Start-Up Costs and Fees |
||
| Hock Shop | Clothes Mentor | |
| Investment | 165000 - 165000 | 193000 - 310000 |
| Franchise Fee | ||
| Royalty Fee | 4% | |
| Advertising Fee | $2K/yr | |
| Year Founded | 1983 | 2001 |
| Year Franchised | 1993 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Hock Shop | Clothes Mentor | |
| Experience | ||
Financing Options |
||
| Hock Shop | Clothes Mentor | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Hock Shop | Clothes Mentor | |
| 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 | |
| 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 |
||
| Hock Shop | Clothes Mentor | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Hock Shop | |
| Clothes Mentor | |
| Franchise Fee | |
| Hock Shop | |
| Clothes Mentor | |
| Royalty Fee | |
| Hock Shop | |
| Clothes Mentor | 4% |
| Advertising Fee | |
| Hock Shop | |
| Clothes Mentor | $2K/yr |
| Year Founded | |
| Hock Shop | 1983 |
| Clothes Mentor | 2001 |
| Year Franchised | |
| Hock Shop | 1993 |
| Clothes Mentor | 2007 |
| Term Of Agreement | |
| Hock Shop | |
| Clothes Mentor | 10 Years |
| Renewal Fee | |
| Hock Shop | |
| Clothes Mentor | $10K |
Business Experience Requirements |
|
| Experience | |
| Hock Shop | |
| Clothes Mentor | |
Financing Options |
|
| Franchise Fees | |
| Hock Shop | |
| Clothes Mentor | |
| Start-up Costs | |
| Hock Shop | |
| Clothes Mentor | |
| Equipment | |
| Hock Shop} | |
| Clothes Mentor | |
| Inventory | |
| Hock Shop | |
| Clothes Mentor | |
| Receivables | |
| Hock Shop | |
| Clothes Mentor | |
| Payroll | |
| Hock Shop | |
| Clothes Mentor | |
Training & Support |
|
| Training | |
| Hock Shop | |
| Clothes Mentor | On-The-Job Training: 20 hours Classroom Training: 63 hours |
| Support | |
| Hock Shop | |
| Clothes Mentor | 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 |
| Marketing | |
| Hock Shop | |
| Clothes Mentor | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Hock Shop | |
| Clothes Mentor | * 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 |
|
| US Expansion | |
| Hock Shop | |
| Clothes Mentor | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Hock Shop | 0 |
| Clothes Mentor | |
| International Expansion | |
| Hock Shop | |
| Clothes Mentor | |