Clothes Mentor LLC
Women's clothing and accessories resale stores

About
Founded

2001

Franchising Since

2007 (13 Years)

Corporate Address

13801 Industrial Park Blvd.
Plymouth, MN 55441

Leadership

Ronald Olson, President

Parent Company

NTY Franchise Co. LLC

Financial Requirements
Initial Investment

$198,000 - $362,500

Net-worth Requirement

$400,000

Liquid Cash Requirement

$90,000

Ongoing Fees
Initial Franchise Fee

$25,000 - $25,000

Ongoing Royalty Fee

4%

Ad Royalty Fee

$2K/yr.

Financing Options

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

Veteran Incentives

$2,500 off franchise fee

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Co-op Advertising

Ad Templates

National Media

Regional Advertising

Social media

SEO

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

20.5 hours

Classroom Training:

49.5 hours

Number of Employees Required to Run:

8 - 8

Bio
Clothes Mentor is the flagship brand of NTY Franchise Co., which also franchises Children's Orchard and NTY Clothing Exchange. Clothes Mentor began franchising in 2007 and now has more than 140 stores in 30 states. Clothes Mentor specializes in buying and selling like-new clothing, shoes and accessories for women.
Cost
Initial Investment: Low - $198,000 High - $362,500
Units
-4.9%-7 UNITS (1 Year) -6.3%-9 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.

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Disclaimer

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: October 8th, 2020