Clothes Mentor® Chain Opens 100th Store + 65 in Pipeline, Resale Fashions Bring High Sales and Store Profits
March 21, 2014 // Franchising.com // MINNEAPOLIS – The Clothes Mentor resale fashion franchise, known for rapid growth and high store profits, just opened its 100th location in Jensen Beach, Fla. with 65 additional stores under development and 500 total planned. Clothes Mentor's business model helps franchisees generate 60% gross profit margins (vs. 45% at traditional retail stores), inspiring 32% of franchisees to open multiple stores and posting $132,000 to $339,000 annual net profits at many locations.
Clothes Mentor is America's first women's upscale-resale fashion franchise. They "make frugal look fabulous" by carrying 40 better brands like Talbot's, Ann Taylor, Banana Republic, Chico's, Coldwater Creek and designer brands like Coach, Dooney & Burke, Kaspar and Tahari. Prices average only $13 per item and women selling their name-brand fashions here get cash-on-the spot. The 3,000-sq.ft. stores offer shopping-mall ambiance and fine customer service. It's no wonder women love Clothes Mentor and most stores prosper.
Guiding them is the Clothes Mentor management team which invented resale-retail franchising and developed ten chains and 1,700 franchise stores across all U.S. states and Canadian provinces over 25 years.
Clothes Mentor provides the best value in women's apparel. They target savvy, brand-conscious women age 25 to 55+ with desirable styles and low prices. Compared to consignment and thrift stores, Clothes Mentor projects brand names, top quality and excellent condition. Their stores shine and make fashion shopping desirable and fun.
For typical savings, Clothes Mentor carries Talbot's blazers for $22 (not $140), Ann Taylor long-sleeve tops for $14 (not $60), Banana Republic dresses for $25 (not $130), J. Crew jeans for $20 (not $90) and many Coach purses for $45-$150 (not $200-$600).
About Clothes Mentor
Clothes Mentor is a strong national company directed by retail franchising experts. In the 1980s, chain president Ron Olson created Grow Biz International and built resale chain networks like Play It Again Sports® (sporting goods), Once Upon A Child® (children's merchandise), Plato's Closet® (teen clothing) and Music Go Round® (musical instruments). His original group is now called Winmark Corporation and is owned and run by different people.
In recent years, Ron Olson and Chad Olson launched Clothes Mentor and supported their franchise owners with strong business and operating systems, store layouts and designs, product lines, merchandising, in-store computer systems, training and guidance. The Clothes Mentor corporate team supplies management, operations, marketing, technology, finance, design and national franchising. For information on the chain and franchise owner opportunities, check www.clothesmentor.com.
Their typical franchise owner has the passion and drive to be their own boss, brings good business skills and seeks financial rewards. They welcome a strong business model and get excited about fashion.
SOURCE Clothes Mentor