Play N Trade vs Clothes Mentor Franchise Comparison

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

Start-Up Costs and Fees
  Play N Trade Clothes Mentor
Investment 216600 - 329000 193000 - 310000
Franchise Fee
Royalty Fee 5% 4%
Advertising Fee 2%local + 1%Nat'l $2K/yr
Year Founded 2001 2001
Year Franchised 2003 2007
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Play N Trade Clothes Mentor
Experience

Financing Options
  Play N Trade Clothes Mentor
 
Franchise Fees Yes
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Play N Trade Clothes Mentor
Training * Complete all the online training courses. * Read your daily emails that include tips and updates five days a week. * Attend the regular companywide conference calls which we typically hold twice per month. These calls are also recorded for your convenience. * Attend the training sessions at our Support Center in San Clemente CA. (approx nine days) * Work in a high volume store where you can learn from a successful veteran. On-The-Job Training: 20 hours Classroom Training: 63 hours
Support You will start by working with a franchise development professional who will guide you through the investigative and financing process. Once you are on board as a franchisee, you will begin working with our real estate department and guide you through the site selection process and negotiating your lease. You will be provided a checklist of items to get your store open. We will track your time to opening and will make sure that you are connected with the appropriate vendors at the right times to support you in your ordering, grand opening, Point of Sale training, and set up of your business accounts. We have support personnel at our office six days a week to answer your calls and emails. 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
  Play N Trade 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
Play N Trade
Clothes Mentor
Franchise Fee
Play N Trade
Clothes Mentor
Royalty Fee
Play N Trade 5%
Clothes Mentor 4%
Advertising Fee
Play N Trade 2%local + 1%Nat'l
Clothes Mentor $2K/yr
Year Founded
Play N Trade 2001
Clothes Mentor 2001
Year Franchised
Play N Trade 2003
Clothes Mentor 2007
Term Of Agreement
Play N Trade 10 years
Clothes Mentor 10 Years
Renewal Fee
Play N Trade
Clothes Mentor $10K


Business Experience Requirements
Experience
Play N Trade
Clothes Mentor

Financing Options
 
Franchise Fees
Play N Trade Yes
Clothes Mentor Yes
Start-up Costs
Play N Trade
Clothes Mentor
Equipment
Play N Trade}
Clothes Mentor
Inventory
Play N Trade
Clothes Mentor
Receivables
Play N Trade
Clothes Mentor
Payroll
Play N Trade
Clothes Mentor

Training & Support
Training
Play N Trade * Complete all the online training courses. * Read your daily emails that include tips and updates five days a week. * Attend the regular companywide conference calls which we typically hold twice per month. These calls are also recorded for your convenience. * Attend the training sessions at our Support Center in San Clemente CA. (approx nine days) * Work in a high volume store where you can learn from a successful veteran.
Clothes Mentor On-The-Job Training: 20 hours Classroom Training: 63 hours
Support
Play N Trade You will start by working with a franchise development professional who will guide you through the investigative and financing process. Once you are on board as a franchisee, you will begin working with our real estate department and guide you through the site selection process and negotiating your lease. You will be provided a checklist of items to get your store open. We will track your time to opening and will make sure that you are connected with the appropriate vendors at the right times to support you in your ordering, grand opening, Point of Sale training, and set up of your business accounts. We have support personnel at our office six days a week to answer your calls and emails.
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
Play N Trade
Clothes Mentor Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations
Play N Trade
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
Play N Trade
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
Play N Trade 0
Clothes Mentor
International Expansion
Play N Trade
Clothes Mentor