Summary
Formalities Inc
Founded in 2001
Description
Formalities is a family-owned bridal and formal wear boutique in historic downtown Bemidji. They have been serving Northern Minnesota as the premier bridal and prom headquarters since 1987. They offer a wide range of prestigious styles from the nation'...
Strengths
- Revenue growth is more steady than the industry average
Weaknesses
- Formalities Inc has a very small market share in their industry
- Revenue generated per employee is less than the industry average
- Since Formalities Inc was founded, the company has experienced slower revenue growth than the industry average
Annual Revenue
Formalities Inc's annual revenue
$1939000
Based on Kona Equity data
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Revenue per employee
$323166
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Variance of revenue growth
0.13
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Annual revenue growth since founding
$84304
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Revenue growth rate from first known quarter to current
-67.7%
Employee Count
6 employees
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Employee growth rate from first known quarter to current
-66.7%
G Score - 1
The G Score is an eight-point scale where firms are given a score of 1 for each of the criteria that they pass. The G score compares a company against the industry median to find those that are healthy and growing.
- G5 Variance of revenue growth is less than the industry average
Location
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Key Information
- Name: Formalities Inc
- Category: Apparel fashion
- Industry: Bridal Shop
See similar companies
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By City Bemidji Small Bridal Shop in Bemidji Mid-size Bridal Shop in Bemidji Apparel & Fashion in Bemidji Small Apparel & Fashion in Bemidji Mid-size Apparel & Fashion in Bemidji
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By State MN Small companies in MN Apparel & Fashion in MN Small Apparel & Fashion in MN Mid-size Apparel & Fashion in MN Small Bridal Shop in MN Mid-size Bridal Shop in MN
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By Category Apparel & Fashion Small Apparel & Fashion Mid-size Apparel & Fashion
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By Industry Bridal Shop Small Bridal Shop Mid-size Bridal Shop Apparel & Fashion and Bridal Shop
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Firmographic data G Score of 1 Founded in 2001
Frequently Asked Questions
Formalities Inc's headquarters are located at 421 Beltrami Ave. Bemidji, MN 56601.
Formalities Inc's official website is formalitiesmn.com
Formalities Inc's annual revenue is $1.9 M.
Formalities Inc has 6 employees
Formalities Inc is in the industry of Apparel fashion.
