Tuesday
Jun012010
Clothes Mentor Franchise
Women's clothing & accessories resale store
Start-up Costs & Franchises Fees
What is the total cost to open a Clothes Mentor Franchises?
Total Cost: $121,500-$268,000 USD
Total Franchise Fees: $20,000 USD
Ongoing Royalty Fees: 4%
Ongoing Advertising Fees: Not Available
Term of Agreement: 10 Years
Franchise Agreement Renewal Fee: $10K
Contact Information for Clothes Mentor
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Clothes Mentor |
Phone Number: (866)261-2030 |
Historical Expansion
In what year did Clothes Mentor begin operations? 2001
When did Clothes Mentor begin selling franchises? 2007
Year United States Canada International Corporate 2007 3 0 0 0
Franchise Operation Restrictions
* 50% of all franchise business owners own more than one franchise location.* Number of employees needed to run franchised unit: 8 - 8
* Absentee ownership of this franchise business is not available to new franchisees. (100% of current franchise business owners are owner/operators)
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes