Want to open a Clothes Mentor?
2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$250K - $363K
Units as of 2020
135 8.2% over 3 years

Company Overview

Clothes Mentor is the flagship brand of NTY Franchise Co., which also franchises Children's Orchard. Clothes Mentor began franchising in 2007 and now has stores in 30 states. Clothes Mentor specializes in buying and selling like-new clothing, shoes and accessories for women.

About Clothes Mentor

Industry
Retail
Related Categories
Apparel & Accessories
Founded
2001
Parent Company
NTY Franchise Co. LLC
Leadership
Ronald Olson, President
Sponsored Content

More from Clothes Mentor

family in front of Clothes Mentor storefront

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.

Clothes Mentor Employees

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.

Franchising Overview

Franchising Since
2007 (14 years)
# of employees at HQ
18
# of Units
135 (as of 2020)

Franchisor Information

Corporate Address
13801 Industrial Park Blvd.
Plymouth, MN 55441

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 - $363,000
Net Worth Requirement
$400,000
Cash Requirement
$90,000
Veteran Incentives
$2,500 off 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
49.5 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing
Loyalty 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?
Yes

Franchise 500 Ranking History

Compare where Clothes Mentor landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021