The charts below show the approximate Clothes Mentor initial investments you need to get the doors open, have a working capital reserve, get stocked with inventory and be ready for customers.
|Low End Approximately||$226,500|
|High End Approximately||$349,000|
While it’s likely that most stores will land in the targeted range listed above, it’s also dependent upon a number of variables. Further detailed information is outlined in our Franchise Disclosure Document (FDD). To get a copy of this document, please contact your Clothes Mentor franchise representative.
|Type of Expenditures||Low||High|
|Initial Franchise Fee||$20,000||$25,000|
|Fixtures & Supplies||$30,000||$40,000|
|Deposits, Business Licenses and Permits||$7,000||$15,000|
|Legal and Accounting||$0||$4,000|
|Travel Expenses to Attend Training||$4,500||$9,000|
|Grand Opening Advertising||$16,000||$20,000|
|Miscellaneous Pre-opening Expenses||$14,000||$20,000|
|Rent – 3 Months||$20,000||$25,000|
|Additional Funds – 3 Months||$20,000||$25,000|
We asked several franchisees for their thoughts on the Clothes Mentor initial investments. Check out their feedback in this video:
Get started on a quick path to success with our required investment range. Learn more about it in this video featuring our VP of Franchising: