The demand for authentic barbershops for men to enjoy stopping in for haircuts is growing as fast just as their hair. In a men’s grooming study in 2019, Mindbody found that 39% of men prioritize their beauty and grooming; compared with 41% of women. It’s no wonder entrepreneurs are looking to jump into the barbershop game.
V’s Barbershop Franchise and Scissors & Scotch are among the top barbershop franchises. Learn how they compare so that you can choose the best investment opportunity for you.
Here’s a side-by-side analysis of costs, training, support, and expansion of V’s Barbershop and Scissors & Scotch franchises.
|V’s Barbershop Franchise||Scissors & Scotch|
|Median Gross Sales||$372,829*||$1,071,899**|
|Initial Investment||$208,166 – $342,808||$514,300 – $749,250|
|Net Worth Requirement||$750,000||$1 Million|
|Liquid Capital Requirement||$150,000||$300,000|
|Royalty Fee||4% first year|
6% after that
|4% – 6.5%|
|Ad Royalty Fee||1%||2%|
|Franchise Growth||US/CAN Units|
*Based on Item 19 of FDD of Gross Sales from Jul 1, 2020 to Jun 30, 2021
**Based on Item 19 of FDD of Gross Sales of the 11 stores open from Jan 1, 2021 to Dec 31, 2021
All About V’s Barbershop Franchise
Since 1999, V’s barbershop has been providing the classic barbershop feel for men of all ages. The first shop opened in Scottsdale when founder, Jim “V” Valenzuela, wanted a traditional barbershop to take his son, just like his dad did with him. Six years later, Valenzuela decided to franchise the concept and expand the brand across the U.S. In recent years, the brand has seen slower growth, with just a 25% increase in units between 2019 and 2021.
The franchise is one of the cheaper barbershop opportunities, but the median gross sales amount is lower than the burgeoning Scissors & Scotch franchise. While no net worth requirement is listed, they recommend that if you fall below $400,000, you seek out an investment partner or third-party financing.
No cosmetology experience is required for V’s franchisees; the brand is looking for franchisees that work hard and are passionate about providing great customer service.
Their initial investment costs include 20 hours of classroom training and 25 hours of on-the-job training for two people. Support continues with comprehensive, detailed manuals that provide instructions and how to select a site location, how to hire and pay your barbers, and V’s approach to haircuts, shaves, and facials. Franchisees also receive training on operating the computer system, marketing their shop, and accessing pre-selected vendors to furnish their shop.
The franchise system works with a real estate broker to research and suggest potential locations. The broker performs customer profile analytics to identify where your potential client lives so that you can find an optimal location for your target market.
V’s corporate side creates ads for your use in-store, in print publications, TV, e-mail, and social media. The company uses the ad royalty fee funds for markets with multiple shops to produce a media campaign. Corporate professionals then help those in smaller markets create their own local marketing campaigns.
Grow With Scissors & Scotch
Scissors & Scotch is elevating the experience for their clients compared to other classic barbershop franchise opportunities. In 2015, two men, frustrated over their lack of options for haircuts, came up with the idea of putting a new-age twist on the old-school barbershop. So, they focused on providing a badass grooming experience for clients at a premier upscale barbershop. Since then, the brand has rapidly expanded, seeing 125% growth in the last two years.
The elevated experience comes at a higher initial investment cost but provides a greater profit potential. We are looking for franchisees with business ownership experience, but no barber experience is required.
You’ve got backup when you franchise with us. Our team of experts, from marketing to site selection and project management, will guide you through the process at every step. In addition, we offer 80 hours of classroom and on-the-job training that builds team efficiency and fully prepares you and your employees for opening day.
When it comes to picking your location, there’s no guessing. Before you begin plans to open, we’ve researched your market’s size, demographics, and competition to ensure your area can handle our badass-ness. Next, our real estate firm partner performs in-depth research on a landlord’s reputation, co-tenant strength, and traffic patterns to help you find the perfect location. All of these factors affect your bottom line. From there, we help you coordinate design, find a general contractor, and provide buildout instructions for your shop.
Step into a brand full of rock star franchisees and business partners by joining the team at Scissors & Scotch. Get Started today by applying now.