| ||||
Updated RecentlyScout and Molly's Boutique vs Gent's Formal Wear Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Scout and Molly's Boutique vs Gent's Formal Wear including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $252,300 - $301,000 | $75,000 - $95,000 |
| Franchise Fee | $50,000 | $20,000 |
| Royalty Fee | 5.5%-6% | 6% |
| Advertising Fee | 1% | - |
| Year Founded | 2002 | 1981 |
| Year Franchised | 2014 | 1995 |
| Term Of Agreement | - | 5 years |
| Term Of Agreement | - | 5 years |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/Yes | -/- |
| Inventory | -/Yes | -/- |
| Receivables | -/- | -/- |
| Payroll | -/Yes | -/- |
Training & Support |
||
| Training | On-The-Job Training: 24 hours Classroom Training: 24 hours | 2 Weeks at Office/1 Week On-Site |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | # 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 Templates Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 4 | - |
Expansion Plans |
||
| US Expansion | Yes | - |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Scout and Molly's Boutique
Lisa Kornstein Kaufman credits her drive and nerve for bringing the dreams of owning a business to fruition. Like many, Lisa was initially hesitant and thought becoming an entrepreneur was unattainable due to the overwhelming amount of research and time it takes to start a business from the ground up.Yet she followed her project with a purpose and in 2002 opened her first Scout & Molly’s Boutique.
Lisa and her concept were welcomed by women who not only raved about the boutique’s ambiance, service, and merchandise, but who also inquired about how they could open their own Scout & Molly’s Boutique location.Scout & Molly’s Boutique wants this to become a reality for more entrepreneurs by providing their franchisees with a proven system complete with support for inventory and purchasing control, training in technology and general retail operations, plus real estate and marketing assistance. Scout & Molly’s Boutique is a niche within the retail industry and is poised to be a national leader in the retail boutique industry, giving you the opportunity to own a fun, enjoyable and highly lucrative franchise!
Now you can say your personal closet is 1,200 square feet!
Veteran Incentives $1,000 off franchise fee
About Gent's Formal Wear
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.