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Franchise: Clothes Mentor

Initial Investment
LOW:$219,000
HIGH: $344,000
Change in Units
+5.1% +7 UNITS (1 Year)
+54.8% +51 UNITS (3 Years)

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations
Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media

Training Onsite: 20 hours

Training at headquarters: 63 hours

Number of employees required to run: 8 - 8

About Clothes Mentor

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.

Founded

2001

Franchising Since

2007 (10 Years)

Corporate Address

4350 Baker Rd., #350 Minnetonka, MN 55343

CEO

Ronald Olson

Parent Company

NTY Franchise Co.

Units (Locations)

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

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

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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: September 18th, 2017

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