FranchiseVerdict
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FV-00568·MODERATEExcellent95

Clothes Mentor

RetailFranchising since 2006Website
Investment
$308K – $432K
77th pct Retail
Avg revenue
$820K
25th pct Retail
Royalty
4.0%
7th pct Retail
Units
113
66th pct Retail
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $308K – $432K including a $25K franchise fee, 4.0% ongoing royalty.
  • Average unit revenue of $820K/year (median $744K).
  • Rated MODERATE with a risk score of 55/100. SBA loan default rate of 0.0% across 80 loans (below the industry average).
  • System contracting at -5.8% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Clothes Mentor, LLC
Parent company
NTY Franchise Company, LLC
Incorporated in
Delaware
HQ
13895 Industrial Park Blvd, Ste 100, Plymouth, MN 55441
Auditor
LB Carlson, LLP
Audited financials
Franchisor revenue
$3.8M
vs $3.8M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Clothes Mentor unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $819,550
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: retail
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $308K–$432K
Working capital
$
FDD reports $20K–$25K

Unlevered ROIC · per unit

17%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$66K
EBITDA margin
8.0%
Total invested
$392K
Payback
72 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Clothes Mentor units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$164K

on $820K purchase

Total debt

$656K

SBA $0.4M + senior + seller note

Overview

About

Clothes Mentor franchisees operate consignment and resale clothing retail stores focused on women's and children's apparel. Day-to-day operations include inventory acquisition (consignment negotiations), visual merchandising, point-of-sale transactions, staff management, and customer service in a thrift-to-upscale secondhand retail environment.

CEO
Ronald G. Olson
Founded
2006
FDD year
2026
States available
30

Item 7 · what it costs

The Vitals

Total investment
$308K – $432K
All-in to open one unit
Liquid capital
$20K – $25K
Cash you must have on hand
Franchise fee
$25K
Royalty
4.0%
Net Sales · typical 6–8%
Ad fund
$3,000
Total fee load
4.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$820K
Per unit, per year
Median gross sales
$744K
Item 19 type
Average and Median Net Sales and Gross Profit
Sample size
103 units
vs category median 52
Range (low → high)
$183K$2.4M
Cohort dispersion
Transparency
6 / 5
vs category median 3 / 5 · above
Revenue rank25th
vs Retail peers
Investment cost rank77th
Lower investment ranks lower (better)
Royalty rate rank7th
Lower royalty = lower percentile (better)
Unit count rank66th
vs Retail peers
Risk score rank39th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
113
Opened
3
Last reporting year
Closed
3
Turnover rate
2.7%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+0.0%
Net unit change last year
3-yr CAGR
-5.8%
Compounded over last 3 years
2024
113±0
Franchised units
2025
113
Franchised units
2026
120
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 28 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 28 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
80
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

55
Risk · 0-100
MODERATE55 / 100

Clothes Mentor presents meaningful litigation history tied to financial misrepresentation, undisclosed profitability metrics, and unclear unit growth, warranting caution despite reasonable royalty rates and protected territory.

Score breakdown · what drove the 55 / 100 rating

  1. 01HIGHTwo concluded arbitrations involving fraud and breach of contract claims with $1.05M in combined settlements raise credibility concerns about financial performance representations
  2. 02MEDNet Income not disclosed in Item 19 prevents validation of the $819,550 average revenue figure and makes ROI analysis impossible
  3. 03MINORUnknown unit growth trajectory over 10+ years of operation with only 113 units suggests stagnation or inconsistent expansion
  4. 04MED4% royalty on total net sales (not gross) is favorable, but paired with undisclosed profitability creates opacity around true franchisee earnings
  5. 05MEDHigh initial investment range ($308K-$431.5K) relative to disclosed revenue without corresponding net income data increases financial risk

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
2
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
The laws of the state where your Store is located

Item 11

Training & Operations

Classroom training
49 hrs
On-the-job training
53 hrs
POS system
Resale1
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

95 numbers

Locked
(972) 318-••••
TX
(952) 944-••••
MN
(815) 744-••••
IL

One-time purchase · CSV download · Validation questions included

FDD download

Clothes Mentor · FDD (2026) PDF

Single-page checkout · instant download · CSV export of contacts available separately above