Gingiss Formal Wear
Franchising since 1936 · 10 locations
The total investment to open a Gingiss Formal Wear franchise ranges from $72,800 - $273,510. Gingiss Formal Wear currently operates 10 locations (10 franchised). The top SBA 7(a) lenders for Gingiss Formal Wear are Arvest Bank, Wells Fargo Bank and Stearns Bank. PeerSense FPI health score: 34/100.
$72,800 - $273,510
10
10 franchised
Proprietary PeerSense metric
LimitedActive capital sources verified for Gingiss Formal Wear financing
SBA
7(a) Eligible
21d
Avg Funding
P+2.25%
Best Rate
No retainers · Referral fee at closing
FPI Score Breakdown
Growing (10-24 loans)
SBA Lending Performance
SBA Default Rate
16.7%
2 of 12 loans charged off
SBA Loans
12
Total Volume
$1.9M
Active Lenders
10
States
7
Top SBA Lenders for Gingiss Formal Wear
What is the Gingiss Formal Wear franchise?
The Gingiss Formal Wear franchise represents a truly distinguished opportunity within the specialized retail sector, offering a unique and compelling proposition for astute entrepreneurs seeking to align their ambitions with a brand synonymous with enduring elegance and the celebration of significant life milestones. Headquartered in MERCED, CA, this franchise capitalizes on a rich legacy built over decades, positioning itself as a premier and reliable destination for individuals and groups requiring impeccable formal attire for a diverse array of occasions that demand nothing less than sartorial perfection. The brand has meticulously cultivated an enviable reputation for providing unparalleled sartorial excellence, consistently catering to the nuanced and often emotionally charged demands of events such as weddings, highly anticipated proms, sophisticated galas, and various pivotal corporate functions where an impeccable presentation is not merely desired but absolutely paramount. The core philosophy driving the Gingiss Formal Wear franchise transcends the simple act of selling or renting garments; it revolves around delivering complete, memorable experiences, ensuring that each and every client feels profoundly confident, exceptionally comfortable, and perfectly attired for their most special moments. This commitment necessitates a meticulous approach to personalized service, a deep and evolving understanding of current fashion trends, and an unwavering dedication to quality that profoundly resonates with a discerning and often repeat clientele. The strategic market position of the Gingiss Formal Wear franchise is firmly established within the premium segment of the formal wear industry, a niche where rigorous attention to detail, highly personalized fittings, and a comprehensive selection of the latest styles and essential accessories are not just expected but are deeply valued. This precise strategic placement allows the franchise to consistently attract customers who unequivocally prioritize superior quality and expert guidance over mere transactional exchanges, thereby fostering
FPI Score
34/100
SBA Default Rate
16.7%
Active Lenders
10
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Gingiss Formal Wear based on SBA lending data
SBA Default Rate
16.7%
2 of 12 loans charged off
SBA Loan Volume
12 loans
Across 10 lenders
Lender Diversity
10 lenders
Avg 1.2 loans per lender
Investment Tier
Mid-range investment
$72,800 – $273,510 total
Gingiss Formal Wear — Deep SBA Data
Brand-specific metrics derived directly from SBA 7(a) approval records — peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.
Peak SBA Year
1998
4 approvals — best year on record for Gingiss Formal Wear.
Top SBA State
California
5 SBA-financed Gingiss Formal Wear locations — the densest operator footprint.
Average Loan Size
$162K
Median $125K — use as a sizing anchor when modeling your own $Gingiss Formal Wear unit.
Lender Concentration
41.7%
Concentrated
Share of Gingiss Formal Wear approvals captured by the top 3 SBA lenders.
Gingiss Formal Wear's SBA lending pipeline peaked in 1998 (4 approvals). Operator density is highest in California with 5 SBA-financed locations. Average funded ticket sits at $162K, with the median at $125K. Lender mix is concentrated: the top three SBA lenders account for 41.7% of approvals — credit decisions concentrate with a small group of incumbents.
Payment Estimator
Estimated Monthly Payment
$754
Principal & Interest only
Locations
Gingiss Formal Wear — unit breakdown
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