Clothes Mentor Franchise Cost

How much does clothes mentor franchise cost.

Clothes mentor franchise cost.

1 018 843 is the average net sales of the 33 stores included in the top 25 of clothes mentor stores in operation for the entire calendar year ended december 31 2019. Each location may temporarily modify their specific operations including hours buying processes and availability of in store services in order to re open. 173 000 340 000 net worth requirement. Clothes mentor franchise cost initial investment clothes mentor.

Clothes mentor has the franchise fee of up to 25 000 with a total initial investment range of 173 000 to 340 000. The total investment to open and operate a clothes mentor franchise ranges from 121 500 to 268 000. A unique quality experience for your loyal customers and a superior investment for you. Clothes mentor franchise is an upscale retail store which sells gently used name brand and designer clothing shoes and accessories for up to 70 off of original retail prices.

Estimated number of units. Clothes mentor is the flagship brand of nty franchise co which also franchises children s orchard and nty clothing exchange. How much does it cost to open a clothes mentor franchise. The franchise fee for clothes mentor is 20 000.

A proven yet customizable 4 step franchise award process ensures a mutual alignment that the clothes mentor brand is the right match for you. That s part of clothes mentor s history and nty franchise company takes great pride in its flagship brand s resiliency and success since its humble beginning in 2007. Clothes mentor locally owned franchise locations are following direction of health authorities at the cdc and the world health organization who to keep customers and staff healthy and safe. Clothes mentor llc is the franchisor the franchisor offers individual franchises for the operation of clothes mentor stores which buy and sell gently used and new women s clothing and accessories.

400 000 liquid cash requirement. All locations only stock pieces that are in great condition and are on trend or classic and timeless. There is an initial franchise fee of 20 000 which grants you the license to run a business under the clothes mentor name. See item 19 of the clothes mentor franchise disclosure document dated april 17 2020 for more information.

25 000 ongoing royalty fee. Interest in clothes mentor has spread quickly in its 10 years as a franchise. The term of agreement is 10 years with a renewal fee of 10 000.