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Clothes Mentor
Our women's fashions resale business creates loyal repeat customers who love these stores for their: tremendous value on a wide variety of better brands, in "gently-used" "like-new" condition, at about 70% off mall store pricing, available every day; great shopping experience in a well lit, organized, beautifully designed environment; dynamic, ever-changing inventory bargains; resale business model (not consignment); immediacy and convenience of getting cash, on the spot for selling us their fashions, which we buy right over-the-counter. (No waiting for months to get paid, and no worrying about missing items as in a consignment shop.); and opportunity to take this cash and update their wardrobes on a regular basis...for a lot less!
Franchisor Background
Year Established:
2001
Franchising Since:
2007
IFA Member
Operating Units:
Franchised Units:
129
99.2%
Company-Owned Units:
1
0.8%
______
_____
Total Operating Units:
130
100%
Geographic Distribution:
U.S.:
130
100%
In 25 States
Canada:
0
0%
In 0 Canadian Provinces
International:
0
0%
In 0 Foreign Countries
______
_____
Total:
130
100%
North America:
States/Provinces with the largest number of operating units:
Density
Units
1. Texas
13
2. Ohio
12
3. Minnesota
8
Registered in Following Registration States:
Florida, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Virginia, Washington, Wisconsin
Financial Requirements
Investment:
Minimum Net Worth:
$300K
Cash Investment:
$75K
Total Investment:
$155-235K
Average Total Investment:
$200K
Fees:
Initial Franchise Fee:
$20K
Average Franchise Fee:
$20K
On-Going Royalty:
4%
Average Royalty:
4%
Advertising Fee:
1500
Average Number of Employees:
2 Full-time, 8 Part-time
Space Needs (in square footage):
3500
Preferred Sites:
Strip Center
Other Sites:
Encourage Conversions?
Yes
Earnings Claims Provided?
Yes
Listed in the SBA Registry?
Yes
Support and Training
International Franchise Association:
Yes
Canadian Franchise Association:
No
Franchisee Association/Member:
No
Size of Corporate Staff:
10
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
