Gingiss Formalwear vs Club Tabby Franchise Comparison

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

Start-Up Costs and Fees

 
Gingiss Formalwear Franchise
Club Tabby Franchise
Investment $94,680 - $242,680$169,600 - $317,000
Franchise Fee N/A$25,000
Royalty Fee -4%
Advertising Fee --
Year Founded -2007
Year Franchised -2009
Term Of Agreement -10 years
Term Of Agreement -10 years
Renewal Fee --


Business Experience Requirements

 
Gingiss Formalwear Franchise
Club Tabby Franchise
Experience - *Retail operations experience/business operations experience *Commitment to deliver products and services to a high standard *Understanding that success comes as a result of discipline and hard work Deep Passion For: *Retail application, specifically in delivering products and services to girls *People in the local community/making a difference locally *Working with other store owners to build a strong national Brand Financial Capability *Working capital *Liquid net worth ($150k/store/year) 

Financing Options

 
Gingiss Formalwear Franchise
Club Tabby Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Gingiss Formalwear Franchise
Club Tabby Franchise
Training --
Support --
Marketing --
Operations -Number of employees needed to run franchised unit: 4. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).

Expansion Plans

 
Gingiss Formalwear Franchise
Club Tabby 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 Club Tabby

We are committed to supporting you each step of the way. From our franchisee portal to ongoing operational support, we make it possible for you to take care of your business and focusing on what makes the Club Tabby brand special, world class customer service. The franchise services that we offer include: *License to use the Club Tabby brand in your local market, and exposure at a national level as we continue to build the brand *Central Franchisee Portal Access to communicate and receive materials and support *Club Tabby Customizable business plan with Strategic Goals and Operational objectives *Site location qualification by the corporate team *Economical cost of development for build-out, including build out support *Training at the store before and during opening *On -going operational Support including Marketing and Purchasing support *Your own franchisee webpage used to promote your location *Access to the Club Tabby vendors and preferred pricing *The Club Tabby custom POS system *Access to our weekly email newsletter for communication with your customers Area Developers: We also have an Area Developer Program. Area Developers can develop Club Tabby franchises within a specific geographic territory. We work with our Area Developers to create territories that make sense and that are beneficial to the growth of the Club Tabby brand and system. Area developer's responsibilities include: *The recruitment of new franchise owners *Assistance to franchise owners in the area of site selection *Assistance to franchise owners with lease negotiation *Assistance to franchise owners with construction and opening of the retail outlet *Providing franchise owners with ongoing operational support As compensation, the Development Agent will receive a portion of all franchise fees and royalties collected from the stores in his or her territory.