Franchising Today - Winter 2017 - 91

V'S BARBERSHOP

have roughly 750 sports photographs to choose from when
decorating their walls. Valenzuela carefully selected photographs from a wide variety of sporting events, including
horse racing, from different regions that allow each barbershop to tell its own story.
"Details are very important," he says. "When you mix
all these things with the right amount of charm, it works. I
knew people would pay more for a haircut if they could find
value in the experience."

Passionate investors
V'S Barbershop does not have a minimum net worth requirement for opening a franchise. But if an entrepreneur's
net worth falls below $400,000, the company recommends
seeking out an investment partner or third-party financing.
The suggested minimum capital investment ranges between $100,000 to $150,000. V's Barbershop will consider
prospects who do not meet the suggested capital investment criteria on a case-by-case basis.
The company charges an initial franchise fee of $30,000
per location. However, it offers discounts for those that
wish to open more than one location and to those who have
been honorably discharged from the U.S. Armed Forces.
Its royalty fee is relatively unique for the industry. V's
Barbershop believes in rewarding franchisees that do
well. It reduces the royalty fee from 5 percent for the first
$500,000 of gross sales in a calendar year to 2.5 percent of
gross sales thereafter for the same year. In addition, the
company offers reduced royalty fees for certain multi-unit
franchise purchases.
The initial investment, including build-out cost and franchising fee, ranges between $194,450 and $352,875 depending on location. This includes equipment, stock materials
and operating capital for the first three months. An average
building is between 1,000 to 1,250 square feet.
As Valenzuela is not a barber himself, V's Barbershop
does not require its franchise owners to be licensed barbers.
Its current franchisees come from a variety of backgrounds
including engineers, sales executives, politicians, financial
advisors and pilots.
V's provides its franchisees with various ad templates
and tools for recruitment of staff. It will assist with attracting, screening and hiring barbers as part of its initial support program. "Barbershops are finally becoming more accepted as a franchise opportunity," Valenzuela says. "The
whole barbering industry is becoming much more mainstream and readily accepted. The franchisee with passion
will be successful."
WINTER 2017

franchising-today.com	

91


http://www.franchising-today.com

Table of Contents for the Digital Edition of Franchising Today - Winter 2017

Contents
Franchising Today - Winter 2017 - Cover1
Franchising Today - Winter 2017 - Cover2
Franchising Today - Winter 2017 - 1
Franchising Today - Winter 2017 - Contents
Franchising Today - Winter 2017 - 3
Franchising Today - Winter 2017 - 4
Franchising Today - Winter 2017 - 5
Franchising Today - Winter 2017 - 6
Franchising Today - Winter 2017 - 7
Franchising Today - Winter 2017 - 8
Franchising Today - Winter 2017 - 9
Franchising Today - Winter 2017 - 10
Franchising Today - Winter 2017 - 11
Franchising Today - Winter 2017 - 12
Franchising Today - Winter 2017 - 13
Franchising Today - Winter 2017 - 14
Franchising Today - Winter 2017 - 15
Franchising Today - Winter 2017 - 16
Franchising Today - Winter 2017 - 17
Franchising Today - Winter 2017 - 18
Franchising Today - Winter 2017 - 19
Franchising Today - Winter 2017 - 20
Franchising Today - Winter 2017 - 21
Franchising Today - Winter 2017 - 22
Franchising Today - Winter 2017 - 23
Franchising Today - Winter 2017 - 24
Franchising Today - Winter 2017 - 25
Franchising Today - Winter 2017 - 26
Franchising Today - Winter 2017 - 27
Franchising Today - Winter 2017 - 28
Franchising Today - Winter 2017 - 29
Franchising Today - Winter 2017 - 30
Franchising Today - Winter 2017 - 31
Franchising Today - Winter 2017 - 32
Franchising Today - Winter 2017 - 33
Franchising Today - Winter 2017 - 34
Franchising Today - Winter 2017 - 35
Franchising Today - Winter 2017 - 36
Franchising Today - Winter 2017 - 37
Franchising Today - Winter 2017 - 38
Franchising Today - Winter 2017 - 39
Franchising Today - Winter 2017 - 40
Franchising Today - Winter 2017 - 41
Franchising Today - Winter 2017 - 42
Franchising Today - Winter 2017 - 43
Franchising Today - Winter 2017 - 44
Franchising Today - Winter 2017 - 45
Franchising Today - Winter 2017 - 46
Franchising Today - Winter 2017 - 47
Franchising Today - Winter 2017 - 48
Franchising Today - Winter 2017 - 49
Franchising Today - Winter 2017 - 50
Franchising Today - Winter 2017 - 51
Franchising Today - Winter 2017 - 52
Franchising Today - Winter 2017 - 53
Franchising Today - Winter 2017 - 54
Franchising Today - Winter 2017 - 55
Franchising Today - Winter 2017 - 56
Franchising Today - Winter 2017 - 57
Franchising Today - Winter 2017 - 58
Franchising Today - Winter 2017 - 59
Franchising Today - Winter 2017 - 60
Franchising Today - Winter 2017 - 61
Franchising Today - Winter 2017 - 62
Franchising Today - Winter 2017 - 63
Franchising Today - Winter 2017 - 64
Franchising Today - Winter 2017 - 65
Franchising Today - Winter 2017 - 66
Franchising Today - Winter 2017 - 67
Franchising Today - Winter 2017 - 68
Franchising Today - Winter 2017 - 69
Franchising Today - Winter 2017 - 70
Franchising Today - Winter 2017 - 71
Franchising Today - Winter 2017 - 72
Franchising Today - Winter 2017 - 73
Franchising Today - Winter 2017 - 74
Franchising Today - Winter 2017 - 75
Franchising Today - Winter 2017 - 76
Franchising Today - Winter 2017 - 77
Franchising Today - Winter 2017 - 78
Franchising Today - Winter 2017 - 79
Franchising Today - Winter 2017 - 80
Franchising Today - Winter 2017 - 81
Franchising Today - Winter 2017 - 82
Franchising Today - Winter 2017 - 83
Franchising Today - Winter 2017 - 84
Franchising Today - Winter 2017 - 85
Franchising Today - Winter 2017 - 86
Franchising Today - Winter 2017 - 87
Franchising Today - Winter 2017 - 88
Franchising Today - Winter 2017 - 89
Franchising Today - Winter 2017 - 90
Franchising Today - Winter 2017 - 91
Franchising Today - Winter 2017 - 92
Franchising Today - Winter 2017 - 93
Franchising Today - Winter 2017 - 94
Franchising Today - Winter 2017 - 95
Franchising Today - Winter 2017 - 96
Franchising Today - Winter 2017 - Cover3
Franchising Today - Winter 2017 - Cover4
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2020_vol5issue1a
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2019_vol4issue4
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2019_vol4issue4b
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2019_vol4issue4a
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2019_vol4issue3
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2019_vol4issue3b
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2019_vol4issue3a
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2019_vol4issue2
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2019_vol4issue2b
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2019_vol4issue2a
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2019_vol4issue1
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2019_vol4issue1a
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2018_vol3issue4
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2018_vol3issue3
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2018_vol3issue2
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2018_vol3issue1
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2017winter
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2017fall
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2017summer
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2017spring
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2016winter
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2016fall
http://www.nxtbook.com/nxtbooks/knighthouse/ft_2016summer
http://www.nxtbookMEDIA.com