Gingiss Formalwear
About Gingiss Formalwear
Gingiss was sold to their major competitor, Men's Wearhouse.
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 franchisees 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.