History of NTY Franchise Company

History of NTY Franchise Company

Ron Olson Story

NTY (New To You) Franchise Company was founded in 2006 by President Ron Olson. Since its inception, the company has skyrocketed to becoming one of the fastest-growing private companies in the U.S., with a tried-and-true resale concept and a solid franchising business model.

Things got rolling in 2007, when NTY purchased the franchise rights for Clothes Mentor, a women’s resale store focusing on designer clothing, shoes and accessories. There are now more than 140 Clothes Mentor stores open nationwide.

Four years later, with a solid foundation in place, NTY expanded its offerings by purchasing the franchise rights for New Uses, a resale store for home goods such as furniture, artwork, and more. There are currently 12 New Uses stores. Just two years after that, in 2013, the next brand was introduced under the NTY Franchise Company umbrella. Purchased as Laptop Exchange and renamed Device Pitstop, the franchise buys, sells and repairs personal electronics. To date, there are 12 Device Pitstop stores open.

Continuing to follow its successful business model and recognizing a void in the resale market for kids and teens, the company created two new franchises from scratch in 2014: NTY Kids for newborns through preteens and NTY Clothing Exchange for teens and young adults. Both stores buy and sell name-brand clothing, shoes, and accessories, and NTY Kids also adds toys and baby equipment into the mix.

Rounding out its resale franchise offerings and boosting store numbers significantly in 2015, NTY Franchise Company purchased an existing kids resale store, Children’s Orchard, and merged it with NTY Kids. The name Children’s Orchard stuck, and the new total of 30 stores were revamped to fit the modern design and concept developed by the NTY team.

NTY Franchise History Chad and Ron Olson

Chad Olson Story

NTY Franchise Company is rooted in family. Chad Olson, Ron Olson’s son, joined the company right off the bat in 2007, after gaining more than 13 years of management experience with Winmark Corporation (formerly Grow Biz International).

First on the docket for Chad was franchising Clothes Mentor. And with his extensive knowledge in business planning, store design, overall training, and more, he helped to develop the brand into what it is today. Chad is now the Chief Operations Officer for NTY Franchise Company.

From the executives and staff to store owners and their employees to communities and customers, NTY Franchise Company operates like a family. Strong relationships are forged. Problems are solved and successes are celebrated—together. 

With the Olsons’ direction and the experience and commitment of the management team behind them, the NTY Franchise family is poised to continue to grow exponentially, just as it has in the last ten years. Click through the timeline below to learn more about the founding of NTY Franchise Company as well as Ron Olson’s previous experience with resale franchises.