee | 1% - 3% | 3% |
| Year Founded | 1999 | 1996 |
| Year Franchised | 2005 | 1997 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | The Franchisees most able to reap the rewards of franchising have a strong sense of purpose. They tend to be dynamic individuals who superimpose their creative talents upon those of the franchisor to refine the system. They are of high integrity, customer focused and team builders. The following is a list of some of the characteristics we look for when considering an application: * A Strong Desire to Achieve Goals (both personally and in business) * Customer Focused * A Team Player * High Level of Integrity * Passion * Be Involved With the Community Around You * The Ability to Get, Keep Very Satisfied Customers * The Willingness and Ability to Personally Devote the Necessary Time and Effort in the Day-To-Day Operations of the Business * Understanding that you are a Vital Part of the Beaners Fun Cuts for Kids Franchise and to Grow the Brand and Create Awareness in Your Market |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | You 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. | You will be required to successfully complete the 2 week training period in Calgary, Alberta, Canada. During that time you will be spending 4 days at Head Office for one on one training. The remaining time will be spent in our "Training" location so you experience first hand the day to day operations of a Beaners location. |
| Support | A 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 | The 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 | - | Beaners does not require a full-time commitment from you but you must be involved in the day-to-day operations of your business. |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
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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#300 in Franchise 500 for 2021.
About Beaners Fun Cuts for Kids
Beaners Fun Cuts For Kids is a family-focused hair salon created with kids in mind. We are here to make haircuts fun for kids and create a welcoming and relaxing experience for parents.