V's Barbershop vs Noufal Haircolor Studio Franchise Comparison

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

Start-Up Costs and Fees
 
V's Barbershop Franchise
Noufal Haircolor Studio Franchise
Investment $192,700 - $423,100$190,550 - $340,600
Franchise Fee $30,000$38,000 - $39,500
Royalty Fee 3.5%-5%-
Advertising Fee 1% - 3%-
Year Founded 19991994
Year Franchised 20052012
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
V's Barbershop Franchise
Noufal Haircolor Studio Franchise
Experience --

Financing Options
 
V's Barbershop Franchise
Noufal Haircolor Studio 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
Noufal Haircolor Studio 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.-
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 --

Expansion Plans
 
V's Barbershop Franchise
Noufal Haircolor Studio Franchise
US Expansion -Yes
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 Noufal Haircolor Studio

Noufal Haircolor Studio has been in business for more than 15 years, specializes in expert hair care to include color and Keratin treatments while also providing nail, makeup and waxing services. With a popular Northern Virginia destination already established for both men and women looking for experienced, award-winning stylists, owner Joey Noufal is eager to expand the brand and provide entrepreneurs with a chance to be a part of the Noufal Haircolor Studio family. In the coming year, Noufal plans to open three to five franchise locations in DC, Maryland and Virginia. Entrepreneurs and franchisees can look forward to a hands-on accelerated learning process with Noufal helping at every step of the way. Joining the Noufal team will give franchisees access to their proven system for great customer retention, as well as exclusive discounts on salon use products and corporate support. Noufal plans to extensively train all front desk coordinators, shampoo assistants, managers and hair stylists to provide them with the knowledge needed to be successful. Franchisees will also have access to advancement and continuing education classes for all employees. "We've had the pleasure of servicing the Washington elite over the last 15 years and we look forward to continuing that service over the coming years," said owner Joey Noufal. "Investing in a Noufal Haircolor Studio is a low risk venture for entrepreneurs, given the brand recognition and community outreach we've engaged in over the last decade and a half for customer retention." As the business has continued to grow and expand over the last decade, Joey has involved Noufal Haircolor Studio in the community around him, often donating haircuts and other spa treatments to benefit charities like the Leukemia & Lymphoma Society (LLS). Earlier this year, Noufal Haircolor Studio participated in Cut for the Cure, an LLS campaign for which the salon donated an entire day's worth of haircuts to help fight blood cancers. For more information about franchise opportunities, interested parties should reach out to Joey Noufal at Joey(at)noufalhaircolorstudio(dot)com.