Clothes Mentor

Initial Investment

LOW: $198,000
HIGH: $297,000

Change in Units

+20.7% +30 UNITS (1 Year)
+35.9% +52 UNITS (3 Years)

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Promoted Opportunities

Company Profile



Franchising Since

2007 (9 Years)

Corporate Address

4350 Baker Rd., #350 Minnetonka, MN 55343


Ronald Olson

Parent Company

NTY Franchise Co.

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.


Financial Requirements

Initial Investment

$198,000 - $297,000

Net-worth Requirement


Liquid Cash Requirement

$75,000 - $80,000

Ongoing Fees

Initial Franchise Fee


Ongoing Royalty Fee


Ad Royalty Fee


Financing Options

Clothes Mentor has relationships with third-party sources which offer financing to cover the following: 
equipment, inventory

Veteran Incentives

$2,500 rebate on franchise fee

Franchise 500® Rank History

Highest Rank: 210

Lowest Rank: 470

  • 2009 - 470
* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.

Operations & Franchisor Support

Training Onsite: 4 days

Training at headquarters: 16 days

Ongoing Support
Purchasing Co-ops
Toll-Free Line
Grand Opening
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Number of employees required to run: 8 - 8

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The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: September 30th, 2016

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