Start-Up Costs and Fees |
||
| Clothes Mentor | Uptown Cheapskate | |
| Investment | 193000 - 310000 | 301579 - 491579 |
| Franchise Fee | ||
| Royalty Fee | 4% | 5% |
| Advertising Fee | $2K/yr | 0.50% |
| Year Founded | 2001 | 2008 |
| Year Franchised | 2007 | 2008 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Clothes Mentor | Uptown Cheapskate | |
| Experience | ||
Financing Options |
||
| Clothes Mentor | Uptown Cheapskate | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Clothes Mentor | Uptown Cheapskate | |
| Training | On-The-Job Training: 20 hours Classroom Training: 63 hours | On-The-Job Training: 40 hours Classroom Training: 88 hours Additional Training: At existing store |
| 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 | 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 | Co-op Advertising Ad Templates 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) | Number of Employees Required to Run: 5 - 9 |
Expansion Plans |
||
| Clothes Mentor | Uptown Cheapskate | |
| 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 | |
| Uptown Cheapskate | |
| Franchise Fee | |
| Clothes Mentor | |
| Uptown Cheapskate | |
| Royalty Fee | |
| Clothes Mentor | 4% |
| Uptown Cheapskate | 5% |
| Advertising Fee | |
| Clothes Mentor | $2K/yr |
| Uptown Cheapskate | 0.50% |
| Year Founded | |
| Clothes Mentor | 2001 |
| Uptown Cheapskate | 2008 |
| Year Franchised | |
| Clothes Mentor | 2007 |
| Uptown Cheapskate | 2008 |
| Term Of Agreement | |
| Clothes Mentor | 10 Years |
| Uptown Cheapskate | |
| Renewal Fee | |
| Clothes Mentor | $10K |
| Uptown Cheapskate | |
Business Experience Requirements |
|
| Experience | |
| Clothes Mentor | |
| Uptown Cheapskate | |
Financing Options |
|
| Franchise Fees | |
| Clothes Mentor | |
| Uptown Cheapskate | |
| Start-up Costs | |
| Clothes Mentor | |
| Uptown Cheapskate | |
| Equipment | |
| Clothes Mentor} | |
| Uptown Cheapskate | |
| Inventory | |
| Clothes Mentor | |
| Uptown Cheapskate | |
| Receivables | |
| Clothes Mentor | |
| Uptown Cheapskate | |
| Payroll | |
| Clothes Mentor | |
| Uptown Cheapskate | |
Training & Support |
|
| Training | |
| Clothes Mentor | On-The-Job Training: 20 hours Classroom Training: 63 hours |
| Uptown Cheapskate | On-The-Job Training: 40 hours Classroom Training: 88 hours Additional Training: At existing store |
| 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 |
| Uptown Cheapskate | 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 | |
| Clothes Mentor | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Uptown Cheapskate | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| 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) |
| Uptown Cheapskate | Number of Employees Required to Run: 5 - 9 |
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 |
| Uptown Cheapskate | |
| Canada Expansion | |
| Clothes Mentor | |
| Uptown Cheapskate | |
| International Expansion | |
| Clothes Mentor | |
| Uptown Cheapskate | |