Start-Up Costs and Fees |
||
| Clothes Mentor | Hock Shop | |
| Investment | 193000 - 310000 | 165000 - 165000 |
| Franchise Fee | ||
| Royalty Fee | 4% | |
| Advertising Fee | $2K/yr | |
| Year Founded | 2001 | 1983 |
| Year Franchised | 2007 | 1993 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Clothes Mentor | Hock Shop | |
| Experience | ||
Financing Options |
||
| Clothes Mentor | Hock Shop | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Clothes Mentor | Hock Shop | |
| 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 | Hock Shop | |
| 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 | |
| Hock Shop | |
| Franchise Fee | |
| Clothes Mentor | |
| Hock Shop | |
| Royalty Fee | |
| Clothes Mentor | 4% |
| Hock Shop | |
| Advertising Fee | |
| Clothes Mentor | $2K/yr |
| Hock Shop | |
| Year Founded | |
| Clothes Mentor | 2001 |
| Hock Shop | 1983 |
| Year Franchised | |
| Clothes Mentor | 2007 |
| Hock Shop | 1993 |
| Term Of Agreement | |
| Clothes Mentor | 10 Years |
| Hock Shop | |
| Renewal Fee | |
| Clothes Mentor | $10K |
| Hock Shop | |
Business Experience Requirements |
|
| Experience | |
| Clothes Mentor | |
| Hock Shop | |
Financing Options |
|
| Franchise Fees | |
| Clothes Mentor | |
| Hock Shop | |
| Start-up Costs | |
| Clothes Mentor | |
| Hock Shop | |
| Equipment | |
| Clothes Mentor} | |
| Hock Shop | |
| Inventory | |
| Clothes Mentor | |
| Hock Shop | |
| Receivables | |
| Clothes Mentor | |
| Hock Shop | |
| Payroll | |
| Clothes Mentor | |
| Hock Shop | |
Training & Support |
|
| Training | |
| Clothes Mentor | On-The-Job Training: 20 hours Classroom Training: 63 hours |
| Hock Shop | |
| 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 |
| Hock Shop | |
| Marketing | |
| Clothes Mentor | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Hock Shop | |
| 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) |
| Hock Shop | |
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 |
| Hock Shop | |
| Canada Expansion | |
| Clothes Mentor | |
| Hock Shop | 0 |
| International Expansion | |
| Clothes Mentor | |
| Hock Shop | |