Start-Up Costs and Fees |
||
| Clothes Mentor | Computer Renaissance | |
| Investment | 193000 - 310000 | 134000 - 205000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 3-5% |
| Advertising Fee | $2K/yr | |
| Year Founded | 2001 | 1988 |
| Year Franchised | 2007 | 1993 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Clothes Mentor | Computer Renaissance | |
| Experience | ||
Financing Options |
||
| Clothes Mentor | Computer Renaissance | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Clothes Mentor | Computer Renaissance | |
| 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 | Computer Renaissance | |
| 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Clothes Mentor | |
| Computer Renaissance | |
| Franchise Fee | |
| Clothes Mentor | |
| Computer Renaissance | |
| Royalty Fee | |
| Clothes Mentor | 4% |
| Computer Renaissance | 3-5% |
| Advertising Fee | |
| Clothes Mentor | $2K/yr |
| Computer Renaissance | |
| Year Founded | |
| Clothes Mentor | 2001 |
| Computer Renaissance | 1988 |
| Year Franchised | |
| Clothes Mentor | 2007 |
| Computer Renaissance | 1993 |
| Term Of Agreement | |
| Clothes Mentor | 10 Years |
| Computer Renaissance | |
| Renewal Fee | |
| Clothes Mentor | $10K |
| Computer Renaissance | |
Business Experience Requirements |
|
| Experience | |
| Clothes Mentor | |
| Computer Renaissance | |
Financing Options |
|
| Franchise Fees | |
| Clothes Mentor | |
| Computer Renaissance | |
| Start-up Costs | |
| Clothes Mentor | |
| Computer Renaissance | |
| Equipment | |
| Clothes Mentor} | |
| Computer Renaissance | |
| Inventory | |
| Clothes Mentor | |
| Computer Renaissance | |
| Receivables | |
| Clothes Mentor | |
| Computer Renaissance | |
| Payroll | |
| Clothes Mentor | |
| Computer Renaissance | |
Training & Support |
|
| Training | |
| Clothes Mentor | On-The-Job Training: 20 hours Classroom Training: 63 hours |
| Computer Renaissance | |
| 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 |
| Computer Renaissance | |
| Marketing | |
| Clothes Mentor | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Computer Renaissance | |
| 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) |
| Computer Renaissance | |
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 |
| Computer Renaissance | |
| Canada Expansion | |
| Clothes Mentor | |
| Computer Renaissance | |
| International Expansion | |
| Clothes Mentor | |
| Computer Renaissance | |