Women's Fashions Resale - Clothes Mentor

Rogers, AR (Benton County)

Passion for Fashion? LOVE what you do!
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Asking Price: $160,000

Cash Flow: N/A

Gross Revenue: $400,000

EBITDA: N/A

FF&E: $15,000

Inventory: $32,000

Rent: $6,669 /Month

Established: 2015

Women's Fashions Resale - Clothes Mentor

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Business Description

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

[NOTE: Local store owner/franchisee will provide financials.]

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 140+ 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: https://www.clothesmentorfranchise.com/

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 $200k 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 HALF 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 over 140+ Clothes Mentor stores in the USA - now with a national e-commerce platform for even more sales revenue opportunities.

• 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!

Attached Documents


Detailed Information

Location:
Rogers, AR
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,219
Lease Expiration:
4/30/2020
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The current lease on 3,219 square feet is good through April, 2020, and may be extended with agreement of the lessor. Cost Savings Initiatives to Improve Bottom Line: In July, 2018 store square footage reduced by 33%. Identified most effective methods of marketing, reducing spend per month. Replacing very high salary store manager (daughter of owner) saving $60,000 annually in wages and taxes.
Competition:
This award winning "BEST RESALE STORE" is located just on the north side of the upscale Pinnacle Hills Promenade Mall. Northwest Arkansas: • Ranked among the nation’s fastest-growing places in 2017 • The region will be among the nation’s 100 largest metropolitan areas in 2019 • Ranked No. 14 in the nation in its growth rate between July 2016 and July 2017, adding almost 34 people a day. • Home of Walmart, J.B. Hunt Transport Services, Tyson Foods, Crystal Bridges Museum of American Art and hundreds of Walmart supplier offices.
Growth & Expansion:
WHAT THIS BUSINESS NEEDS TO GO TO THE NEXT LEVEL: Good upside potential to grow sales revenue through active, on-site, hands-on owner/operator who can: • lead, train, and work closely with staff to generate effective buying to promote more repeat shoppers, • leverage new social media tools to build revenue opportunities to a national market, • be involved in the community / promotions / local charitable causes & events • hosting special events within the store and hold a Grand Re-Opening to highlight store changes and new ownership.
Support & Training:
As part of the Clothes Mentor national franchise system, owner/manager training is provided at the main office in Minneapolis, MN. A Franchise Business Consultant 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:
Store Manager is moving on, and owner can't split time between 2 businesses.
Franchise:
This business is an established franchise
Business Website:
http://www.clothesmentorfranchise.com/
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Business Listed By:
James Wollman

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