Scout and Molly's Boutique vs Gingiss Formalwear Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Scout and Molly's Boutique vs Gingiss Formalwear including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Scout and Molly's Boutique Franchise
Gingiss Formalwear Franchise
Investment $252,300 - $301,000$94,680 - $242,680
Franchise Fee $50,000N/A
Royalty Fee 5.5%-6%-
Advertising Fee 1%-
Year Founded 2002-
Year Franchised 2014-
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Scout and Molly's Boutique Franchise
Gingiss Formalwear Franchise
Experience --

Financing Options

 
Scout and Molly's Boutique Franchise
Gingiss Formalwear Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/Yes-/-
Equipment -/Yes-/-
Inventory -/Yes-/-
Receivables -/--/-
Payroll -/Yes-/-

Training & Support

 
Scout and Molly's Boutique Franchise
Gingiss Formalwear Franchise
Training On-The-Job Training: 24 hours Classroom Training: 24 hours -
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 -
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

 
Scout and Molly's Boutique Franchise
Gingiss Formalwear Franchise
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 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.