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Below is an in-depth analysis and side-by-side comparison of USA Baby vs Gent's Formal Wear including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $344,000 - $650,000 | $75,000 - $95,000 |
Franchise Fee | $23,400 - $60,200 | $20,000 |
Royalty Fee | 3% | 6% |
Advertising Fee | - | - |
Year Founded | 1975 | 1981 |
Year Franchised | 1986 | 1995 |
Term Of Agreement | 10 years | 5 years |
Term Of Agreement | 10 years | 5 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | 2 Weeks at Office/1 Week On-Site |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | # Store Set-up # Operations Manual # Marketing/Advertising Guide # Lease Negotiations & Site Selection Assistance # Exclusive Territory # Company Wholesale Program # IFA Convention Member # Operational Support |
Marketing | Ad slicks, Regional advertising | - |
Operations |
10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
USA Baby was founded in 1975 by Alan Levine. It began franchising in 1986 and the chain now includes international locations. USA Baby offers more than 2,000 items for infant and child care. The privately held company is based in Elmhurst, Illinois.
Gent's Formal Wear is now offering franchises to individuals or couples interested in owning their own Tuxedo business. Weddings are relatively recession-proof. The wedding day is still the most important day in a woman's life. Brides want their Grooms and Groomsmen in Tuxedos! Gent's Formal Wear offers rentals and sales of the finest Tuxedos available. Gent's Formal Wear offers the quality and service that today's customers are looking for.