V Groups largest incubation project to
date.
V Group, Inc. is pleased to release
details pertaining to the Companys largest and most exciting
incubation project to date.
Hollywood Star Cuts becomes a reality in June 2017.
Hollywood Star Cuts, a themed hair cutter, will be a wholly
owned subsidiary of V Group, Inc. In keeping with the Companys
commitment to adding value for its shareholders and as discussed in
previous announcements and shareholder conference calls, V Group,
Inc. is in the process of incubating the new venture for the
purpose of expansion and to spin the venture off into its own
public entity.
Hollywood Star Cuts will be entering a multi-billion dollar
domestic industry. The family hair cutter will be adding excitement
and excellence to a fast-growing industry. The themed haircutter
will be targeting customers of all ages with a fun and dynamic
atmosphere with the glamor of a Hollywood action movie. When a
person walks into one of our haircutters, they will be treated like
they are a star on a big budget movie set. States Larry Twombly,
CEO of V Group, Inc. The customer will be greeted by a plethora of
wide screen TVs playing movies and coming attractions. The dcor
will be loaded with Hollywood themed decorations to add to the
experience.
The average store is expecting to do an average of 85 full
service haircuts per day (industry average). The Company is
anticipating the average ticket price to be roughly $25.00 per
transaction. This equated to an average annual revenue of over
$700,000.00 per location.
It is with great pleasure that the Company is announcing that
the negotiations for the first store location has been completed.
The first location will be in the fast growing and affluent area of
Southern New Hampshire. On June 5th, management of V Group, Inc.
will be traveling to the area to sign the lease and start the
necessary paperwork to move the project forward. Once the lease is
signed, the Company can file for the appropriate permits needed to
build out the location. While in the area, the Management will be
interviewing management candidates with experience. Once this
process is completed, Hollywood Star Cuts will be able to target a
World Premier for its first location. The Company is preparing to
open as many as 3 locations in the Southern NH and Northern Mass
area and 3 more locations in the Southern California area. The
Company will also be developing franchise strategy to allow for
rapid growth over the next 5-10 years.
This is a very exciting time for V Group. States Mr. Twombly. We
are committed to create opportunities for our shareholders in a way
not often seen. We made a bold commitment of incubating as many as
7 companies over the next 5 years and I expect to reach that
challenge and possibly exceed it. This commitment we owe to every
shareholder and investor.
More information will be released to the public, with the
intension of keeping shareholders informed as soon as it is
available. The management of V Group, Inc. would like to thank its
Shareholders, Partners, Vendors and customers.
V Group, Inc.
Contact: info@anddrinks.com
Web Sight: www.anddrinks.com
Phone: (760) 613-8828
