Start-Up Costs and Fees |
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| Clothes Mentor | Hut no. 8 | |
| Investment | 193000 - 310000 | 91700 - 201900 |
| Franchise Fee | ||
| Royalty Fee | 4% | $360/mo. |
| Advertising Fee | $2K/yr | |
| Year Founded | 2001 | 2007 |
| Year Franchised | 2007 | 2009 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
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| Clothes Mentor | Hut no. 8 | |
| Experience | ||
Financing Options |
||
| Clothes Mentor | Hut no. 8 | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Clothes Mentor | Hut no. 8 | |
| Training | On-The-Job Training: 20 hours Classroom Training: 63 hours | You will visit our headquarters and main store in Florida, and will train in both a classroom environment, and then by serving customers alongside us. We will teach you EVERYTHING in one week from purchasing to accounting and from customer service to marketing, and more. When you are ready to open your Hut no. 8 store you will also have one of our representatives on-site to do refresher training, to assist you in serving your customers, and to help with your store set-up. *QuickBooks Pro *Store Setup *Computer Setup, configuration, and initial problem diagnosis *Customer Service *Point Of Sale Training *Purchasing Inventory *Pricing Inventory for Resale *Business Expansion & Idea Building |
| 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 | Hut no. 8 | |
| 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 | |
| Hut no. 8 | |
| Franchise Fee | |
| Clothes Mentor | |
| Hut no. 8 | |
| Royalty Fee | |
| Clothes Mentor | 4% |
| Hut no. 8 | $360/mo. |
| Advertising Fee | |
| Clothes Mentor | $2K/yr |
| Hut no. 8 | |
| Year Founded | |
| Clothes Mentor | 2001 |
| Hut no. 8 | 2007 |
| Year Franchised | |
| Clothes Mentor | 2007 |
| Hut no. 8 | 2009 |
| Term Of Agreement | |
| Clothes Mentor | 10 Years |
| Hut no. 8 | |
| Renewal Fee | |
| Clothes Mentor | $10K |
| Hut no. 8 | |
Business Experience Requirements |
|
| Experience | |
| Clothes Mentor | |
| Hut no. 8 | |
Financing Options |
|
| Franchise Fees | |
| Clothes Mentor | |
| Hut no. 8 | |
| Start-up Costs | |
| Clothes Mentor | |
| Hut no. 8 | |
| Equipment | |
| Clothes Mentor} | |
| Hut no. 8 | |
| Inventory | |
| Clothes Mentor | |
| Hut no. 8 | |
| Receivables | |
| Clothes Mentor | |
| Hut no. 8 | |
| Payroll | |
| Clothes Mentor | |
| Hut no. 8 | |
Training & Support |
|
| Training | |
| Clothes Mentor | On-The-Job Training: 20 hours Classroom Training: 63 hours |
| Hut no. 8 | You will visit our headquarters and main store in Florida, and will train in both a classroom environment, and then by serving customers alongside us. We will teach you EVERYTHING in one week from purchasing to accounting and from customer service to marketing, and more. When you are ready to open your Hut no. 8 store you will also have one of our representatives on-site to do refresher training, to assist you in serving your customers, and to help with your store set-up. *QuickBooks Pro *Store Setup *Computer Setup, configuration, and initial problem diagnosis *Customer Service *Point Of Sale Training *Purchasing Inventory *Pricing Inventory for Resale *Business Expansion & Idea Building |
| 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 |
| Hut no. 8 | |
| Marketing | |
| Clothes Mentor | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Hut no. 8 | |
| 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) |
| Hut no. 8 | |
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 |
| Hut no. 8 | |
| Canada Expansion | |
| Clothes Mentor | |
| Hut no. 8 | |
| International Expansion | |
| Clothes Mentor | |
| Hut no. 8 | |