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Updated RecentlyPlato's Closet vs Clothes Mentor Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Plato's Closet vs Clothes Mentor including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $251,700 - $390,700 | $193,000 - $310,000 |
| Franchise Fee | $25,000 | $20,000 - $25,000 |
| Royalty Fee | 5% | 4% |
| Advertising Fee | $1K/yr. | $2K/yr |
| Year Founded | 1998 | 2001 |
| Year Franchised | 1999 | 2007 |
| Term Of Agreement | 10 years | 10 Years |
| Term Of Agreement | 10 years | 10 Years |
| Renewal Fee | 5000 | $10K |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/Yes |
| Inventory | No/Yes | -/Yes |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | On-The-Job Training: 30 hours Classroom Training: 48 hours | On-The-Job Training: 20 hours Classroom Training: 63 hours |
| Support | 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 Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | Number of Employees Required to Run: 3 - 5 | * 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 |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | No | - |
Company Overviews
About Plato's Closet
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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!
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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/