Gent's Formal Wear vs Monkee's Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Gent's Formal Wear vs Monkee's including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Gent's Formal Wear Franchise
Monkee's Franchise
Investment $75,000 - $95,000$270,981 - $464,977
Franchise Fee $20,000$50,000
Royalty Fee 6%5%
Advertising Fee -1%
Year Founded 19811995
Year Franchised 19952011
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements

 
Gent's Formal Wear Franchise
Monkee's Franchise
Experience --

Financing Options

 
Gent's Formal Wear Franchise
Monkee's Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Gent's Formal Wear Franchise
Monkee's Franchise
Training 2 Weeks at Office/1 Week On-SiteOn-The-Job Training: 32 hours Classroom Training: 30 hours
Support # Store Set-up # Operations Manual # Marketing/Advertising Guide # Lease Negotiations & Site Selection Assistance # Exclusive Territory # Company Wholesale Program # IFA Convention Member # Operational SupportMeetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection
Marketing -Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
Operations --

Expansion Plans

 
Gent's Formal Wear Franchise
Monkee's Franchise
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 Monkee's

An upscale, girlie, always in style boutique where the owner desired to give her customers the ultimate shopping experience - and even know them by name!
It did not take long for the word to spread, and soon Monkee’s of Wilmington was a destination! A second store was opened only a short time later in Winston-Salem, North Carolina by Brenda Maready, the co-owner of Monkee’s Franchising, LLC. The Monkee’s brand has become synonymous with personalized customer service and cutting edge designer fashion. Instead of shopping at big department stores, customers travel to Monkee’s for an intimate shopping experience. At Monkee’s, it has never been just about the sale; it’s about helping a friend walk out feeling beautiful and looking her best.