My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Clothes Mentor
#491 Franchise 500| Women's clothing and accessories resale stores

About
Founded

2001

Franchising Since

2007 (11 Years)

Corporate Address

4350 Baker Rd., #350
Minnetonka, MN 55343

CEO

Ronald Olson

Parent Company

NTY Franchise Co.

Financial Requirements
Initial Investment

$219,000 - $344,000

Net-worth Requirement

$400,000

Liquid Cash Requirement

$75,000 - $90,000

Ongoing Fees
Initial Franchise Fee

$20,000 - $20,000

Ongoing Royalty Fee

4%

Ad Royalty Fee

$2K/yr.

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

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 hours

Classroom Training:

63 hours

Number of Employees Required to Run:

8 - 8

Clothes Mentor is ranked #491 in the Franchise 500!
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 100 stores in 30 states. Clothes Mentor specializes in buying and selling like-new clothing, shoes and accessories for women.
Cost
Initial Investment: Low - $219,000 High - $344,000
Units
+2.1%+3 UNITS (1 Year) +27.8%+32 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

Can Colleges Teach People How to Franchise?

Long neglected by business schools, franchising is finally gaining a foothold in the world of higher ed. But will students follow?

The 4 Ways Associations Can Help Franchisees

While independent franchisee associations can be viewed as confrontational, when all involved parties get talking, the groups can be a collaborative source of support and education.

A Buzzing Business: How These Entrepreneurs Turned a Longtime Annoyance Into Successful Careers in Pest Control

Mosquito Joe franchisees Kurt and Melissa Godwin share how their second career helped create a better work-life balance for them.

The 5 Attributes of Franchises Growing with Velocity

Some franchise concepts can amplify growth with the right attributes. Learn how to spot them.

How This Franchisor Found Sweet Success With an Ice Cream Experiment

Creamistry's Jay Yim took a crazy experiment in his garage and grew it into a global ice cream brand.

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: September 18th, 2017