Clothes Mentor is a women’s clothing and accessories retail store with a twist: the store chain buys high-quality, name-brand merchandise, and then resells it in like-new condition. With its win-win business model, in which it pays people cash for their clothes then offers amazing deals on top name brands, Clothes Mentor has quickly expanded across the United States. Think about it: brands like Ann Taylor, Lane Bryant, Liz Lange, Jessica Simpson, Nine West, Louis Vuiton and much more for prices 70% less than retail for the same items purchased new. It’s the great value that keeps customers coming back to Clothes Mentor.
Full Franchise Information
Clothes Mentor franchisees benefit from a point of sale system designed specifically for resale that makes training new employees and managers a simple process. Also, the company’s franchise system removes the pressure from franchisees, because the company tracks trends and purchases what is showing to be ‘hot’ on the market, for franchise locations to resell. Clothes Mentor’s training program for franchisees shortens the learning curve and maximizes the margin for success. The company provides full support to franchisees from site selection and store layout to advertising, merchandising and throughout the life of the business.
Clothes Mentor Franchise Opportunities – History
Clothes Mentor is the creation of Lynn and Dennis Blum, of Columbus, Ohio, when Lynn, in the early 1980s, began collecting barely used clothes as the couple’s three boys quickly outgrew them. She knew other families could benefit from the next-to-new clothing items for a price far less than new retail. In 1991 she opened her first Once Upon A Child resale store in Columbus, and quickly opened a second in Toledo, Ohio. In 1992, the Blums began franchising Once Upon A Child stores. The company was purchased by Ronald G. Olson, president of Grow Biz International, who continued its growth, and eventually acquired Clothes Mentor as well.
Clothes Mentor Franchise Cost / Initial Investment / Clothes Mentor Franchise Income
The franchise fee for Clothes Mentor is $20,000. The total investment to open and operate a Clothes Mentor franchise ranges from $121,500 to $268,000. The Term of Agreement is 10 years, with a renewal fee of $10,000. A 4% royalty fee on gross receipts is paid to the company.
Clothes Mentor Business Opportunities: Other Information
Lynn and Dennis Blum, founders of Clothes Mentor and Once Upon a Child store brands, also founded Plato’s Closet, another successful resale clothing brand.