Clothes Mentor

At 146 stores in over 30 states, Clothes Mentor is the largest and most technologically advanced chain of Women's Fashions RESALE stores.

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Clothes Mentor

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Clothes Mentor Franchise Cost and Requirements for 2022

Background

• While it's common to see "mom & pop," non-franchise consignment stores limited to only around $200k in annual sales revenues, 75% of Clothes Mentor stores see between $500k to $1.6 million in annual sales revenues. 65% Gross Profit Margins are HUGE.
• NOT your Grandmother's thrift store! These beautifully designed and well-merchandised stores fit right in next to national brand retail power strips and centers.
• Proprietary, cloud-based hardware/software Point of Sale (POS) system collects "Big Data" from 146 stores on Brand/Style/Color/Trends to help franchisee know what to buy and pay to customer to purchase their fashions right over the counter - and what to sell the items for to maintain very high gross profit margins while providing the best value to customers.

Company Details

Established: 2001
First Unit Franchised: 2006
Franchised Units: 134
Company Owned Units: 0
States Registered In: ALL STATES (except HA & RI)
Canada Franchises: No
International Franchises: No

Support and Training Offered By Clothes Mentor

Financial Assistance Provided: Yes
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: NA
Co-Operative Advertising: Yes

Training:

Session 1 - Business Training


You (or if you are an entity, a Principal Owner) must attend 2 1/2 days of Business Training covering subjects that address pre-Store opening procedures and tools that you will need prior to opening your Store including real estate/site selection, business planning, new Store development, marketing, personnel management, and QuickBooks. You (or if you are an entity, a Principal Owner) must attend the first available Business Training class after you have signed your Franchise Agreement.

Session 2 - Operations and In-Store Training

You (or if you are an entity, a Principal Owner) and your Store manager must attend 6 days of Operations and In-Store Training. Operations Training currently lasts 4 days and will cover subjects that address back-of-house administration, loss prevention, inventory management, customer service and Store standards, including grand opening marketing, merchandising and product knowledge. In-Store Training will take place in our corporate Store for a period of approximately 2 days, and will focus on the key areas of running your new Store including: POS training, Store procedures, product buying, local Store marketing, customer service and visual merchandising.

You (or if you are an entity, a Principal Owner) must have successfully completed Business Training before you may attend Operations and In-Store Training. Before Operations and In-Store Training, you also must have a signed lease that has been received by us and ordered your fixture package. Operations and In-Store Training must be completed before you begin your "Open to Buy" period.


2022 Franchise Requirements Needed to Own a Clothes Mentor Franchise.

What does a Clothes Mentor Franchise Cost?

Clothes Mentor franchise fees for 2022:

Cash Investment: $75,000 - $100,000
Total Investment: $221,500 - $340,000
Minimum Net Worth: $400,000
Franchise Fee: $25,000
Royalty: 4%
Ad: $2,000/year
Average Number of Employees: 7
Item 19: Yes
Visa Candidates: Yes
Passive Ownership: No
Home Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: Yes - $2,500 off of Initial Fee when store opens.

Is Clothes Mentor a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Clothes Mentor is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is Clothes Mentor a Home Based franchise?

No. Clothes Mentor is not a home based franchise opportunity.

What Do Clothes Mentor Franchise Owners Make?

Click here to find out how much Clothes Mentor franchisees make. Clothes Mentor offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Clothes Mentor a Master Franchise Opportunity?

No. Clothes Mentor is not a master franchise opportunity.

Does Clothes Mentor Offer a Veteran Discount?

Yes. Clothes Mentor franchise does offer a veteran discount.

Does Clothes Mentor Work with E2 Visa and EB-5 Visa Candidates?

Yes. Clothes Mentor franchise does work with E2 Visa and EB-5 Visa candidates.

Is Clothes Mentor Looking for Franchisees in Canada?

No. Clothes Mentor franchise is not looking for Canada franchisees.

Is Clothes Mentor Looking for International franchisees?

No. Clothes Mentor franchise is not looking for International franchisees.

Additional Information

Additional Categories

Retail, Non Food Franchises

Number of Units Open

100+ UNITS

Cash Required

$100,000 - $250,000

Master Franchise

No

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

Yes

Clothes Mentor Franchises for Sale

Click Here to inquire about existing Clothes Mentor franchises for sale. We may have Clothes Mentor franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.