Clothes Mentor #1711552877
Minnetonka, Minnesota
Retail
Location
Minnetonka, Minnesota
Inventory
Included in sales price
Real Estate
Rent
Building SF
3400
Lease Expiration
1819670400000
Employees
6
Facilities
The current lease is 3,400 Sq Ft and is good through August of 2027 and may be extended with the agreement of the lessor.
Owner Absentee
No
Competition
Turn-key operation. Assumable lease. Assumable franchise agreement. Current renewal effective 5/30/29. Mature/Trained staff may be willing to stay if buyer desires.
Growth & Expansion
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.
Support & 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 available for manuals, training, and advertising materials.
Franchise
This business is an established franchise
Reason for Selling
Owners looking to retire - long commute.
Listing Id
599061
Asking Price
$125,500
Cash Flow
$63,127
Gross Revenue
$442,422
FF&E
$61,500
Inventory
$55,000
Rent
$10,039
Established
2008