Start-Up Costs and Fees |
||
| Computer Renaissance | Clothes Mentor | |
| Investment | 134000 - 205000 | 193000 - 310000 |
| Franchise Fee | 0 | |
| Royalty Fee | 3-5% | 4% |
| Advertising Fee | $2K/yr | |
| Year Founded | 1988 | 2001 |
| Year Franchised | 1993 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Computer Renaissance | Clothes Mentor | |
| Experience | ||
Financing Options |
||
| Computer Renaissance | Clothes Mentor | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Computer Renaissance | Clothes Mentor | |
| 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 |
||
| Computer Renaissance | Clothes Mentor | |
| 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 | |
| Computer Renaissance | |
| Clothes Mentor | |
| Franchise Fee | |
| Computer Renaissance | |
| Clothes Mentor | |
| Royalty Fee | |
| Computer Renaissance | 3-5% |
| Clothes Mentor | 4% |
| Advertising Fee | |
| Computer Renaissance | |
| Clothes Mentor | $2K/yr |
| Year Founded | |
| Computer Renaissance | 1988 |
| Clothes Mentor | 2001 |
| Year Franchised | |
| Computer Renaissance | 1993 |
| Clothes Mentor | 2007 |
| Term Of Agreement | |
| Computer Renaissance | |
| Clothes Mentor | 10 Years |
| Renewal Fee | |
| Computer Renaissance | |
| Clothes Mentor | $10K |
Business Experience Requirements |
|
| Experience | |
| Computer Renaissance | |
| Clothes Mentor | |
Financing Options |
|
| Franchise Fees | |
| Computer Renaissance | No |
| Clothes Mentor | No |
| Start-up Costs | |
| Computer Renaissance | |
| Clothes Mentor | |
| Equipment | |
| Computer Renaissance} | |
| Clothes Mentor | |
| Inventory | |
| Computer Renaissance | |
| Clothes Mentor | |
| Receivables | |
| Computer Renaissance | |
| Clothes Mentor | |
| Payroll | |
| Computer Renaissance | |
| Clothes Mentor | |
Training & Support |
|
| Training | |
| Computer Renaissance | |
| Clothes Mentor | On-The-Job Training: 20 hours Classroom Training: 63 hours |
| Support | |
| Computer Renaissance | |
| 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 |
| Marketing | |
| Computer Renaissance | |
| Clothes Mentor | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Computer Renaissance | |
| 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) |
Expansion Plans |
|
| US Expansion | |
| Computer Renaissance | |
| 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 |
| Canada Expansion | |
| Computer Renaissance | |
| Clothes Mentor | |
| International Expansion | |
| Computer Renaissance | |
| Clothes Mentor | |