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Updated RecentlyGent's Formal Wear vs BareBones WorkWear Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Gent's Formal Wear vs BareBones WorkWear 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 | $345,000 - $393,800 |
| Franchise Fee | $20,000 | $35,000 |
| Royalty Fee | 6% | 4% |
| Advertising Fee | - | 1% |
| Year Founded | 1981 | 1998 |
| Year Franchised | 1995 | 2013 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| 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 | 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 | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| 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 BareBones WorkWear
BareBones WorkWear® is a retro concept packaged in an innovative
franchise operation. Maybe you remember the corner haberdashery store
where a guy went to get a basic overall or a pair of classic Levi’s® and
a pair of hearty logger boots that he relied on to work hard and
strong. It was not about fashion and not about the frills - it was about
a trusting relationship with the owner, his staff, and the brand.
The BareBones concept is all about those loyal customer relationships
built on an honest, straightforward and unpretentious approach to
provide useful products at a fair price. We are customer-centric. It’s part of our DNA. If you always have the best consideration of the needs of the customer, then success follows right along.
What else is in our DNA?
- Integrity - Unity and cohesion through accountability.
- Transparency - We are all on the same team, so we need to all know the plays.
- Doing the Right Thing - Too simple, too important.
- Engagement - We actively engage with customers.
- Concern - Yup, this is the being genuine and giving a S#*t part.
- Passion/Drive/Grit - We love challenges; don’t you?
- Fun Spirit - We’re the coolest place on the block.
The strategy behind fashion-based retail stores is a cycle of hit - miss, then markdown. That’s why they have to have constant sales and coupons. They often do not refill existing product items, whereas the BareBone’s product line has minimalistic style changes from year to year. There is enough change to keep the excitement, but the basic utilitarian stuff creates a repetitive and loyal following. We spend our efforts supplying what people actually need instead of forcing what we think they want.
As a VetFran member we offer a 10% Discount for the Franchise Fee and Area Development.