Clothes Mentor

  • Clothes Mentor, LLC
4350 Baker Rd., # 350
Minnetonka, MN 55343
USA
  • (866) 261-2030 / (952) 923-1223
  • (952) 923-1224 (Fax)

Our women's fashion resale business creates loyal, repeat customers who love Clothes Mentor for its tremendous value: a wide variety of name-brand and designer clothing, shoes and accessories in like-new condition for about 70% off of mall store pricing. Stores provide a great shopping experience in a well-lit, highly organized and beautifully designed space. Clothes Mentor’s resale business model is different than consignment or thrift. It includes buying merchandise directly from customers for cash on-the-spot. In comparison, consignment stores only pay customers a percentage of the profit when (or if) their specific merchandise sells. Thrift stores, on the other hand, usually don’t pay customers for merchandise at all, accepting donated goods for inventory. Clothes Mentor customers love the convenience of cash on-the-spot and the opportunity to update their wardrobes with unique pieces on a regular basis—for less!

Franchisor Background

Year Established: 2001

Franchising Since: 2006

Operating Units

Franchised Units 136 99.3%
Company-Owned Units 1 0.7%
Total Operating Units 137 100%

Geographic Distribution

USA 137 100.0% In 29 States
Canada 0 0.0% In 0 Provinces
International 0 0.0% In 1 Foreign Countries
Total 137 100%

Multi-Unit Operators

Multi-Unit Operators N/A
Franchises Owned by Multi-Unit Operators N/A

North American Unit Density

Density Units
Ohio 16
Texas 15
Illinois 12

Registered in the following Registration States

California, Florida, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, South Dakota, Virginia, Washington, Wisconsin

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Support and Training

General Information

IFA Member Yes
CFA Member No
Franchisee Association? No
Size of Corporate Staff 22
Site Selection
Assistance
Yes
Lease Negotiation Assistance Yes
Financial Assistance No

Marketing Support

Co-Op Advertising Yes
National Advertising No
Regional Advertising No
Local Advertising Yes
Marketing Materials Ad Slicks, Brochures, Coupons/Rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Videos
Additional Services: Grand Opening, In-House Marketing, Newsletter, Online Extranet, Press Releases, Sales Strategies

Ongoing Support

Central Data Processing Yes, at additional cost
Central Purchasing N/A
Field Operation Evaluation Included
Field Training Included
Initial Store Opening Included
Inventory Control Included
Franchisee Newsletter Included
Regional or National Meetings Yes, at additional cost
800 Telephone Hotline Included

Training

Minneapolis, MN 3 Weeks
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Financial Requirements

Investment

Minimum Net Worth $300K
Cash Investment $75K
Total Investment $198-297K
Average Total Investment $248K

Fees

Initial Franchise Fee $20K
Average Franchise Fee $20K
On-Going Royalty 4%
Average Royalty N/A
Advertising Fee 5%

Site Information and Requirements

Average Number of Full-Time Employees 2
Average Number of Part-Time Employees 8
Space Needs (in square feet) 3000
Preferred Site Types Strip Center
Encourages Conversions Yes
Item 19 (Earnings Claim) Provided? Yes
Listed in the SBA Registry? Yes
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Franchisee Qualifications

Financial Net Worth 5
General Business Experience 3
Specific Industry Experience 2
Formal Education 3
Psychological Profile 2
Personal Interviews 5
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Terms of Contract

Term of Initial Contract 10
Term of Renewal Period 10
Passive Ownership? Not Allowed
Area Development
Agreements?
No
Sub-Franchisor
Contracts?
No
Franchisees Allowed to Expand Within Territory? No
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Expansion Plans

Projected New Units Over Next 12 Months 16
USA Yes, All United States
Canada No
Overseas No
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Request Information for Clothes Mentor

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