Music Go Round vs Clothes Mentor Franchise Comparison

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

Start-Up Costs and Fees

 
Music Go Round Franchise
Clothes Mentor Franchise
Investment $294,900 - $366,900$193,000 - $310,000
Franchise Fee $15,000 - $25,000$20,000 - $25,000
Royalty Fee 3%4%
Advertising Fee -$2K/yr
Year Founded 19862001
Year Franchised 19942007
Term Of Agreement 10 years10 Years
Term Of Agreement 10 years10 Years
Renewal Fee $5K$10K


Business Experience Requirements

 
Music Go Round Franchise
Clothes Mentor Franchise
Experience
  • Industry experience
  • General business experience
  • -

    Financing Options

     
    Music Go Round Franchise
    Clothes Mentor Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/-
    Equipment No/Yes-/Yes
    Inventory No/No-/Yes
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support

     
    Music Go Round Franchise
    Clothes Mentor Franchise
    Training - On-The-Job Training: 20 hours Classroom Training: 63 hours
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperativesPurchasing 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 slicks, Regional advertisingCo-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
    Operations 10% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 3

    Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators)

    * 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

     
    Music Go Round Franchise
    Clothes Mentor Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About Music Go Round

    In 1986, Bill Shell opened Hi Tech Consignments Inc., a Minneapolis-area buyer and seller of new and used musical instruments, gear and equipment. Seven years later, after the company was purchased by Winmark (formerly Grow Biz), it changed its name to Music Go Round. Music Go Round stores buy, sell, trade and consign new and used musical products. Winmark also franchises Once Upon A Child, Plato's Closet, and Play It Again Sports. Fill in form below for free consultation.

    About Clothes Mentor

    Clothes Mentor is one of the fastest growing franchises in America!
     * Resale format means up to 60% profit margins
     * Franchise Support from our team of experts
     * Model has proven success in a variety of markets
     * Training to help first-time franchise owners
     * 32% of franchisees now own multiple stores
     * 33% of franchise owners see $100-368K net profit!
     * Clothes Mentor is one of the most lucrative franchise options in the market today.
    Explore our Franchise section to see what it takes to start a Clothes Mentor franchise of your own!
    Resale Clothing Franchises have proven effective, even in a down economy. Grab your piece of the resale clothing franchise market today by contacting our Franchise Development Experts!
    Clothes Mentor is a resale clothing franchise. Our stores focus on buying and selling womens designer clothes, shoes, jewelry, and accessories. The Clothes Mentor clothing franchise is focused on the resale of designer and brand name clothing and accessories. To contact us about owning a Clothes Mentor Resale Clothing Franchise, please go to http://www.clothesmentor.com/franchise/

    Veteran Incentives  $2,500 rebate on franchise fee