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Updated RecentlyGent's Formal Wear vs Club Tabby Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Gent's Formal Wear vs Club Tabby including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $75,000 - $95,000 | $169,600 - $317,000 |
| Franchise Fee | $20,000 | $25,000 |
| Royalty Fee | 6% | 4% |
| Advertising Fee | - | - |
| Year Founded | 1981 | 2007 |
| Year Franchised | 1995 | 2009 |
| Term Of Agreement | 5 years | 10 years |
| Term Of Agreement | 5 years | 10 years |
| Renewal Fee | - | - |
Business Experience Requirements |
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| 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 |
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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 | 2 Weeks at Office/1 Week On-Site | - |
| Support | # Store Set-up # Operations Manual # Marketing/Advertising Guide # Lease Negotiations & Site Selection Assistance # Exclusive Territory # Company Wholesale Program # IFA Convention Member # Operational 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 |
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| US Expansion | - | - |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Gent's Formal Wear
Gent's Formal Wear is now offering franchises to individuals or couples interested in owning their own Tuxedo business. Weddings are relatively recession-proof. The wedding day is still the most important day in a woman's life. Brides want their Grooms and Groomsmen in Tuxedos! Gent's Formal Wear offers rentals and sales of the finest Tuxedos available. Gent's Formal Wear offers the quality and service that today's customers are looking for.
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.