Gingiss Formalwear vs Discount Clothing Store Developers Franchise Comparison

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

Start-Up Costs and Fees

 
Gingiss Formalwear Franchise
Discount Clothing Store Developers Franchise
Investment $94,680 - $242,680 $66,900 - And Up
Franchise Fee N/A N/A
Royalty Fee - -
Advertising Fee - -
Year Founded - -
Year Franchised - -
Term Of Agreement - -
Term Of Agreement - -
Renewal Fee - -


Business Experience Requirements

 
Gingiss Formalwear Franchise
Discount Clothing Store Developers Franchise
Experience - -

Financing Options

 
Gingiss Formalwear Franchise
Discount Clothing Store Developers Franchise
  In-House/3rd Party In-House/3rd Party
Franchise Fees -/- -/-
Start-up Costs -/- -/-
Equipment -/- -/-
Inventory -/- -/-
Receivables -/- -/-
Payroll -/- -/-

Training & Support

 
Gingiss Formalwear Franchise
Discount Clothing Store Developers Franchise
Training - Training begins well before, and continues well after, the opening of the store. The storeowner will be assigned a trainer from our corporate offices. The training program includes a complete review of the comprehensive operations manual and other materials including: Store Build Out and Preparation Cash Management Hours of Operation Inventory Order and Control Merchandise Ordering Merchandising Store security Employee Handbook Customized training can be done telephonically or a combo of class room training at our corporate headquarters is available.
Support - -
Marketing - -
Operations - -

Expansion Plans

 
Gingiss Formalwear Franchise
Discount Clothing Store Developers Franchise
US Expansion - Yes
Canada Expansion - -
International Expansion - -

Start-Up Costs and Fees Mobile

Investment
Gingiss Formalwear Franchise
$94,680 - $242,680
Discount Clothing Store Developers Franchise
$66,900 - And Up
Franchise Fee
Gingiss Formalwear Franchise
N/A
Discount Clothing Store Developers Franchise
N/A
Royalty Fee
Gingiss Formalwear Franchise
-
Discount Clothing Store Developers Franchise
-
Advertising Fee
Gingiss Formalwear Franchise
-
Discount Clothing Store Developers Franchise
-
Year Founded
Gingiss Formalwear Franchise
-
Discount Clothing Store Developers Franchise
-
Year Franchised
Gingiss Formalwear Franchise
-
Discount Clothing Store Developers Franchise
-
Term Of Agreement
Gingiss Formalwear Franchise
-
Discount Clothing Store Developers Franchise
-
Renewal Fee
Gingiss Formalwear Franchise
-
Discount Clothing Store Developers Franchise
-


Business Experience Requirements

Experience
Gingiss Formalwear Franchise
-
Discount Clothing Store Developers Franchise
-

Financing Options

  In-House/3rd Party
Franchise Fees
Gingiss Formalwear Franchise
-/-
Discount Clothing Store Developers Franchise
-/-
Start-up Costs
Gingiss Formalwear Franchise
-/-
Discount Clothing Store Developers Franchise
-/-
Equipment
Gingiss Formalwear Franchise
-/-
Discount Clothing Store Developers Franchise
-/-
Inventory
Gingiss Formalwear Franchise
-/-
Discount Clothing Store Developers Franchise
-/-
Receivables
Gingiss Formalwear Franchise
-/-
Discount Clothing Store Developers Franchise
-/-
Payroll
Gingiss Formalwear Franchise
-/-
Discount Clothing Store Developers Franchise
-/-

Training & Support

Training
Gingiss Formalwear Franchise
-
Discount Clothing Store Developers Franchise
Training begins well before, and continues well after, the opening of the store. The storeowner will be assigned a trainer from our corporate offices. The training program includes a complete review of the comprehensive operations manual and other materials including: Store Build Out and Preparation Cash Management Hours of Operation Inventory Order and Control Merchandise Ordering Merchandising Store security Employee Handbook Customized training can be done telephonically or a combo of class room training at our corporate headquarters is available.
Support
Gingiss Formalwear Franchise
-
Discount Clothing Store Developers Franchise
-
Marketing
Gingiss Formalwear Franchise
-
Discount Clothing Store Developers Franchise
-
Operations
Gingiss Formalwear Franchise
-
Discount Clothing Store Developers Franchise
-

Expansion Plans

US Expansion
Gingiss Formalwear Franchise
-
Discount Clothing Store Developers Franchise
Yes
Canada Expansion
Gingiss Formalwear Franchise
-
Discount Clothing Store Developers Franchise
-
International Expansion
Gingiss Formalwear Franchise
-
Discount Clothing Store Developers Franchise
-

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 Discount Clothing Store Developers

Discount Clothing Store Developers is a business opportunity, NOT A FRANCHISE! The owner and management staff of Discount Clothing Store Developers has owned and operated retail stores for many years, so we fully understand what is necessary for storeowners to be the most successful. Based on our knowledge and expertise, we will guide you in structuring your retail operation providing the basis of how to conduct business. Elements such as human resources finding and keeping productive trustworthy employees, to budgeting for financial stability and growth potential, and effective cost-minded marketing; these items are the foundation for any successful business. In addition, we know what merchandise to provide to the stores, how to merchandise it in a professional manner creating demand, and when to start the closeout process preparing for the next seasonal session. All of these elements provide for a proper inventory flow allowing for the greatest opportunity for profit and long term success. Merchandise pricing strategies is another key ingredient to success. History has shown us that with proper pricing schemes you create a desire for your customer to spend more than they anticipated by using "2 for" pricing, multi-unit discounting, and clearly showing your discounted pricing verses MSRP. After analysis of your market and rent structure, we will recommend the pricing formula to you with the greatest net revenue projection considering all relevant factors.