Gent's Formal Wear Franchise
Clothing
ABC INC
ABC-CO - NASDAQ
+0.25 (+0.20%)
It's time to give yourself permission to build your days around what's important to you! You're in Control!
For more information, complete our FREE FRANCHISE ADVICE form!
How much does it cost to open a Gent's Formal Wear Franchise ?
The investment required to open a Gent's Formal Wear Franchise is between $75,000 - $95,000 . There is an initial franchise fee of $20,000 which grants you the license to run a business under the Gent's Formal Wear name.
Individual Franchise Costs
- Initial Investment:
$75,000 - - Initial Franchise Fee:
$20,000 - Royalty Fee:
6% - Term of Agreement:
5 years
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | N/A | N/A |
| Startup Costs | N/A | N/A |
| Equipment | N/A | N/A |
| Inventory | N/A | N/A |
| Accounts Receivable | N/A | N/A |
| Payroll | N/A | N/A |
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
Gent's Formal Wear Growth History
When did the first Gent's Formal Wear open? 1981When did Gent's Formal Wear start Franchising ? 1995
| Year | U.S.A. | Canada | International | Corporate |
|---|---|---|---|---|
| 2007 | 7 | 0 | 0 | 1 |
How much money you could make as a Gent's Formal Wear Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Gent's Formal Wear Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.
Legal Disclaimer: This information is not a franchise offering for Gent's Formal Wear and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing an Gent's Formal Wear franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.