Clothes Mentor vs Renaissance Fine Consignment Franchise Comparison

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

Start-Up Costs and Fees

 
Clothes Mentor Franchise
Renaissance Fine Consignment Franchise
Investment $219,000 - $344,000 $86,175 - $227,000
Franchise Fee $20,000 $30,000
Royalty Fee 4% 4%
Advertising Fee $2K/yr -
Year Founded 2001 1997
Year Franchised 2007 2010
Term Of Agreement 10 Years -
Term Of Agreement 10 Years -
Renewal Fee $10K -


Business Experience Requirements

 
Clothes Mentor Franchise
Renaissance Fine Consignment Franchise
Experience - Renaissance Consignment is seeking individual franchise partners throughout the United States as well as multi-unit development partners domestically and internationally. To be considered, individuals or partnerships must meet the following minimum criteria: *Demonstrated enthusiasm, drive, and passion *Management Experience *Love working with Retail and Fashion *Minimum financial net worth of $75,000

Financing Options

 
Clothes Mentor Franchise
Renaissance Fine Consignment Franchise
  In-House/3rd Party In-House/3rd Party
Franchise Fees -/- -/-
Start-up Costs -/- -/-
Equipment -/Yes -/-
Inventory -/Yes -/-
Receivables -/- -/-
Payroll -/- -/-

Training & Support

 
Clothes Mentor Franchise
Renaissance Fine Consignment 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 Real Estate and Site Selection Lease Approval Pre-opening Management Training Vendors and Equipment Opening Support Information Technology Marketing and Public Relations Operations Support Purchasing and Distribution
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

 
Clothes Mentor Franchise
Renaissance Fine Consignment Franchise
US Expansion Yes -
Canada Expansion - -
International Expansion - -

Start-Up Costs and Fees Mobile

Investment
Clothes Mentor Franchise
$219,000 - $344,000
Renaissance Fine Consignment Franchise
$86,175 - $227,000
Franchise Fee
Clothes Mentor Franchise
$20,000
Renaissance Fine Consignment Franchise
$30,000
Royalty Fee
Clothes Mentor Franchise
4%
Renaissance Fine Consignment Franchise
4%
Advertising Fee
Clothes Mentor Franchise
$2K/yr
Renaissance Fine Consignment Franchise
-
Year Founded
Clothes Mentor Franchise
2001
Renaissance Fine Consignment Franchise
1997
Year Franchised
Clothes Mentor Franchise
2007
Renaissance Fine Consignment Franchise
2010
Term Of Agreement
Clothes Mentor Franchise
10 Years
Renaissance Fine Consignment Franchise
-
Renewal Fee
Clothes Mentor Franchise
$10K
Renaissance Fine Consignment Franchise
-


Business Experience Requirements

Experience
Clothes Mentor Franchise
-
Renaissance Fine Consignment Franchise
Renaissance Consignment is seeking individual franchise partners throughout the United States as well as multi-unit development partners domestically and internationally. To be considered, individuals or partnerships must meet the following minimum criteria: *Demonstrated enthusiasm, drive, and passion *Management Experience *Love working with Retail and Fashion *Minimum financial net worth of $75,000

Financing Options

  In-House/3rd Party
Franchise Fees
Clothes Mentor Franchise
-/-
Renaissance Fine Consignment Franchise
-/-
Start-up Costs
Clothes Mentor Franchise
-/-
Renaissance Fine Consignment Franchise
-/-
Equipment
Clothes Mentor Franchise
-/Yes
Renaissance Fine Consignment Franchise
-/-
Inventory
Clothes Mentor Franchise
-/Yes
Renaissance Fine Consignment Franchise
-/-
Receivables
Clothes Mentor Franchise
-/-
Renaissance Fine Consignment Franchise
-/-
Payroll
Clothes Mentor Franchise
-/-
Renaissance Fine Consignment Franchise
-/-

Training & Support

Training
Clothes Mentor Franchise
On-The-Job Training: 20 hours Classroom Training: 63 hours
Renaissance Fine Consignment Franchise
-
Support
Clothes Mentor Franchise
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
Renaissance Fine Consignment Franchise
Real Estate and Site Selection Lease Approval Pre-opening Management Training Vendors and Equipment Opening Support Information Technology Marketing and Public Relations Operations Support Purchasing and Distribution
Marketing
Clothes Mentor Franchise
Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Renaissance Fine Consignment Franchise
-
Operations
Clothes Mentor Franchise
* 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)

Renaissance Fine Consignment Franchise
-

Expansion Plans

US Expansion
Clothes Mentor Franchise
Yes
Renaissance Fine Consignment Franchise
-
Canada Expansion
Clothes Mentor Franchise
-
Renaissance Fine Consignment Franchise
-
International Expansion
Clothes Mentor Franchise
-
Renaissance Fine Consignment Franchise
-

Company Overviews

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

About Renaissance Fine Consignment

Renaissance is using a business model based on over 13 years of operational experience in the high-end consignment field. With the Renaissance Fine Consignment® franchise you can build a very successful business using our expertise and knowledge in this industry. Renaissance Fine Consignment® is an industry innovator for retail consignment. The Renaissance Fine Consignment® business model combines the best of all worlds, an exciting and fun retail business model, no need to worry about expensive inventory and high investment costs, Renaissance has designed the PERFECT retail business model. By using the specific consigning process and pricing strategies, as a Renaissance Fine Consignment® team member, you will not need to invest in inventory and expensive trends…..the consigners help you manage what will sell and what you should carry. To be every shopper's favorite place to buy high end clothing and retail items and provide a truly enlightening shopping experience, Renaissance Fine Consignment® chooses only the best people to be Renaissance Fine Consignment® franchisees. Our franchise partners are committed to delivering the highest quality products to customers in the most exciting retail environment possible. Renaissance is setting a new standard of customer experience and expectations for the Consignment Industry. From the quality of the items we offer customers to the care that our staff provides customers who visit the locations, our Renaissance Fine Consignment® franchise partners will proudly strive to deliver a great customer experience in every location across America, every time. The Renaissance Fine Consignment® corporate team is dedicated to ensuring the success of the Renaissance Fine Consignment® franchisees so Renaissance Fine Consignment® can become every shopper's favorite place to visit. The Renaissance Fine Consignment® corporate team has a variety of backgrounds, including operations, real estate, marketing, public relations, human resources, purchasing and information technology. The Renaissance Fine Consignment® team specializes in helping Renaissance Fine Consignment® franchisees during pre-opening, grand opening and provides on-going support. Renaissance Fine Consignment® succeeds if our franchisees succeed, and we are committed to your success! The Renaissance Fine Consignment® franchise team will provide you with the systems, resources and support you need to operate your business successfully.