Start-Up Costs and Fees |
||
| Clothes Mentor | Cash Converters | |
| Investment | 193000 - 310000 | 160000 - 300000 |
| Franchise Fee | ||
| Royalty Fee | 4% | |
| Advertising Fee | $2K/yr | |
| Year Founded | 2001 | 1995 |
| Year Franchised | 2007 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Clothes Mentor | Cash Converters | |
| Experience | ||
Financing Options |
||
| Clothes Mentor | Cash Converters | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Clothes Mentor | Cash Converters | |
| Training | On-The-Job Training: 20 hours Classroom Training: 63 hours | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | * 50% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 8 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Clothes Mentor | Cash Converters | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Clothes Mentor | |
| Cash Converters | |
| Franchise Fee | |
| Clothes Mentor | |
| Cash Converters | |
| Royalty Fee | |
| Clothes Mentor | 4% |
| Cash Converters | |
| Advertising Fee | |
| Clothes Mentor | $2K/yr |
| Cash Converters | |
| Year Founded | |
| Clothes Mentor | 2001 |
| Cash Converters | 1995 |
| Year Franchised | |
| Clothes Mentor | 2007 |
| Cash Converters | 0 |
| Term Of Agreement | |
| Clothes Mentor | 10 Years |
| Cash Converters | |
| Renewal Fee | |
| Clothes Mentor | $10K |
| Cash Converters | |
Business Experience Requirements |
|
| Experience | |
| Clothes Mentor | |
| Cash Converters | |
Financing Options |
|
| Franchise Fees | |
| Clothes Mentor | |
| Cash Converters | |
| Start-up Costs | |
| Clothes Mentor | |
| Cash Converters | |
| Equipment | |
| Clothes Mentor} | |
| Cash Converters | |
| Inventory | |
| Clothes Mentor | |
| Cash Converters | |
| Receivables | |
| Clothes Mentor | |
| Cash Converters | |
| Payroll | |
| Clothes Mentor | |
| Cash Converters | |
Training & Support |
|
| Training | |
| Clothes Mentor | On-The-Job Training: 20 hours Classroom Training: 63 hours |
| Cash Converters | |
| Support | |
| Clothes Mentor | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Cash Converters | |
| Marketing | |
| Clothes Mentor | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Cash Converters | |
| Operations | |
| Clothes Mentor | * 50% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 8 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Cash Converters | |
Expansion Plans |
|
| US Expansion | |
| Clothes Mentor | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Cash Converters | |
| Canada Expansion | |
| Clothes Mentor | |
| Cash Converters | 0 |
| International Expansion | |
| Clothes Mentor | |
| Cash Converters | |