Start-Up Costs and Fees |
||
| Clothes Mentor | Prendamex | |
| Investment | 193000 - 310000 | 400000 - 500000 |
| Franchise Fee | ||
| Royalty Fee | 4% | |
| Advertising Fee | $2K/yr | |
| Year Founded | 2001 | 0 |
| Year Franchised | 2007 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Clothes Mentor | Prendamex | |
| Experience | ||
Financing Options |
||
| Clothes Mentor | Prendamex | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Clothes Mentor | Prendamex | |
| 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 | Prendamex | |
| 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 | |
| Prendamex | |
| Franchise Fee | |
| Clothes Mentor | |
| Prendamex | |
| Royalty Fee | |
| Clothes Mentor | 4% |
| Prendamex | |
| Advertising Fee | |
| Clothes Mentor | $2K/yr |
| Prendamex | |
| Year Founded | |
| Clothes Mentor | 2001 |
| Prendamex | 0 |
| Year Franchised | |
| Clothes Mentor | 2007 |
| Prendamex | 0 |
| Term Of Agreement | |
| Clothes Mentor | 10 Years |
| Prendamex | |
| Renewal Fee | |
| Clothes Mentor | $10K |
| Prendamex | |
Business Experience Requirements |
|
| Experience | |
| Clothes Mentor | |
| Prendamex | |
Financing Options |
|
| Franchise Fees | |
| Clothes Mentor | |
| Prendamex | |
| Start-up Costs | |
| Clothes Mentor | |
| Prendamex | |
| Equipment | |
| Clothes Mentor} | |
| Prendamex | |
| Inventory | |
| Clothes Mentor | |
| Prendamex | |
| Receivables | |
| Clothes Mentor | |
| Prendamex | |
| Payroll | |
| Clothes Mentor | |
| Prendamex | |
Training & Support |
|
| Training | |
| Clothes Mentor | On-The-Job Training: 20 hours Classroom Training: 63 hours |
| Prendamex | |
| 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 |
| Prendamex | |
| Marketing | |
| Clothes Mentor | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Prendamex | |
| 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) |
| Prendamex | |
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 |
| Prendamex | |
| Canada Expansion | |
| Clothes Mentor | |
| Prendamex | 0 |
| International Expansion | |
| Clothes Mentor | |
| Prendamex | |