Clothes Mentor Franchise for Sale - Women's Resale Clothing Store
Clothes Mentor Franchise Opportunities
Clothes Mentor franchise has been working on the market for more than 12 years and has 140 stores. The company buys and sells like-new brand and designer clothing, shoes and accessories for women. Clothes Mentor store franchise good opportunities are due to their perfect service, well-designed stores, and well-established business processes. Owning a Clothes Mentor franchise means consistent support of a franchise partner in business planning, marketing and choosing a store location. How to open the Clothes Mentor women's resale clothing store franchise? Read the Clothes Mentor investment information, fees, requirements for sale, cost and profit ratio here and schedule a private web meeting.
How to open a Clothes Mentor franchise?
- Ensure you have adequate capitalization.
In order to open a Clothes Mentor women's resale clothing store franchise, you must have a net worth of more than $400,000.
- Appreciate the investment required for a store franchise.
You will need to consider real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.
- Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a Clothes Mentor franchise owner.
- Assess market availability.
You will want to look at the market availability for Clothes Mentor franchises and see if there are available markets in your location of interest before proceeding with the franchising application.
- Submit your application.
Your application will be reviewed by the Clothes Mentor franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner.
- Receive approval & opening your Clothes Mentor franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
How much does Clothes Mentor franchise cost?
Clothes Mentor has the franchise fee of up to $25,000, with a total initial investment range of $173,000 to $340,000.
Initial Investment: $173,000 - $340,000
Net-worth Requirement: $400,000
Liquid Cash Requirement: $90,000
Initial Franchise Fee: $25,000
Ongoing Royalty Fee: 4%
Ad Royalty Fee: $2K/yr.
On-The-Job Training: 20.5 hours
Classroom Training: 31.5 hours
Number of Employees Required to Run: 8
Clothes Mentor Franchise Info: https://www.clothesmentorfranchise.com/
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- Starting investments from:$173,000
- Company type:Store
- Company foundation year:2001
- Year of launching the franchise:2007
- Franchise enterprises:134
- Corporate Address:4350 Baker Rd., #350 Minnetonka, MN 55343