Sunday
May302010
Gent's Formal Wear Franchise
Clothing
Gent's Formal Wear is now offering franchsises to individuals or couples interested in owning their own Tuxedo business. Weddings are relatively recession-proof. The wedding day is still the most important day in a woman's life. Brides want their Grooms and Groomsmen in Tuxedos! Gent's Formal Wear offers rentals and sales of the finest Tuxedos available. Gent's Formal Wear offers the quality and service that today's customers are looking for.
Start-up Costs & Franchises Fees
What is the total cost to open a Gent's Formal Wear Franchises?
Total Cost: $75,000 USD -$100,000 USD
Total Franchise Fees: $15,000 USD
Ongoing Royalty Fees: 6%
Ongoing Advertising Fees: Not Available
Term of Agreement: 5 years
Contact Information for Gent's Formal Wear
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Gent's Formal Wear |
Phone Number: (850) 434-3272 |
Historical Expansion
In what year did Gent's Formal Wear begin operations? 1981
When did Gent's Formal Wear begin selling franchises? 1995
Year United States Canada International Corporate 2007 7 0 0 1
Training & Support
Training
2 Weeks at Office/1 Week On-Site
Support
# Store Set-up
# Operations Manual
# Marketing/Advertising Guide
# Lease Negotiations & Site Selection Assistance
# Exclusive Territory
# Company Wholesale Program
# IFA Convention Member
# Operational Support
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes