Top 100 Franchises
2016
Clothes Mentor resale stores are excelling in this economy. While delivering tremendous values on women’s fashions to customers, Clothes Mentor’s established franchise store owners have attained over 60% gross profit margins. In essence, this means that the stores have 60 cents out of every sales dollar to cover overhead/expenses before the net profit line. These are far superior gross profit margins compared to traditional retailing. Clothes Mentor franchisees achieve these results by utilizing a proven business model, a proprietary point-of-sale computer system, highly-effective advertising materials, training, and follow-up guidance from the support staff.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2014 | 123 | 33.7% | 1 | 0.0% | 124 | 33.33% |
| 2013 | 92 | 22.67% | 1 | 0.0% | 93 | 22.37% |
| 2012 | 75 | -- | 1 | -- | 76 | -- |
Investment Required
The initial franchise fee for a Clothes Mentor franchise is $20,000. Clothes Mentor provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Established Low Range | Established High Range |
|---|---|---|
| Initial Franchise Fee | $15,000 | $20,000 |
| Leasehold Improvements | $15,000 | $25,000 |
| Fixtures and Supplies | $35,000 | $55,000 |
| Signs | $3,500 | $8,000 |
| Inventory | $40,000 | $50,000 |
| Deposits and Business Licenses | $2,000 | $9,000 |
| POS System | $16,000 | $22,000 |
| Miscellaneous Pre-Opening Expenses | $10,000 | $25,000 |
| Additional Funds (3 Months) | $25,000 | $45,000 |
| Total Initial Investment | $161,500 | $259,000 |
Ongoing Expenses
Clothes Mentor Franchisees pay a weekly royalty fee of 4% of total net sales, as well as a national marketing and promotional fee equal to 1% of total net sales, income and sales taxes, and local advertising fees, among others.
What You Get: Training and Support
Franchisees undergo an initial training program that is split into three separate sessions that last approximately four to six days each. Topics covered include management and operation of a privately-owned retail business, instruction on sales and marketing, merchandising, computer operation and others. All sessions take place at the Clothes Mentor's training center in Minnetonka, MN. A field consultant will also be made available to assist in opening and initial operations of the store. Clothes Mentor will continue to provide advisory services relating to store operations, marketing assistance, administrative procedures and more.
Territory
Clothes Mentor grants exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2015 FDD.
2015
Clothes Mentor resale stores are excelling in this economy. While delivering tremendous values on women’s fashions to customers, Clothes Mentor’s established franchise store owners have attained over 60% gross profit margins. In essence, this means that the stores have 60 cents out of every sales dollar to cover overhead/expenses before the net profit line. These are far superior gross profit margins compared to traditional retailing. Clothes Mentor franchisees achieve these results by utilizing a proven business model, a proprietary point-of-sale computer system, highly-effective advertising materials, training, and follow-up guidance from the support staff.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2013 | 92 | 22.67% | 1 | 0.0% | 93 | 22.37% |
| 2012 | 75 | 56.25% | 1 | 0.0% | 76 | 55.1% |
| 2011 | 48 | -- | 1 | -- | 49 | -- |
Investment Required
The initial franchise fee for a Clothes Mentor franchise is $20,000. Clothes Mentor provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Established Low Range | Established High Range |
|---|---|---|
| Initial Franchise Fee | $15,000 | $20,000 |
| Leasehold Improvements | $10,000 | $20,000 |
| Fixtures and Supplies | $40,000 | $59,000 |
| Signs | $4,000 | $10,000 |
| Inventory | $40,000 | $50,000 |
| Deposits and Business Licenses | $2,000 | $9,000 |
| POS System | $16,000 | $22,000 |
| Miscellaneous Pre-Opening Expenses | $8,000 | $20,000 |
| Additional Funds (3 Months) | $28,000 | $48,000 |
| Total Initial Investment | $163,000 | $258,000 |
Ongoing Expenses
Clothes Mentor Franchisees pay a weekly royalty fee of 4% of total gross sales, as well as national marketing and promotional fees, income and sales taxes, and local advertising fees, among others.
What You Get: Training and Support
Franchisees undergo an initial training program that is split into two separate sessions and lasts approximately two weeks. Topics covered include management and operation of a privately-owned retail business, instruction on sales and marketing, merchandising, computer operation and others. While the first session of training occurs over the phone or online, the second session of the training program takes place at Clothes Mentor's training center in Minnetonka, MN. A field consultant will also be made available to assist in opening and initial operations of the store. Clothes Mentor will continue to provide advisory services relating to store operations, marketing assistance, administrative procedures and more.
Territory
Clothes Mentor grants exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2014 FDD.
2014
Clothes Mentor resale stores are excelling in this economy. While delivering tremendous values on women’s fashions to customers, Clothes Mentor’s established franchise store owners have attained over 60% gross profit margins. In essence, this means that the stores have 60 cents out of every sales dollar to cover overhead/expenses before the net profit line. These are far superior gross profit margins compared to traditional retailing. Clothes Mentor franchisees achieve these results by utilizing a proven business model, a proprietary point-of-sale computer system, highly-effective advertising materials, training, and follow-up guidance from the support staff.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2012 | 75 | 56.25% | 1 | 0.0% | 76 | 55.1% |
| 2011 | 48 | 37.14% | 1 | 0.0% | 49 | 36.11% |
| 2010 | 35 | -- | 1 | -- | 36 | -- |
Investment Required
The initial franchise fee for a Clothes Mentor franchise is $20,000. Clothes Mentor provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Established Low Range | Established High Range |
|---|---|---|
| Initial Franchise Fee | $15,000 | $20,000 |
| Leasehold Improvements | $10,000 | $20,000 |
| Fixtures and Supplies | $40,000 | $59,000 |
| Signs | $4,000 | $10,000 |
| Inventory | $40,000 | $50,000 |
| Deposits and Business Licenses | $2,000 | $9,000 |
| POS System | $16,000 | $22,000 |
| Miscellaneous Pre-Opening Expenses | $8,000 | $20,000 |
| Additional Funds (3 Months) | $28,000 | $48,000 |
| Total Initial Investment | $163,000 | $258,000 |
Ongoing Expenses
Clothes Mentor Franchisees pay a weekly royalty fee of 4% of total gross sales, as well as national marketing and promotional fees, income and sales taxes, and local advertising fees, among others.
What You Get: Training and Support
Franchisees undergo an initial training program that is split into two separate sessions and last approximately two weeks. Topics covered include management and operation of a privately-owned retail business, instruction on sales and marketing, merchandising, computer operation and others. While the first session of training occurs over the phone or online, the second session of the training program takes place at Clothes Mentor's training center in Minnetonka, MN.
Territory
Clothes Mentor grants exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2013 FDD.
2013
Clothes Mentor resale stores are excelling in this economy. While delivering tremendous values on women's fashions to customers, Clothes Mentor's established franchise store owners have attained over 60% gross profit margins.
In essence, this means that the stores have 60 cents out of every sales dollar to cover overhead/expenses before the net profit line. These are far superior gross profit margins compared to traditional retailing. Clothes Mentor franchisees achieve these results by utilizing a proven business model, a proprietary point-of-sale computer system, highly-effective advertising materials, training, and follow-up guidance from the support staff.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2011 | 48 | 37.14% | 1 | 0.0% | 49 | 36.11% |
| 2010 | 35 | 94.44% | 1 | 0.0% | 36 | 89.47% |
| 2009 | 18 | -- | 1 | -- | 19 | -- |
Investment Required
The initial fee for a Clothes Mentor franchise ranges from $15,000 to $20,000. Clothes Mentor provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Estimated Low Range | Estimated High Range |
|---|---|---|
| Initial Franchise Fee | $15,000 | $20,000 |
| Leashold Improvements | $10,000 | $20,000 |
| Fixtures and Supplies | $32,000 | $40,000 |
| Signs | $4,000 | $10,000 |
| Inventory | $40,000 | $50,000 |
| Deposits and Business Licenses | $2,000 | $9,000 |
| POS System | $16,000 | $22,000 |
| Miscellaneous Pre-opening Expenses | $8,000 | $20,000 |
| Additional Funds (3 months) | $28,000 | $48,000 |
| Total Initial Investment | $155,000 | $239,000 |
Ongoing Expenses
Clothes Mentor Franchisees pay a royalty fee of 4% of total gross sales, as well as national marketing and promotional fees, income and sales taxes, and local advertising fees, among others.
What You Get: Training and Support
Franchisees undergo an initial training program that is split into two separate sessions and last approximately two weeks. Topics covered include management and operation of a privately-owned retail business, instruction on sales and marketing, merchandising, computer operation and others. The second session of the training program takes place at Clothes Mentor's training center in Minnetonka, MN.
Territory
Clothes Mentor grants exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2012 FDD.
