Clothes Mentor vs Play N Trade Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Clothes Mentor vs Play N Trade including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Clothes Mentor Play N Trade
Investment 193000 - 310000 216600 - 329000
Franchise Fee
Royalty Fee 4% 5%
Advertising Fee $2K/yr 2%local + 1%Nat'l
Year Founded 2001 2001
Year Franchised 2007 2003
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Clothes Mentor Play N Trade
Experience

Financing Options
  Clothes Mentor Play N Trade
 
Franchise Fees Yes
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Clothes Mentor Play N Trade
Training On-The-Job Training: 20 hours Classroom Training: 63 hours * Complete all the online training courses. * Read your daily emails that include tips and updates five days a week. * Attend the regular companywide conference calls which we typically hold twice per month. These calls are also recorded for your convenience. * Attend the training sessions at our Support Center in San Clemente CA. (approx nine days) * Work in a high volume store where you can learn from a successful veteran.
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 You will start by working with a franchise development professional who will guide you through the investigative and financing process. Once you are on board as a franchisee, you will begin working with our real estate department and guide you through the site selection process and negotiating your lease. You will be provided a checklist of items to get your store open. We will track your time to opening and will make sure that you are connected with the appropriate vendors at the right times to support you in your ordering, grand opening, Point of Sale training, and set up of your business accounts. We have support personnel at our office six days a week to answer your calls and emails.
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 Play N Trade
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
Play N Trade
Franchise Fee
Clothes Mentor
Play N Trade
Royalty Fee
Clothes Mentor 4%
Play N Trade 5%
Advertising Fee
Clothes Mentor $2K/yr
Play N Trade 2%local + 1%Nat'l
Year Founded
Clothes Mentor 2001
Play N Trade 2001
Year Franchised
Clothes Mentor 2007
Play N Trade 2003
Term Of Agreement
Clothes Mentor 10 Years
Play N Trade 10 years
Renewal Fee
Clothes Mentor $10K
Play N Trade


Business Experience Requirements
Experience
Clothes Mentor
Play N Trade

Financing Options
 
Franchise Fees
Clothes Mentor
Play N Trade
Start-up Costs
Clothes Mentor
Play N Trade
Equipment
Clothes Mentor}
Play N Trade
Inventory
Clothes Mentor
Play N Trade
Receivables
Clothes Mentor
Play N Trade
Payroll
Clothes Mentor
Play N Trade

Training & Support
Training
Clothes Mentor On-The-Job Training: 20 hours Classroom Training: 63 hours
Play N Trade * Complete all the online training courses. * Read your daily emails that include tips and updates five days a week. * Attend the regular companywide conference calls which we typically hold twice per month. These calls are also recorded for your convenience. * Attend the training sessions at our Support Center in San Clemente CA. (approx nine days) * Work in a high volume store where you can learn from a successful veteran.
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
Play N Trade You will start by working with a franchise development professional who will guide you through the investigative and financing process. Once you are on board as a franchisee, you will begin working with our real estate department and guide you through the site selection process and negotiating your lease. You will be provided a checklist of items to get your store open. We will track your time to opening and will make sure that you are connected with the appropriate vendors at the right times to support you in your ordering, grand opening, Point of Sale training, and set up of your business accounts. We have support personnel at our office six days a week to answer your calls and emails.
Marketing
Clothes Mentor Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Play N Trade
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)
Play N Trade

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
Play N Trade
Canada Expansion
Clothes Mentor
Play N Trade 0
International Expansion
Clothes Mentor
Play N Trade