V’s Barbershop FDD – Franchise Information, Costs and Fees
Type of Business
The franchised business is an upscale barbershop that provides high-quality haircuts, old-fashioned shaves and men’s facial services in a uniquely masculine environment under the V’s Barbershop® service marks and trademarks.
Corporate Information
V’s Barbershop Franchise, LLC is an Arizona limited liability company organized on November 17, 2006. They began offering V’s Barbershop franchises in March 2007. Their principal business address is 2320 W. Mission Lane, #3, Phoenix, Arizona 85021.
Investment
The total investment necessary to begin operation of a Vs Barbershop® is between $326,500 and $602,450. This includes $178,500-$274,400 that must be paid to the franchisor or its affiliate(s). You may but are not obligated to sign a Development Agreement with the franchisor at the same time that you sign the franchise agreement. You will pay the initial franchise fee for each location included in your Development Agreement at the time that you sign the Development Agreement. There is no minimum number of units that you are obligated to open pursuant to a Development Agreement but if you agree to open at least 3 Vs Barbershop locations, the initial franchise fee for each additional unit (not including the first unit) is reduced to $30,000. The initial investment necessary to begin operation of a Vs Barbershop Development Agreement franchised business is $30,000-$60,000. This includes $30,000-$ 60,000 that must be paid to the franchisor or its affiliate(s).
