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Clothes Mentor - Women's Fashion Resale-Arlington Heights, IL
RESALE is the hottest, fastest-growing segment of retail!
Please sign NDA for full financial records and more information.
Here's your chance to participate in RESALE's growth, acceptance, and success at a great price.
Enjoy 66% Gross-Profit Margins while delivering the very best value to customers on better brand women's apparel, shoes, and designer handbags.
Starting in 2007, the Clothes Mentor franchise system grew from just 2 stores to 119 stores open in over 30 states today... Clothes Mentor has become the largest chain of Women's fashion resale stores in the country.
How is Clothes Mentor different?
• Please read the PDF in the ATTACHED DOCUMENTS section below.
• You can also visit: https://clothesmentor.com
What do our store owners/ franchisees think about it?
• View the brief video clip below. (YouTube)
WHAT'S IN IT FOR YOU?
• The Hard Work is DONE - the store build-out is already in place, the staff is trained, and has a relationship established with customers.
• Buy this store at a great price - then focus on further building customer traffic utilizing the ever-improving marketing tools/training/technology and ongoing support of the franchise system to take your new business to the next level of performance.
• Brand Recognition: This store is one of over 119 Clothes Mentor stores in the USA - now with a national e-commerce platform for even more sales revenue opportunities.
• Take advantage of BIG DATA - our stores benefit from a proprietary Point-of-Sale computer hardware/software system that collects data from our stores nationwide. We pay our customers immediately, right over the counter, to buy their better brand, in-style & in great condition fashions. So, it's important to know what brand/style/color of items to buy and then what to resell them for... there's a built-in buying matrix. It's cloud-based too, so you can run reporting on your store remotely - even export your financial data easily into your bookkeeping software. This technology, to measure and maximize your business, is just a part of what really differentiates Clothes Mentor stores from competitors/imitators.
• Don't Forget: IT'S FUN - because we are buying and selling apparel, shoes, and designer handbags every day - the inventory is ever dynamically changing. This keeps it fun and engaging for customers, staff, and you!Thank you for taking the time to read this overview. To get more information, please provide your contact information on the designated form.
We have implemented an automated system for processing non-disclosure agreements (NDAs) and efficiently sharing information, ensuring speed and effectiveness.
You will receive a link to our online NDA, which can be signed electronically. If you do not find the NDA email in your inbox, we recommend checking your junk mail folder. If it's still not there, please contact us at [email protected] , and we will promptly send you a PDF version upon request.
Once we receive your completed NDA, we will promptly send you the Confidential Business Review (CBR). Our team will be delighted to address any questions or correspond with you directly. Thank you once again for your valuable time and consideration!
Listed By: Douglas Yntema
Background information
Reference:
2157100
Year established:
2014
Reason selling:
Retirement
Finance
Sales:
$995,000
Profits:
$197,887
Operations
Employees:
8
Equipment:
Included in asking price $25,000
Inventory:
Included in asking price
Premises
Facility:
4000 for retail and 1500 ecommerce space. Includes inventory, shelves, and software. Everything to make it turnkey.
Square footage:
5500
Rent and lease terms:
$8,833
Location:
Cook County, IL
Opportunities
Growth:
There is much upside potential to grow sales revenue and profitability further through active, on-site, hands-on owner/operator who can: • lead, train, and work closely with staff to generate more repeat shoppers, • leverage new social media tools to build revenue opportunities to a national market, • be involved in the community/promotions / local charitable causes & events • hosting special events within the store and hold a Grand Re-Opening to highlight social media, store changes and new ownership, • Longer store hours and more buying time.
Price and terms
Price:
$430,000
Financing:
Seller MAY consider financing depending on buyer and over all deal details.
Training:
As part of the Clothes Mentor national franchise system, owner/manager training is provided at the main office in Minneapolis, MN. A Franchise Business Consultant is assigned to help you to analyze the computer data and maximize the growth and potential of this business. The store owner has a 24/7 Extranet for manuals, training, and advertising materials.