V's Barbershop vs State Street Barbers Franchise Comparison

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

Start-Up Costs and Fees
 
V's Barbershop Franchise
State Street Barbers Franchise
Investment $192,700 - $423,100$191,500 - $297,000
Franchise Fee $30,000$25,000
Royalty Fee 3.5%-5%5%
Advertising Fee 1% - 3%3% local +2% Nat'l
Year Founded 19992003
Year Franchised 20052010
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
V's Barbershop Franchise
State Street Barbers Franchise
Experience --

Financing Options
 
V's Barbershop Franchise
State Street Barbers Franchise
  In-House/3rd PartyIn-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
 
V's Barbershop Franchise
State Street Barbers Franchise
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. -
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.When you join the State Street Barbers franchise system you will become part of an established, fully-branded concept and a time-tested business model that has been proven to work in multiple locations. From the start, you will backed by the strength of our experienced leadership team, bringing to bear over twenty years of collective industry experience and deep expertise in strategic consulting, finance, marketing, and operations.
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.

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Operations --

Expansion Plans
 
V's Barbershop Franchise
State Street Barbers Franchise
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.

"Top
#66 in Gator's Top franchises.

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








About State Street Barbers

State Street Barbers is not your typical franchise opportunity. Unlike most franchises offered in the men's grooming segment, we do not desire to be the next large discount haircut franchise chain, with hundreds of locations that rush customers in an out like an assembly line operation. Nor do we aspire to be the next "male salon" that misses the mark on what most men want by offering services such as pedicures and paraffin wax hand treatments. Our discipline in staying true to our value proposition and focusing on our strengths has allowed us to excel in the market and evolve quickly into an award winning and recognized concept. It is this same discipline that will now propel us forward and help drive our growth in the world of franchising. We are committed to ensuring that franchise owners are selected carefully, as well as trained and supported properly, in order to maintain the integrity of our brand. Though relatively young, our business model, and its singular focus on genuinely meeting the needs of our male customers, has allowed us to establish a strong and loyal following in multiple markets and provided a compelling proof of concept for further expansion. Our objective now is to create a tight-knit franchise community to help extend this same level of service and quality to untapped markets while staying true to our brand promise and upholding the ideals and principles that have been the hallmark of our concept to date. When you are selected to join our team, you actually become part of the State Street Barbers family � a small, tight-knit group committed to building something special and helping the entire team reach its full potential.