The Gents Place Closes Out First Year Of Franchising With Impressive Sales Growth And Accelerated Development
Male Grooming & Lifestyle Club receives investment from Dallas Cowboys owner Jerry Jones and Blue Star Innovation Partners
January 22, 2018 // Franchising.com // DALLAS - The Gents Place, a lifestyle club bringing men’s grooming to the next level, announced today strong sales growth and development as the brand closed out a successful first year in franchising. The Gents Place launched its franchise opportunity in 2016 and made great strides in their expansion with the signing of franchise agreements that will bring 11 new locations to markets nationwide including, Austin, Chicago, Houston and San Antonio. The brand also received a significant investment from Blue Star Innovation Partners, an investment venture for growth-stage companies founded by Dallas Cowboys owner Jerry Jones, which will further fuel development efforts in 2018 and beyond. With four corporate-owned lifestyle clubs open in Dallas and Kansas City and the first franchised location in Chicago, The Gents Place is projected to open an additional 150 locations over the next five years.
“From our accelerated development efforts to a rise in revenue, The Gents Place experienced tremendous growth this year and given the continued growth and interest in the male grooming industry, I truly believe there is no limit to what we can achieve,” said Ben Davis founder and president of The Gents Place. “The success we’ve experienced this year is a testament to our unique position in the male grooming segment and largely due in part to our dedicated corporate staff and passionate franchisees. We’ve got great momentum going into 2018, which has positioned us to exceed the goals we have set for ourselves and the brand.”
The Gents Place reached a milestone this year with the opening of it’s first franchised location in the bustling Chicago Loop, which is owned and operated by franchisee Peter Terracina who also has plans to open a second club in the Fulton River District in 2018. The company’s second franchised location is slated to open in Houston’s River Oaks neighborhood in February with multi-unit franchisee Jeff Stocks, who signed a six-unit franchise agreement to develop the concept in and around the Houston area. The Gents Place signed an additional franchise agreement for development in San Antonio with Cecilia Johnson, who is also chief financial officer of Massage Heights Franchising, LLC, which will further expand the brand’s presence throughout Texas. Johnson’s location, which will be the first in San Antonio, will open in the fall of 2018 with plans to expand into neighboring markets thereafter. Additionally, The Gents Place will open its fifth corporate-owned club in February located at 3227 McKinney Ave. in the eclectic Uptown area. Marking the fourth location for the brand throughout Dallas, with another club slated to open in the city later this summer.
It was announced in December that Dallas Cowboys owner Jerry Jones and chairman of Blue Star Sports Rob Wechsler made a significant investment in The Gents Place. Recognizing the incredible growth potential, Jones and Wechsler plan to leverage their 30 years of business experience, resources and contacts in the world of sports to accelerate the brand’s franchise expansion nationwide.
“Ben is a savvy entrepreneur who has aggressive plans to grow The Gents Place nationwide through the franchising model and we believe that given the right guidance and resources, he can achieve that goal,” said Dallas Cowboys owner, president and general manager Jerry Jones.
The Gents Place prides itself on having one of the most unique service menus in the industry, epitomizing the exclusivity of an old-world speakeasy paired with an upscale, welcoming country club atmosphere. Not only can guests enjoy an incredible hair service and shave in the best men’s grooming and lifestyle clubs in town, but also they can take advantage of all of the luxuries of a modern spa. In addition to offering men’s grooming services, The Gents Place is a purveyor of hard-to-find retail goods from all over the world including its proprietary Rascal line of products, Truefitt & Hill, and Lakme, among others.
The company currently has five lifestyle clubs open in Dallas, Southlake and Frisco Texas, Leawood, Kansas and Chicago, with additional locations in development in Texas and Illinois. The Gents Place is seeking qualified franchisees to join the brand and currently has opportunities nationwide in markets such as Texas, Georgia, Florida and Illinois.
Prospective single- and multi-unit franchisees should possess a minimum net worth of $400,000 and liquid assets of at least $175,000. Candidates should have strong business, management and/or marketing experience. Franchisees can expect their initial investment to be between $440,955 – $705,980, including a $40,000 franchise fee. The Gents Place franchisees are provided with an array of tools to position them for success, including franchisee and management training; a proprietary web-based management system; ongoing hands-on training for club employees to learn our unique grooming methods, management and administration of a club; and advertising, marketing and public relations support. Additionally, The Gents Place provides assistance with site selection and construction.
To learn more about ownership opportunities with The Gents Place, contact Pete Wei, Franchise Development at email@example.com or visit http://www.tgpfranchising.com. Financing is available through the Small Business Administration for qualified franchisees. For more information visit https://www.franchiseregistry.com. Follow The Gents Place on Facebook, Twitter and Instagram for the latest news and trends.
The Gents Place's robust franchise growth is backed by Elevated Brands, a brand management and development company established by the principals of Massage Heights, a membership-based, therapeutic services franchise. In 2016, Elevated Brands invested in The Gents Place to help grow the brand nationally through the franchising model.
About The Gents Place
The Gents Place is the next level in men’s grooming and lifestyle club that helps gentlemen look and feel their most confident best. Founded in 2008, the company has grown to include lifestyle clubs in Dallas, Southlake and Frisco, Texas, as well as Leawood, Kansas. The Gents Place provides luxury men's grooming services in addition to straight razor shaves, shoe shines and hand and foot repairs in a refined and timeless environment. For more information on The Gents Place, visit thegentsplace.com
About Elevated Brands
Elevated Brands is the brand management and development company established by the principals of Massage Heights, the membership-based, therapeutic services franchise company. The company provides emerging lifestyle concepts with the tools and strategic planning needed to grow their brands through the franchising model. Through its leadership team’s deep franchise experience in the health and wellness space, Elevated Brands is on track to build a family of lifestyle brands that are dedicated to the well-being of those they serve. Its current portfolio includes Massage Heights Franchising, Summit Franchise Supply and The Gents Place.
SOURCE The Gents Place