Gingiss Formalwear vs Adam & Eve Stores Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Gingiss Formalwear vs Adam & Eve Stores including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Gingiss Formalwear Franchise
Adam & Eve Stores Franchise
Investment $94,680 - $242,680$149,000 - $345,000
Franchise Fee N/A$30,000
Royalty Fee --
Advertising Fee --
Year Founded -1970
Year Franchised --
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Gingiss Formalwear Franchise
Adam & Eve Stores Franchise
Experience --

Financing Options

 
Gingiss Formalwear Franchise
Adam & Eve Stores Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Gingiss Formalwear Franchise
Adam & Eve Stores Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Gingiss Formalwear Franchise
Adam & Eve Stores Franchise
US Expansion --
Canada Expansion --
International Expansion --

Company Overviews

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.

About Adam & Eve Stores

Visitors to Adam & Eve often find themselves surprised. The company is based on a 10-acre site in historic Hillsborough, North Carolina - operating from our 110,000 sq. ft. warehouse and a three-story office building. It is one of the largest private employers in Orange County, North Carolina with a diverse staff of nearly 375 people, including recent high school and college graduates, new parents and white-haired grandmothers. Apart from signed posters of adult stars and representatives in the call center praising the merits of a new video, there's very little on the surface to distinguish Adam & Eve from any other company in America. But the company promotes a very employee-friendly environment, as demonstrated by a high retention rate. Great benefits like half-day Fridays, personal days throughout the year and quarterly performance bonuses promote a rare family-like atmosphere at Adam & Eve that's the envy of companies throughout the nation.