Clothes Mentor - Women's Fashion Resale - Mayfield Heights, OH

Mayfield Heights, OH (Cuyahoga County)

Asking Price:$199,000

Cash Flow (SDE):Not Disclosed

EBITDA:Not Disclosed

Gross Revenue:$533,854

Established:2014

Business Description

RESALE is the hottest, fastest growing segment of retail!

The business owner will provide financial information.

Here's your chance to take part in the growth, acceptance, and success of RESALE... at a great price.

Enjoy delivering the very best value to customers on better brand women's apparel, shoes, and designer handbags.

Starting in 2007, the Clothes Mentor franchise system grew from just 2 stores to approximately 113 stores open in 30 states today... Clothes Mentor has become the largest chain of Women's fashion resale stores in the country.

How is Clothes Mentor different?
• Please read the Franchise Report in the ATTACHED DOCUMENTS section below.
• You can also visit: https://clothesmentor.com

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

WHAT'S IN IT FOR YOU?

• 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 a great price - then focus on further building customer traffic utilizing the ever-improving marketing tools/training/technology and ongoing support of the franchise system to take your new business to the next level of performance.

• Brand Recognition: This store is one of 113 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 nationwide. 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 bookkeeping 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 handbags every day - the inventory is ever dynamically changing. This keeps it fun and engaging for customers, staff, and you!

Ad#:2385486

Attached Documents

CM_FranchiseInformationR...

Detailed Information

None provided.

Inventory:: $65,348
Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):: $55,872
Included in asking price
Employees:: 10
Facilities:: Rent is $8,200 per month. The current lease is 5,000 Sq Ft and expires 3/15/2027. It may be extended with the agreement of the lessor.
Competition:: Turn-key operation. Assumable lease. Assumable franchise agreement. Franchise Agreement renewal effective March 21, 2032.
Growth & Expansion:: There is much upside potential to grow sales revenue and profitability further through active, on-site, hands-on owner/operator who can: • lead, train, and work closely with staff to generate 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 social media, store changes and new ownership.
Financing:: Up for discussion.
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 help you to analyze the computer data and maximize the growth and potential of this business. The store owner has a 24/7 Extranet available for manuals, training, and advertising materials.
Reason for Selling:: Retirement
Franchise:: This business is an established Clothes Mentor® franchise
Business Website:: https://www.clothesmentor.com