Cash Converters vs Clothes Mentor Franchise Comparison

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

Start-Up Costs and Fees
 
Cash Converters Franchise
Clothes Mentor Franchise
Investment $160,000 - $300,000$193,000 - $310,000
Franchise Fee $50,000$20,000 - $25,000
Royalty Fee -4%
Advertising Fee -$2K/yr
Year Founded 19952001
Year Franchised -2007
Term Of Agreement -10 Years
Term Of Agreement -10 Years
Renewal Fee -$10K


Business Experience Requirements
 
Cash Converters Franchise
Clothes Mentor Franchise
Experience --

Financing Options
 
Cash Converters Franchise
Clothes Mentor Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Cash Converters Franchise
Clothes Mentor Franchise
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
 
Cash Converters Franchise
Clothes Mentor Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion No-

Company Overviews

About Cash Converters

Cash Converters is a unique and exciting international retail concept. What began in Perth Australia in 1984 is today a dynamic international franchise group with over 500 stores worldwide. Cash Converters specializes in the buying and selling of quality second-hand goods - jewelry, TVs, stereos, tools, electrical goods, etc. Bright, well-merchandised stores with trained, uniformed staff service the customers who receive cash for their goods when they sell and a 30-day warranty on products when they buy. People have been trading goods for hundreds and hundreds of years. The primal instinct to exchange one thing for something else probably pre-dates written history. It's an instinct that drives bargain hunters to garage sales and auction lovers to on-line sites.
The desire to strike a deal, to barter or to think you have obtained something for virtually nothing is the reason Cash Converters came into existence.

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