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Below is an in-depth analysis and side-by-side comparison of Gingiss Formalwear vs Affordable Uniforms including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $94,680 - $242,680 | $175,000 - $325,000 |
Franchise Fee | N/A | $25,000 |
Royalty Fee | - | - |
Advertising Fee | - | - |
Year Founded | - | 2000 |
Year Franchised | - | 2002 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
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 | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | At our location� Includes at least one week at our location for classroom and hands-on training. |
Support | - | The support provided to our franchisees is never ending. We continually aid our franchises in areas such as marketing, ordering product, selling to groups, and advertising. Our franchise intranet is full of resources that you can use in your store and online to help sell to customers as well as help train employees. All of these aspects are crucial to the success of an Affordable Uniforms franchise. We understand that sometimes these tasks feel like a lot to take on, especially for first time business owners; we are here to give you the tools you need to create success in your market. Your franchise support will always be just a phone call or e-mail away. Any time you have questions, one of our staff will be able to assist you and help you fine tune all aspects of your business, giving you the advantages you need. |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | - | - |
International Expansion | - | - |
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.