NTY Clothing Exchange LLC
Teen- and young-adult-clothing resale stores

NTY Clothing Exchange LLC No Longer Franchising
Teen- and young-adult-clothing resale stores

About
Founded

2014

Franchising Since

2014 (6 Years)

Corporate Address

4350 Baker Rd., #350
Minnetonka, MN 55343

Leadership

Ronald Olson, Founder and CEO

Parent Company

NTY Franchise Co. LLC

Financial Requirements
Initial Investment

$174,700 - $331,500

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

NTY Clothing Exchange 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:

33.5hours

Absentee Ownership Allowed
Number of Employees Required to Run:

6

Cost
Initial Investment: Low - $174,700 High - $331,500
Units
+25.0%+0 UNITS (1 Year) +33.3%+1 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: July 13th, 2020