V's Barbershop vs MY SALON Suite Franchise Comparison

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

Start-Up Costs and Fees
 
V's Barbershop Franchise
MY SALON Suite Franchise
Investment $192,700 - $423,100$713,738 - $1,603,518
Franchise Fee $30,000$50,000 - $200,000
Royalty Fee 3.5%-5%5.5%
Advertising Fee 1% - 3%1%
Year Founded 19992010
Year Franchised 20052012
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
V's Barbershop Franchise
MY SALON Suite Franchise
Experience --

Financing Options
 
V's Barbershop Franchise
MY SALON Suite Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/Yes
Start-up Costs No/No-/Yes
Equipment No/No-/Yes
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support
 
V's Barbershop Franchise
MY SALON Suite 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. On-The-Job Training: 12 hours Classroom Training: 20 hours
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.Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection
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.

Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations --

Expansion Plans
 
V's Barbershop Franchise
MY SALON Suite Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

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.

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








About MY SALON Suite

MY SALON Suite comes in at number 6 in the exclusive list of the year’s most promising business opportunities within the franchising industry.

“We are honored to be recognized as one of the best new franchise concepts,” said Ken McAllister, CEO and President of Suite Management Franchising, the established franchising subsidiary of MY SALON Suite. “This award is a testament to the hard work both our corporate team and our franchise owners have put into making our concept the best it can be.”

​“The impact of carefully selecting our franchise owners is a large reason why we have reached consistent success,” added McAllister. “Moving further into 2017, we are looking forward to adding even more talented franchisees to our family and being able to bring our upscale salon suites to a greater number of communities nationwide.”
 
MY SALON Suite has made a name for itself in major markets throughout North America for being the only salon complex to offer fully-equipped, upscale suites featuring a full-length style station, styling chair, shampoo sink and color station. Additional amenities include a state-of-the-art security system, luxurious bathrooms and an elegant lobby. In addition to the attractive accommodations, members are offered ongoing training and support to grow and develop their business, which includes access to a strong referral network.

Entrepreneurially spirited individuals interested in investing in the MY SALON Suite franchise will receive a full suite of support services ranging from initial and ongoing training to sales and marketing programs. Plus, MY SALON Suite is a proud partner of the VetFran program. Approved candidates receive 10 percent off of the total franchise fee.

Franchisees may choose to become a Multi-Unit Operator, earning the right to establish and operate three, six, or ten My Salon Suite or Salon Plaza franchises under a Multi-Unit Option Agreement containing a development schedule, which includes between $99,000 and $200,000 that must be paid to franchisor at the time the Multi-Unit Option Agreement is signed.
The total investment necessary to begin operation of a three Multi-Unit Operator business is between $713,738 and $1,502,518, which includes $99,000 that must be paid to the franchisor at the time the Multi-Unit Option Agreement is signed.
The total investment necessary to begin operation of a six Multi-Unit Operator business is between $764,738 and $1,553,518, which includes $150,000 that must be paid to franchisor at the time the Multi-Unit Option Agreement is signed.
The total investment necessary to begin operation of a ten Multi-Unit Operator business is between $814,738 and $1,603,518, which includes $200,000 that must be paid to franchisor at the time the Multi-Unit Option Agreement is signed.

"franchiserankingscom"      "Entrepreneur
#22 on Franchise Rankings.com
#279 in Franchise 500 for 2020.
#61 in Franchise 500 for 2021.