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.

Clothing/Accessories Opportunities

Below is a quick comparison of Gingiss Formalwear against other Full Service Restaurant franchises and business opportunities. For an in depth comparison of Gingiss Formalwear with another opportunity including start-up costs and fees, business experience requirements, training & support and financing options click on the name of the company to view the detailed comparison.
Franchise
Franchise Fee
Royalty
Advertising Fee
Development Costs
30000
149000 - 345000
25000 - 25000
175000 - 325000
0
87500 - 345200
35000 - 35000
4%
1%
345000 - 393800
20000 - 32000
5% of gross revenues
Currently $150 per month
60975 - 195525
BHS
0
500000 - 500000
13500 - 39500
6%
1.50%
114501 - 244800
30000 - 30000
255850 - 546850
30000 - 30000
123690 - 190375
35000 - 35000
100000 - 999999
0
120000 - 120000
25000 - 25000
4%
169600 - 317000
25000 - 15000
3%-5%
1%
189850 - 414900
0
150000 - 150000
29500 - 29500
5%
3%
82600 - 198150
33000 - 33000
5%
69500 - 242000
25000 - 25000
2%
284000 - 480000
20000 - 20000
6%
75000 - 95000
20000 - 20000
4%
291000 - 717000
20000 - 20000
4%
190000 - 313000
5000 - 20000
1.5% - 6%
up to $1,000 per season
37750 - 74500
50000 - 50000
500000 - 500000
0
25000 - 50000
40000 - 40000
7.50%
0.50%
160800 - 306350
30000 - 30000
6%
1%
171000 - 999999
50000 - 50000
5%
1%
270981 - 464977
0
500000 - 500000
30000 - 30000
6%
167200 - 366000
50000 - 50000
5.5%-6%
1%
252300 - 301000
25000 - 25000
5%
185800 - 313000
20000 - 20000
0
0
50000 - 50000
0
70000 - 150000
0
25000 - 50000
0
28995 - 28995
40000 - 40000
0
42500 - 42500
0
5000 - 5000
23400 - 60200
3%
344000 - 650000
25000 - 25000
6%
N/A
75000 - 180000