Initial Investments

The charts below show the approximate Clothes Mentor initial investments you need to get the doors open, have a working capital reserve, get stocked with inventory and be ready for customers.

Estimated Range:

Low End Approximately $173,000*
High End Approximately $290,000*

While it’s likely that most stores will land in the targeted range listed above, it’s also dependent upon a number of variables. Further detailed information is outlined in our Franchise Disclosure Document (FDD). To get a copy of this document, please contact your Clothes Mentor franchise representative.

Type of Expenditures Purchase Option Amount Lease Option Amount*
Initial Franchise Fee $20,000 – $25,000 $20,000 – $25,000
Leasehold Improvements $25,000 – $60,000 $25,000 – $60,000
Signs $5,000 – $9,000 $0 – 12,500
Fixtures $30,000 – $40,000
Proprietary Software and POS $13,500
Inventory $30,000  $50,000 $30,000 – $50,000
Deposits, Business Licenses and Permits $7,000 – $15,000 $7,000 – $15,000
Legal and Accounting $0 – $4,000 $0 – $4,000
Security $7,000 – $10,000 $7,000 – $10,000
Travel Expenses to Attend Training $4,000 – $8,500 $4,000 – $8,500
Pre-opening Labor Expenses $10,000 –  $15,000 $10,000 –  $15,000
Grand Opening Advertising $16,000 – $20,000 $16,000 – $20,000
Miscellaneous Pre-opening Expenses $14,000 – $20,000 $14,000 – $20,000
Rent – 3 Months $20,000 – $25,000 $20,000 – $25,000
Additional Funds – 3 Months $20,000 – $25,000 $20,000 – $25,000
Total $221,500 –  $340,000 $173,000 – $290,000

We asked several franchisees for their thoughts on the Clothes Mentor initial investments. Check out their feedback in this video:

Get started on a quick path to success with our required investment range. Learn more about it in this video featuring our VP of Franchising:

 

 

Next – Low Fees