Question 1

How much does it cost to open a Clothes Mentor franchise?

Accepted Answer

The total initial investment for a Clothes Mentor franchise ranges from $305K to $429K, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Clothes Mentor franchise fee?

Accepted Answer

The initial franchise fee for Clothes Mentor is $25K.

Question 3

What are the net worth requirements for a Clothes Mentor franchise?

Accepted Answer

Net worth requirements for Clothes Mentor are specified in the Franchise Disclosure Document.

Question 4

Does Clothes Mentor require a personal guarantee?

Accepted Answer

Yes, Clothes Mentor requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Clothes Mentor franchise?

Accepted Answer

Equipment costs for a Clothes Mentor franchise range from $70K to $90K. Initial inventory costs range from $60K to $80K.