Plato's Closet vs Clothes Mentor Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Plato's Closet vs Clothes Mentor including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Plato's Closet Clothes Mentor
Investment 251700 - 390700 193000 - 310000
Franchise Fee
Royalty Fee 5% 4%
Advertising Fee $1K/yr. $2K/yr
Year Founded 1998 2001
Year Franchised 1999 2007
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Plato's Closet Clothes Mentor
Experience

Financing Options
  Plato's Closet Clothes Mentor
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Plato's Closet Clothes Mentor
Training On-The-Job Training: 30 hours Classroom Training: 48 hours On-The-Job Training: 20 hours Classroom Training: 63 hours
Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform 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 Regional Advertising Social media SEO Website development Email marketing Loyalty program/app Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations Number of Employees Required to Run: 3 - 5 * 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
  Plato's Closet 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 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 Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory
International Expansion

Start-Up Costs and Fees Mobile
Investment
Plato's Closet
Clothes Mentor
Franchise Fee
Plato's Closet
Clothes Mentor
Royalty Fee
Plato's Closet 5%
Clothes Mentor 4%
Advertising Fee
Plato's Closet $1K/yr.
Clothes Mentor $2K/yr
Year Founded
Plato's Closet 1998
Clothes Mentor 2001
Year Franchised
Plato's Closet 1999
Clothes Mentor 2007
Term Of Agreement
Plato's Closet 10 years
Clothes Mentor 10 Years
Renewal Fee
Plato's Closet 5000
Clothes Mentor $10K


Business Experience Requirements
Experience
Plato's Closet
Clothes Mentor

Financing Options
 
Franchise Fees
Plato's Closet No
Clothes Mentor No
Start-up Costs
Plato's Closet
Clothes Mentor
Equipment
Plato's Closet}
Clothes Mentor
Inventory
Plato's Closet
Clothes Mentor
Receivables
Plato's Closet
Clothes Mentor
Payroll
Plato's Closet
Clothes Mentor

Training & Support
Training
Plato's Closet On-The-Job Training: 30 hours Classroom Training: 48 hours
Clothes Mentor On-The-Job Training: 20 hours Classroom Training: 63 hours
Support
Plato's Closet Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
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
Plato's Closet Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Clothes Mentor Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations
Plato's Closet Number of Employees Required to Run: 3 - 5
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
Plato's Closet 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
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
Plato's Closet Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory
Clothes Mentor
International Expansion
Plato's Closet
Clothes Mentor