Clothes Mentor - Cash In on Fashion

Frisco, TX (Denton County)

Passion for Fashion? LOVE what you do!
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Asking Price: Get Financing: $110,000

Cash Flow: N/A

Gross Revenue: $467,000

EBITDA: N/A

FF&E: $75,000

Inventory: $35,000

Lease Rate: $10,488 /Month

Established: 2013

Clothes Mentor - Cash In on Fashion

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Business Description

Join the largest chain of Women's Fashion Resale stores in the country

One key to success in business is to fulfill a need or satisfy a desire.

Women feel great when they look great. They know they can enjoy a much more affordable and diverse wardrobe, to look & feel great all of the time, by shopping at Clothes Mentor® stores.

From 2007 to 2017, the Clothes Mentor franchise system grew from just 2 stores to 146 stores open in over 30 states... Capitalizing on fulfilling that need/desire, Clothes Mentor has become the largest chain of Women's Fashions Resales stores in the country.

Here's your chance to take part in that success.

How is Clothes Mentor different?
• Please read the One-Page PDF in the ATTACHED DOCUMENTS section below.
• You can also visit: http://www.ntyfranchise.com/clothes-mentor/

What do our store owner/ franchisees think about it?
• View the brief video clip below. (YouTube)

WHAT'S IN IT FOR YOU?
• Higher Annual Sales Revenue Potential - in our years of experience, we have seen many individually owned, non-franchise consignment stores with annual sales revenues of around $175k to $225k per year. We operate at much higher levels: the majority of Clothes Mentor stores see annual sales revenues between $450k to $1.6million.

• The Hard Work is DONE - the store build-out is already in place, the staff is trained and has a relationship established with customers.

• Buy this store for less than A THIRD OF THE COST of opening a new store - then focus on building inventory levels and customer traffic utilizing the ever improving marketing tools/training/technology and on-going support of the franchise system to take your new business to the next level of performance.

• Brand Recognition: This store is one of eight Clothes Mentor stores in the Greater DFW metro area.

• Take advantage of BIG DATA - our stores benefit from a proprietary Point-of-Sale computer hardware/software system that collects data from our stores nation-wide. We pay our customers immediately, right over the counter, to buy their better brand, in-style & in great condition fashions. So, it's important to know what brand/style/color of items to buy and then what to resell them for... there's a built-in buying matrix. It's cloud-based too, so you can run reporting on your store remotely - even export your financial data easily into your book keeping software. This technology, to measure and maximize your business, is just a part of what really differentiates Clothes Mentor stores from competitors/imitators.

• Don't Forget: IT'S FUN - because we are buying and selling apparel, shoes, and designer pursed every day - the inventory is ever dynamically changing. This keeps if fun and engaging for customers, staff, and you!

Local store owner will provide specific store financial details.

Attached Documents

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,939
Lease Expiration:
7/31/2018
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The current lease on 3,939 square feet, is good through July 31, 2018 and may be extended with agreement of the Lessor. The seller recommends reducing store size to economize. If new owner would like to relocate at the end of the lease, the franchisor can assist in site selection / lease negotiation process in concert with 3rd party vendors.
Growth & Expansion:
WHAT THIS BUSINESS NEEDS TO GO TO THE NEXT LEVEL: Frisco, TX is one of the fastest growing communities in the country and has upscale demographics that bode well for this business model. The current owner sees rapid sales revenue growth potential for a local owner with a “hands-on” presence who can: • put additional focus on social media tools and techniques • be more involved in the community / area promotions / local charitable causes & events • lead, train, and work more closely with the staff.
Support & Training:
As part of the Clothes Mentor national franchise system, owner/manager training is provided at headquarters office in Minneapolis, MN. A Regional Operations Manager is assigned to be your small business consultant, so you can maximize the growth and potential of this business. Store owner has 24/7 Extranet available for manuals, training, and advertising materials.
Reason for Selling:
Multi-store Owner is reducing total store count as a part of retirement planning
Franchise:
This business is an established franchise
Business Website:
http://www.ntyfranchise.com/clothes-mentor/
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Business Listed By:
James Wollman

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