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Updated RecentlyGingiss Formalwear Franchise
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.
It's time to give yourself permission to build your days around what's important to you! You're in Control!
For more information, complete our FREE FRANCHISE ADVICE form!
How much does it cost to open a Gingiss Formalwear Franchise?
The investment required to open a Gingiss Formalwear Franchise is between $94,680-$242,680.
Individual Unit Costs
- Initial Investment:
$94,680-$242,680 - Initial Franchise Fee:
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N/A - Advertising Fee:
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When did Gingiss Formalwear start Franchising? N/A
To calculate how much income a franchise owner can do at Gingiss Formalwear Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
Legal Disclaimer: This information is not a franchise offering for Gingiss Formalwear and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Gingiss Formalwear franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
Gingiss Formalwear
201 Executive Drive
Addison,
IL
60101