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Gent's Formal Wear
400 E. Wright St.
Pensacola, FL 32501
800#: (866) 889-GENTS
Tel: (850) 434-3272
Fax: (850) 439-2177
E-Mail: [email protected]
Web Site: www.gentsformalwear.com
Contact: Mr. Richard Crenshaw, President
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
Established: 1980
First Franchise: 1991
Franchise Units: 4
Company-Owned Units: 1
Total Units: 5
Distribution:
U.S. -- 5;
Canada -- 0;
International -- 0
-North America -- Operations in 2 States
-States/Provinces with Greatest Density: 3 in FL, 1 in UT
Projected New Units Over Next 12 months: 2
Franchisee Qualifications: 5, 4, 3, 3, 3, 4
(Click here for an explanation)
Registered in Following Registration States: FL (Click here for an explanation)
Average Number of Employees: 1 FT, 2 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,000 SF; FS, SC
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $75K
Total Investment: $50-75K
Average Total Investment: $62.5K
Minimum Net Worth: $100K
Fees:
-Franchise: $15K
-Average Franchise Fee: $15.0K
-Royalty: 6%
-Average Royalty: 6.0%
-Advertising: 0%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 5/5
Passive Ownership: Discouraged
Area Development Agreements: Yes
Sub-Franchising Contracts: Yes
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: No
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: Yes/Yes
Size Of Corporate Staff: 2
On-Going Support: A,B,C,d,E,F,h (Click here for an explanation)
Training: 2 Weeks Home Office; 1 Week at Franchise Location
Franchisor's Specific Expansion Plans
U.S.: Southeast
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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