Today 27 November
Updated 17 september 2018

Franchise NTY Clothing Exchange LLC

Investments

$174,700

Franchise fee

$25,000

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Short information

$174,700

$174,700

Investments

$75,000

$75,000

Minimum Cash

3

3

Wishing to buy

2014

2014

Year Brand Started

4

4

Offices

2014

2014

Year Franchising Started

Franchise NTY Clothing Exchange LLC

Investments

$174,700

Offices

4

Franchise Fee

25000

Short information

2014

Year Brand Started

2014

Year Franchising Started

About Franchise

NTY (New To You) Franchise Company was founded in 2006 by President Ron Olson. Since its inception, the company has skyrocketed to becoming one of the fastest-growing private companies in the U.S., with a tried-and-true resale concept and a solid franchising business model.

Things got rolling in 2007, when NTY purchased the franchise rights for Clothes Mentor, a women’s resale store focusing on designer clothing, shoes and accessories. There are now more than 140 Clothes Mentor stores open nationwide.

Four years later, with a solid foundation in place, NTY expanded its offerings by purchasing the franchise rights for New Uses, a resale store for home goods such as furniture, artwork, and more. There are currently 12 New Uses stores. Just two years after that, in 2013, the next brand was introduced under the NTY Franchise Company umbrella. Purchased as Laptop Exchange and renamed Device Pitstop, the franchise buys, sells and repairs personal electronics. To date, there are 12 Device Pitstop stores open.

Continuing to follow its successful business model and recognizing a void in the resale market for kids and teens, the company created two new franchises from scratch in 2014: NTY Kids for newborns through preteens and NTY Clothing Exchange for teens and young adults. Both stores buy and sell name-brand clothing, shoes, and accessories, and NTY Kids also adds toys and baby equipment into the mix.

Rounding out its resale franchise offerings and boosting store numbers significantly in 2015, NTY Franchise Company purchased an existing kids resale store, Children’s Orchard, and merged it with NTY Kids. The name Children’s Orchard stuck, and the new total of 30 stores were revamped to fit the modern design and concept developed by the NTY team.

Franchise NTY Clothing Exchange LLC

Resale Franchising: It’s What We Do

The business of Resale and Resale Franchising is woven into our fabric. We’ve been doing it for years and we like to think we do it well. It’s our experience that differentiates our franchises from so many other opportunities available to you.

So why is our focus on resale, you ask? Because it works, plain and simple. 

A proven franchising model

Our tried-and-true approach to resale results in margins of approximately 60 percent month after month, year after year year. It just doesn’t get better than that. To put this into perspective, consider the fact that traditional retail stores average gross margins of about only 40 percent. This means as an NTY Resale Franchise owner, you make more money faster.

Ready to learn more about NTY Franchise Co.’s franchise opportunities? 

Our Concept of Resale is Unique

It’s not consignment and it’s not thrift. We buy inventory from customers for CASH On-the-Spot. In comparison, consignment stores only pay customers a percentage of the profit when (or if) their specific merchandise sells. Thrift stores, on the other hand, usually don’t pay customers for merchandise at all, accepting donated goods for inventory.

The money that NTY Franchise Company stores spend on inventory goes directly back into the respective communities. It fills the pockets of the people you care about, and they love the convenience of CASH On-the-Spot.

Franchise NTY Clothing Exchange LLC

Our Niche is Upscale Resale

All five of our resale franchise brands put great emphasis on buying high-quality, name-brand merchandise that is gently used and in excellent condition. The stores are clean, bright, and meticulously organized. Shoppers feel welcome and know that they’ll find exceptional deals at every turn.

And the very nature of resale keeps customers coming back. Inventory changes daily, and that’s a thrill for shoppers—so is saving an average of 70 percent off of original retail prices.

Our general rule of thumb is that stores buy merchandise for one-third of what they sell it for, providing high gross margins while pleasing both shoppers (who find amazing deals) and sellers (who get cash for items they no longer need).

Resale is an Enduring Trend

For starters, it’s environmentally conscious, which continues to resonate with people. All brands under the NTY Franchise Company umbrella promote the reuse of goods.

Also, the market for resale has proven to not only withstand, but flourish during economic downturns. Take Clothes Mentor, for example, which started franchising in 2007 when the U.S. economy was on the verge of a recession. Within the following two years, when other retail stores were struggling, Clothes Mentor was thriving. It created an even bigger demand for our resale niche that continued to grow as the economy improved.

While NTY’s concept of resale is fundamental in getting stores off to a fast start toward success, the other key factor is franchising. Check out the other pages on this site to learn more about how it works.

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Finance Information

Investments: $174,700 – $275,500

Franchise fee: $25,000

Royalty fee: 4%

Minimum Cash: $75,000

Net Worth: $400,000

Training and Support

NTY Franchise Company has developed a proven, profitable business model for all five of our resale franchises. We make it easy for you to open a store so you can focus on your customers and, ultimately, fulfilling your dreams. At the heart of it: Your success leads to our success.

Our staff is highly driven to help you achieve your goals, not only from the start, but also long term. NTY receives royalties, a small percentage of a store’s sales volume, so our priority is to help you sell more.

A clear path to success will help you to avoid years of trial and error, reduce costly mistakes, shorten your learning curve and, ultimately, reach your goals sooner. The following are key benefits that come along with an NTY franchise:

Business Planning

We’ll work with you to develop a plan that can be used as the financial and operational guide for your store during the critical start-up phase of your business.

Training

We conduct three separate, comprehensive training programs that provide our new owners with both pre-opening and post-opening classes and hands-on experience.

Bank Financing

We have a Small Business Administration (SBA) preferred status lender who can help you with prequalification before you commit to opening your store. This lender knows our brand, our business plan and how to process loans quickly and efficiently.

Store Location Assistance

NTY Franchise company has adopted a standardized real estate process that has a clearly defined all-in-one strategy for site selection, lease negotiation and legal review.

Store Opening Assistance

We have proven vendors already in place to get the best pricing and service on everything needed for store buildout: fixtures, equipment, interior/exterior signage, point-of-sale system and more.

Point-of-Sale (POS) System

The unique software that runs our proprietary POS system was specifically designed to meet the ever-changing needs of the resale business. With touch screen capabilities and a built-in buy matrix, the system assists in the buying and selling of gently used merchandise.

Regional Operations Manager (ROM)

Our ROMs serve as small business consultants for our franchisees. They are responsible for ensuring success in all areas of the resale operation, including financial performance, merchandising and customer service.

Marketing

Before a store even opens, we help to create excitement about it. Then we continue to provide marketing support to all stores at both local and national levels. Get more in-depth information about each of these topics within the following pages.

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Training

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Business Type

Franchise

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