Gingiss Formalwear Franchise
With over 250 stores, Gingiss is the largest formalwear chain in the world. Formalwear is a $1 billion annual business, and Gingiss and its affiliates represent nearly 10% of that total.
Taking your place within the formalwear industry is what the Gingiss franchise opportunity is all about. Our industry is a quiet, but substantial marketplace.
With Gingiss, you have the full support and experience of a parent company with more than a half-century of industry experience and hundreds of fellow franchise owners across the country. From a financial perspective, the potential benefits of a Gingiss franchise can be numerous:
* An unusually low cost-of goods-per rental because each garment can be rented 30 to 40 times.
* A variety of tax advantages
* The potential for developing a multi-store operation. Over 35% or our franchise business owners operate 3 or more stores.
* The opportunity to work with an experienced franchise company.
* The possibility that your investment can appreciate through a build-up of goodwill, referrals, and a reputation of quality and service.
For many, the personal benefits are equally attractive:
* Personal independence in a clean retail environment.
* Family succession.
* The freedom to utilize your creativity and make decisions without the limitations of a corporate hierarchy.
* The opportunity to "take charge" and make things happen in a strong customer service environment where good people make a difference.
Please Note: The operators of Gingiss Formalwear, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, customers are strongly recommended to visit the official Gingiss Formalwear website.
Start-up Costs & Franchises Fees
What is the total cost to open a Gingiss Formalwear Franchises?
Total Cost: $94,680-$242,680
Total Franchise Fees: Not Available
Ongoing Royalty Fees: Not Available
Ongoing Advertising Fees: Not Available
Contact Information for Gingiss Formalwear
|
Gingiss Formalwear |
Phone Number: 630-620-9050
|
Historical Expansion
In what year did Gingiss Formalwear begin operations? Not Available
When did Gingiss Formalwear begin selling franchises? Not Available
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