So what’s next?
We want to address your questions and concerns so we can help you to see if our opportunities may be the best fit for you.
Questions about
Buying a Franchise
Ready to learn more? Please take a few moments
to fill out the form below or contact us by phone,
text, or email.
Simple six-step process
The following is our six-step process to franchise ownership. If you haven’t already done so, start by filling out the form below to receive the free Franchise Information Report. After reviewing the report and gaining a better understanding of the brand, call us to set up a Step 1 webinar so you can begin learning much more.
Step One
Schedule and attend private meeting
This personal, live web meeting is a brief but very thorough overview of the brand. The main topics covered are:
- The history of NTY Franchise Company.
- What the brand represents to both the consumer and to the franchisee(store owner)
- Where the brand fits into the marketplace and why the stores thrive.
- How the franchisee/franchisor relationship really works and our culture.
Step Two
Qualify and meet brand director
After receiving your completed application and you are considered pre-qualified, an information phone call is scheduled with the Brand Director: The Brand Director will highlight many brand developments and discuss current initiatives being implemented to further grow bottom line results store owners. In addition, that is a great opportunity to get more of your questions answered.
Step Three
Review the FDD and questions answered
In a addition to the lists provided in the FDD, we can also provide you with a contact information list of franchisees who have opted in and volunteered their personal time to speak with you for a more in depth conversation. We will also cover territory protection with you in a short mapping session of your market area.
Step Four
Validations, research and territory protection
In addition to the lists provided in the FDD, we can also provide you with a contact information list of franchisees who have opted in and volunteered their personal time to speak with you for a more in-depth conversation. We will also cover territory protection with you in a short mapping session of your market area.
Step Five
Attend discovery day
Not a decision-making day, but rather a one-day orientation covering our franchise services. It’s held at our corporate headquarters in Minneapolis, Minnesota and takes place before you make any decision on your new business. You’ll meet Clothes Mentor’s key personnel, who will present you with concise overviews of all the tools that we provide our franchisees to become successful business owners.
Step Six
Award the franchise
This is the final step in the franchise process where franchises are awarded to qualified candidates.
FAQ's
Commonly asked questions from store owners
How can we help you?
We hope you’ve found most of the information you were looking for throughout this website, but if you still need quick answers to some high-level questions about NTY and our franchises, scan the FAQs below. Of course, you can always give us a call to speak to one of our knowledgeable staff members to get answers to your questions as well.
How much does it cost?
The investment requirements for each of the NTY Franchise Company resale brands vary slightly, but you can find detailed initial investment information for each brand on this page.
Watch this video to learn more about how our required initial investment ranges sets you on a path to quick success:
Does it work?
Yes! NTY Franchise Company has been in the retail resale game for a long time, and our proven, profitable business model has helped many franchisees produce highly successful stores year after year. Click here to watch some of our owner testimonial videos.
Can I make any money?
Yes! NTY Franchise Company provides you with the business plan and tools to be successful, but it is up to you to make it happen. Watch this short video of our VP of Franchising answering this frequently asked question:
Do you help with financing?
NTY Franchise Company can put you in touch with our preferred lenders, Wells Fargo or Diamond Financial for help with financing. We have developed a great relationship with the nation’s largest Small Business Administration (SBA) lender. Click here to find out more about NTY Franchise Company’s financing option.
How long does the franchise agreement last?
The franchise agreement lasts for 10 years, with the option of a $10,000 renewal fee for another 10 years. In this video, our VP of Franchising highlights the franchise agreement and the option for renewal as stated in the NTY Franchise FDD:
Can I speak with your current franchisees? And I can choose who to talk to?
Definitely! We encourage you to reach out to our current franchisees to get answers to even more of your questions. In the Franchise Disclosure Document (FDD), you will receive a long list of owners that you are free to contact. This video highlights the section of the FDD that includes contact information for our current franchisees:
How much control do I have over my store?
It is your business. We provide you with NTY Franchise Company’s proven, profitable business model, but you have control over your store(s). Watch this short video of our VP of Franchising answering this very question:
How long does it take to open a store?
The typical length of time between signing your Franchise Agreement and the opening of your store varies from 6 to 12 months. Click here to see more information about the timeline to open an NTY Franchise Company store.
Will you help me find a location?
The typical length of time between signing your Franchise Agreement and the opening of your store varies from 6 to 12 months. Click here to see more information about the timeline to open an NTY Franchise Company store.
Will you help me with the layout of my store?
Yes. NTY Franchise Company has teamed up with proven vendors that offer the best pricing and service available for your store buildout. Go to this webpage to find out more information about our store buildout vendors and to take virtual tours of NTY Franchise resale stores.
Do you provide assistance to me after my store is open?
Yes! You will be assigned a Franchise Business Consultant (FBC), who will be your small business consultant throughout the life of your business. You will also receive ongoing marketing support and more. Check out the video below to learn more about the benefits of being an NTY franchisee. Then click here to read more about the role of our Franchise Business Consultants.
Do you provide training? Who pays for it?
As you proceed toward your store opening, you will receive specialized training at our corporate headquarters, at our corporate store, and on-site at your store. All training is free, however, you are responsible for any travel costs (airfare, lodging, food, etc.) for training at our corporate headquarters. Click here to get a detailed explanation of our training programs.
What marketing support do you provide?
We offer comprehensive marketing training as well as ongoing marketing support to all franchisees. Click here to see a full list and examples of marketing support provided by NTY Franchise Company.
Do you have regular conferences for franchisees?
Yes! We hold annual conferences for franchisees to come together to discuss business, participate in various training sessions and learn about new initiatives for the brand.
Where do I get my inventory?
For most brands, you will purchase your inventory directly from the customers that visit your store. Click here to see an overview of NTY’s resale concept. Then check out the video below to hear from our VP of Franchising about obtaining inventory for NTY Franchise stores.
How will I know what to pay for merchandise?
We have a sophisticated point-of-sale (POS) system that provides suggested pricing for product acquisition. The system also creates many financial reports that help you to manage and grow your business. Click here to learn more about our POS system. Also, watch this video to hear the benefits of NTY’s POS system from our VP of Franchising:
How will I deal with bookkeeping for my store?
Our POS system is integrated with QuickBooks, which streamlines your bookkeeping process and makes it very easy for you.
What are typical store hours?
Our suggested business hours are Monday through Friday, 10:00 a.m. to 8:00 p.m.; Saturday, 10:00 a.m. to 6:00 p.m.; Sunday, 11:00 a.m. to 6:00 p.m.
How do NTY stores avoid the thrift store stereotype?
This is a very common question! And here’s the answer from our VP of Franchising, Jim Wollman:
Which of the five NTY brands would be best for me?
We have so many options, so think about what you are most passionate about. In this video, our VP of Franchising offers some tips for making the decision:
Questions about