Gingiss Formalwear
Gingiss Formalwear
2101 Executive Dr.
Addison, IL 60101-1482
800#: (800) 621-7125
Tel: (630) 620-9050
Fax: (630) 620-8840
E-Mail: [email protected]
Web Site: www.gingiss.com
Contact: Mr. Tom Ryan, VP Franchise Development
GINGISS FORMALWEAR specializes in the rental and sale of men's and boys' tuxedos and related accessories. GINGISS is the leader in the formalwear wedding industry that does not go out of style, and is the only national formalwear chain that can coordinate groomsmen from coast to coast. GINGISS manufactures its own proprietary lines of formalwear, including exclusive designers such as Oleg Cassini.
Franchisor Background
Established: 1936
First Franchise: 1968
Franchise Units: 170
Company-Owned Units: 85
Total Units: 255
Distribution:
U.S. -- 255;
Canada -- 0;
International -- 0
�North America -- Operations in 33 States
�States/Provinces with Greatest Density: 41 in TX, 38 in IL, 30 in CA
Projected New Units Over Next 12 months: 15
Franchisee Qualifications: 3, 3, 3, 3, 3, 3
(Click here for an explanation)
Registered in Following Registration States: CA,FL,IL,IN,MD,MI,MN,NY,OR,RI,VA,WA,WI,DC
Average Number of Employees: 2 FT, 4 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,100-1,200 SF; FS, SF, SC, RM
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $59-107K
Total Investment: $98.7-242.7K
Average Total Investment: $170.7K
Minimum Net Worth: $NR
Fees:
�Franchise: $15K
�Average Franchise Fee: $15.0K
�Royalty: 8%
�Average Royalty: 8.0%
�Advertising: 2%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Discouraged
Area Development Agreements: Yes
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: Yes/Yes
Size Of Corporate Staff: 50
On-Going Support: B,C,D,E,F,G,H (Click here for an explanation)
Training: 1 Week Corporate Headquarters; 1 Week Company Operated Store; On-Going on Location.
Franchisor's Specific Expansion Plans
U.S.: All US, Except West Coast
Canada: All Canada
Overseas: No
Note: NR = No Response by Franchisor.
Click here for a sample questionnaire.
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