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Clothes Mentor
Women who want to profit from their “gently used” upscale clothing, shoes, accessories, and designer purses can cash in on what Clothes Mentor offers. The company will pay cash on the spot for fashions and accessories that are clean, in style, and in great condition. Brands include Ann Taylor, Motherhood, Coach, and Ralph Lauren. Clothes Mentor also has good deals for those looking for brand-name items, offering about a 30 percent savings over the cost of buying items new. Franchisees receive training on topics such as store operations, merchandising, inventory management, and the point-of-sale system. They also benefit from real estate, store design/construction, operations, and marketing support.
Fast Facts
| Year established | 2001 |
| Franchising since | 2006 |
| Can be run from home? | No |
| Number of employees needed | 8 |
| Item 19 Financial Performance Representation? | Yes |
| Multiple units must be purchased in U.S. | No |
| Multiple units must be purchased outside U.S. | No |
| Absentee ownership allowed? | No |
Franchise Unit Growth Rate
| Year | U.S. Franchises |
Non-U.S. Franchises |
Company-Owned Locations |
| 2011 | 44 | 0 | 1 |
| 2010 | 35 | 0 | 1 |
| 2009 | 18 | 0 | 1 |
Expanding in These Locations
| Total Investment | $140,000 - $229,000 |
| Franchise Fee | $20,000 |
| Royalty Fee | 4% |
| Net Worth | $250,000 |
| Liquid Capital | $40,000 - $60,000 |
| Does franchisor offer financing? | No |
| Is franchisor on the SBA's Franchise Registry? | Yes |
| Is franchisor a member of the IFA's VetFran program? | No |
