Clothes Mentor Mentioned on Small Business Opportunities
The Clothes Mentor Resale Clothing Franchise has been featured by Small Business Opportunities, a website and magazine dedicated to exploring the industry of small businesses and home businesses. We are excited to receive this kind of press.
The article speaks about what kind of business we are, and goes on to further explain the growth we have seen as a company, as well as the opportunities that are available to new franchise owners. They have focused on the small size required to open a store, as well as the increased margins which are brought on by our resale model.
You can read the full article on the Small Business Opportunities website. We have also sourced the version of the article from June 17th, 2013, and it can be read below.
Upscale-Resale Fashion Chain: Clothes Mentor
Clothes Mentor aims to help women be fashionable and frugal. With 40 better brands like Talbot’s, Chico’s, Ann Taylor and Coldwater Creek and designer brands like Coach, Dooney & Burke, Kaspar and Tahari. And $13 average prices. And cash-on-the spot for selling name-brand, quality-condition fashions here.
The Clothes Mentor national franchise has 80 stores open, 40 more under development and plans for 500. Their stores offer high returns in only 3,000-sq.ft. spaces with the typical Clothes Mentor selling $650,000 annually and six stores exceeding $1 million. Same-store sales rose a solid 18% last year. And under their resale format, gross margins are an exceptional 60% compared to 25% at traditional retail stores.
The franchise is America’s first and only national chain focusing on upscale-resale better-brand women’s clothing. They target savvy, brand-conscious women in their 30s, 40s, 50s and 60s with desirable styles and low prices. Compared to consignment and thrift stores, Clothes Mentor projects brand names, top quality and excellent condition.
They offer regular, maternity, petite and plus sizes – 40 better brands like Ann Taylor Loft, White House/Black Market, Coldwater Creek, Lane Bryant, Michael Kors and Calvin Klein — designer brands like Kasper and Tahari – accessories like shoes, purses, jewelry – and only $13 average prices. To obtain merchandise, Clothes Mentor pays women cash-on-the-spot for their high-quality, name-brand clothing, shoes, accessories and designer purses. Customers can clean-out their closets for money.
Clothes Mentor is directed by retail franchising experts. Many years ago, founder Ron Olson created Grow Biz International and built a network of 1,500 upscale-resale stores. Olson and colleagues developed popular chains like Play It Again Sports® (sporting goods), Once Upon A Child® (children’s merchandise), Plato’s Closet® (teen clothing), Music Go Round® (musical instruments) and other resale chains that buy and sell high-quality merchandise. That group is now called Winmark Corporation.
For info, visit: www.clothesmentor.com.