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Everybody knows that weddings are big business. Love and marriages are relatively resistant to recession. GENTS is a highly attractive and affordable franchise for the individual or couple seeking to enter the business world.
Franchisor Background
Year Established: 1980Franchising Since: 1991
Operating Units: Franchised Units: 6 85.7% Company-Owned Units: 1 14.3% ______ _____ Total Operating Units: 7 100% Geographic Distribution: U.S.: 7 100% In 2 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries ______ _____ Total: 7 100% North America: States/Provinces with the largest number of operating units: Density Units 1. Florida 1 2. Tennessee 1 3. Georgia 1
Registered in Following Registration States: Florida Financial Requirements
Investment: Minimum Net Worth: $100K Cash Investment: $75K Total Investment: $50-75K Average Total Investment: $62K Fees: Initial Franchise Fee: $15K Average Franchise Fee: $15K On-Going Royalty: 6% Average Royalty: 6% Advertising Fee: 0%
Average Number of Employees: 1 Full-time, 2 Part-timeSpace Needs (in square footage): 1,000Preferred Sites: Free-standing Building, Strip CenterOther Sites: Encourage Conversions? YesEarnings Claims Provided? YesListed in the SBA Registry? NoSupport and Training
International Franchise Association: No Canadian Franchise Association: No Franchisee Association/Member: Yes, Member Size of Corporate Staff: 2 Site Selection Assistance? Yes Lease Negotiation Assistance? Yes Financial Assistance? No Marketing Support: Co-Op Advertising: No National Advertising: No Regional Advertising: No Local Advertising: No Marketing Materials: None Specified Additional Services: None Specified Other Marketing Support: None Specified On-Going Support: Central Data Processing: Included in Fees Central Purchasing: Included in Fees Field Operation Evaluation: Included in Fees Field Training: At Additional Cost Initial Store Opening: Included in Fees Inventory Control: Included in Fees Franchisee Newsletter: Not Applicable Regional or National Meetings: At Additional Cost 800 Telephone Hotline: Not Applicable Training: 1. Home Office 2 Weeks 2. Franchise Location 1 Week
Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important): Financial Net Worth: 5 General Business Experience: 4 Specific Industry Experience: 3 Formal Education: 3 Psychological Profile: 3 Personal Interview(s): 4
Minority Representation
Units Owned by Minorities: African-American: N/A Asian-American: N/A Hispanic: N/A Native American: N/A Other: N/A Specific Minority: N/A
Terms of Contract
Term of Initial Contract: 5 Year(s) Term of Renewal Period: 5 Year(s) Passive Ownership: Allowed, But Discouraged Area Development Agreements? Yes, for 1 Year(s) Sub-Franchising Contracts? Yes Franchisees Allowed to Expand Within Territory? Yes
Expansion Plans
Projected New Units Over Next 12 months: 2
U.S.: Yes, Southeast Canada: No Overseas: No
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