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Clothes Mentor

2012 Franchise 500
#329
At a Glance

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

Number of Locations: 46

Total Investment: $140K - 229K

Founded: 2001

Began Franchising: 2007

Private Owned

Franchise Units

Year U.S. Canadian International Company Owned
2011 45 0 0 1
2010 32 0 0 1
2009 17 0 0 1
2008 9 0 0 1
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.

Startup Costs, Ongoing Fees and Financing

Total Investment: $140,000 - $229,000
Franchise Fee: $20,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $40,000
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).
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,
Marketing Support: Co-op advertising, Ad slicks,

Franchise Ranking History

Franchise 500®: #329 (2012), #409 (2011), #470 (2009),
Top New: #25 (2012), #38 (2011),