Clothes Mentor
Women's clothing, shoes, and accessories resale stores- 2022 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$250K - $364K
- Units as of 2022
-
123 8% over 3 years
Company Overview
About Clothes Mentor
- Industry
- Retail
- Related Categories
- Apparel & Accessories
- Founded
- 2001
- Parent Company
- NTY Franchise Co. LLC
- Leadership
- Ronald Olson, President
More from Clothes Mentor
Clothes Mentor is a Perfect Fit.
Clothes Mentor is so much more than retail. Our upscale resale concept serves fashionable women locally through a stylish store front and a national eCommerce website. Your community benefits from a “cash-on-the-spot” offer to buy gently used fashions in a convenient way. Those amazing items are given a new life by connecting to shoppers seeking desirable brands at a great price.
Our most successful franchisees seek flexible lifestyles. They are individuals and couples seeking to gain wealth, freedom of time and enjoy giving back and being part of their communities.
Resale is predicted to grow eleven times faster than broader retail clothing by 2025 to more than $77 billion annually. The timing is right to join our community of 135 Clothes Mentor stores with desirable territories available.
Clothes Mentor is the perfect fit to give you flexibility and growth potential. Start building the future you want today.
Related Spotlight Article: Clothes Mentor Franchisees Tap into the Booming Resale Retail Experience
Franchising Overview
- Franchising Since
- 2007 (15 years)
- # of employees at HQ
- 18
- Where seeking
-
This company is seeking new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
- # of Units
- 123 (as of 2022)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Clothes Mentor franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $25,000
- Initial Investment
- $250,000 - $363,500
- Net Worth Requirement
- $400,000
- Cash Requirement
- $90,000
- Veteran Incentives
- $2,500 rebate on franchise fee
- Royalty Fee
- 4%
- Ad Royalty Fee
- $2K/yr.
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Clothes Mentor has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 20.5 hours
- Classroom Training
- 32 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingMarketing Planning & SupportSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 8-10
- Are exclusive territories available?
- No
Request free information
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Franchise 500 Ranking History
Compare where Clothes Mentor landed on this year’s Franchise 500 Ranking versus previous years.
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