About The Formalwear Business
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A $Multi-Million Marketplace |
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Many of life's greatest moments - weddings, awards ceremonies, testimonials, debutante balls and school formals take place in formalwear. Taking your place within the formalwear industry as a FORMALWEAR EXPRESS franchise owner is what our franchise opportunity is all about. Did you know the wedding industry in Australia is worth $3.58 Billion a year and that's more than the music or toy industries? Men's suit hire for weddings is a significant part of this turnover and 80% of our business is through weddings.
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The FormalWear Market Today |
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FORMALWEAR EXPRESS franchises operate throughout the country with in excess of 30 Territories being serviced by Franchise operators. In addition to the 80% of suit rental/sales that take place throughout the year via the wedding industry, school formals, black tie or dinner suit rentals account for about 20% of our annual rental.
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The Potential of a FormalWear Express Franchise |
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Consider the following. With over 114,000 weddings taking place annually and the average suit rental expenditure being $500 per wedding, capitalise on this and be the number ONE rental operation in your area. And, unlike many trends, the desire to look great on your wedding day or your formal is relatively resistant to recession. Other elements of the big day might be cut back, but the participants still want to look good.
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