Start-Up Costs and Fees |
||
| Gent's Formal Wear | Foot Solutions | |
| Investment | 75000 - 95000 | 69500 - 242000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 5% |
| Advertising Fee | ||
| Year Founded | 1981 | 2000 |
| Year Franchised | 1995 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Gent's Formal Wear | Foot Solutions | |
| Experience | General business experience | |
Financing Options |
||
| Gent's Formal Wear | Foot Solutions | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Gent's Formal Wear | Foot Solutions | |
| Training | 2 Weeks at Office/1 Week On-Site | Classroom and hands-on training |
| Support | # Store Set-up # Operations Manual # Marketing/Advertising Guide # Lease Negotiations & Site Selection Assistance # Exclusive Territory # Company Wholesale Program # IFA Convention Member # Operational Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | International franchisees required to buy multiple units/master licenses; 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Gent's Formal Wear | Foot Solutions | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Gent's Formal Wear | |
| Foot Solutions | |
| Franchise Fee | |
| Gent's Formal Wear | |
| Foot Solutions | |
| Royalty Fee | |
| Gent's Formal Wear | 6% |
| Foot Solutions | 5% |
| Advertising Fee | |
| Gent's Formal Wear | |
| Foot Solutions | |
| Year Founded | |
| Gent's Formal Wear | 1981 |
| Foot Solutions | 2000 |
| Year Franchised | |
| Gent's Formal Wear | 1995 |
| Foot Solutions | 2000 |
| Term Of Agreement | |
| Gent's Formal Wear | 5 years |
| Foot Solutions | 20 years |
| Renewal Fee | |
| Gent's Formal Wear | |
| Foot Solutions | |
Business Experience Requirements |
|
| Experience | |
| Gent's Formal Wear | |
| Foot Solutions | General business experience |
Financing Options |
|
| Franchise Fees | |
| Gent's Formal Wear | |
| Foot Solutions | |
| Start-up Costs | |
| Gent's Formal Wear | |
| Foot Solutions | |
| Equipment | |
| Gent's Formal Wear} | |
| Foot Solutions | |
| Inventory | |
| Gent's Formal Wear | |
| Foot Solutions | |
| Receivables | |
| Gent's Formal Wear | |
| Foot Solutions | |
| Payroll | |
| Gent's Formal Wear | |
| Foot Solutions | |
Training & Support |
|
| Training | |
| Gent's Formal Wear | 2 Weeks at Office/1 Week On-Site |
| Foot Solutions | Classroom and hands-on training |
| Support | |
| Gent's Formal Wear | # Store Set-up # Operations Manual # Marketing/Advertising Guide # Lease Negotiations & Site Selection Assistance # Exclusive Territory # Company Wholesale Program # IFA Convention Member # Operational Support |
| Foot Solutions | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Gent's Formal Wear | |
| Foot Solutions | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Gent's Formal Wear | |
| Foot Solutions | International franchisees required to buy multiple units/master licenses; 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Gent's Formal Wear | |
| Foot Solutions | |
| Canada Expansion | |
| Gent's Formal Wear | |
| Foot Solutions | |
| International Expansion | |
| Gent's Formal Wear | |
| Foot Solutions | |