Next
221/500
Back

Clothes Mentor

2014 Franchise 500
#221
At a Glance

Products & Services: Women's clothing and accessories resale store

Number of Locations: 110

Total Investment: $163K - $258K

Founded: 2001

Began Franchising: 2007

About Clothes Mentor

Clothes Mentor founders Lynn and Dennis Blum previously started two other resale store franchises, Once Upon a Child and Plato's Closet, before selling them to Grow Biz International (now Winmark Corporation). They opened their first Clothes Mentor store in 2001, buying and selling used women's clothing, shoes, purses and other accessories. Grow Biz co-founder Ronald Olson left his company in 2000 in search of a new concept to franchise. He discovered Clothes Mentor and began franchising the concept in 2007.

Franchise Units

Year U.S. Canadian International Company Owned
2014 109 0 0 1
2013 92 0 0 1
2012 61 0 0 1
2011 45 0 0 1
2010 32 0 0 1
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $163,000 - $258,000
Franchise Fee: $20,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $50,000 - $75,000
Operations
50% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 8 - 8. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks,
Other marketing support: POS system

Franchise Ranking History

Franchise 500®: #221 (2014), #235 (2013), #329 (2012), #409 (2011),
Fastest-Growing: #90 (2014),
Top New: #25 (2012), #38 (2011),

Franchise Search

Looking to Start a Business?

Healthier 4U Vending has opportunities available today.

Request Information

Fund Your Franchise with Guidant

Guidant Financal Learn how to invest your IRA or 401k into a franchise penalty-free. ($50k min)

Featured Franchises For Sale

From the Entrepreneur Bookstore

Franchise Bible, 7th Edition
Franchise Bible, 7th Edition
By Erwin J. Keup and Peter Keup
More Info