NTY Franchise Company will be discussing our innovative franchise opportunities in person at the following seminars presented by the Franchise Consulting Company (FCC).
Hear firsthand from our VP of Franchising, Jim Wollman, about what makes our five resale brands special and our business model successful.
Upcoming Seminars
March 16: Santa Clara, CA, hosted by Rick Morgin.
March 18: Los Angeles, CA, hosted by Stephen Winterrowd and Lauren Grant.
March 29: Fort Lauderdale, FL, hosted by Cliff Fostoff.
Selecting a franchise is a big decision. That’s why it’s important to choose one that will stand the tests of time and the economy. Here are five reasons why NTY franchises are sustainable businesses:
1. Resale
All five NTY franchises are resale businesses. By its very nature, resale is sustainable. Take the company’s flagship brand Clothes Mentor, for example, which started franchising in 2007 when the U.S. economy was on the verge of a recession. Within the following few years, when other retail stores were struggling, Clothes Mentor stores were thriving. The downturn created an even bigger demand for the resale niche that has continued to grow as the economy improves.
2. Green Concept
Franchisees that partner with NTY and customers that shop our stores value the reuse of quality goods. NTY stores buy products from customers for cash on-the-spot, which puts money back into the pockets of people within the community. This, in turn, helps the planet by extending the life of great clothing, shoes, furniture, toys, electronics and more and keeps those items out of landfills.
3. Customers Love NTY Products and Services
Just like they love making money by selling items to NTY Franchise stores, customers love saving money by shopping with us, too. Our point-of-sale software features a sophisticated buy matrix, which helps NTY Franchise stores price their high-quality merchandise at approximately 70% less than the original retail price. That great value and seeing new items on the floor every day keeps shoppers coming back.
4. Profitability at Store Level
Our proprietary point-of-sale system also helps stores stay on course for achieving high gross margins of approximately 60%, which translates to a faster return on investment, greater profits and the opportunity for rapid growth to multi-store businesses. The following is a snapshot of the return-on-investment numbers for franchisees with our Children’s Orchard brand.
Return on investment numbers for Children’s Orchard:
5. Accessible Corporate Team and Franchisee Network
With 200 stores open across all brands, NTY has developed a strong franchise support system that starts with a highly experienced management team. In addition, we have a large and diverse network of franchisees that are easily accessible for validation during the franchising process as well as ongoing support in the form of idea sharing, franchise advisory councils (FACs), potential advertising cooperatives, comradery and more.
Click on the brand logos at the top of this page to find out more about NTY’s five franchises.
*$648,342 is the average net sales of the 5 stores included in the top 25% of all 21 Children’s Orchard® stores in operation for entire calendar year ended December 31, 2015. Of the 5 stores included in the average net sales for the top 25% of all stores, 2 stores (40%) met or exceeded the average net sales. There is no assurance, however, that you will do as well. See Item 19 of the Children’s Orchard® Franchise Disclosure Document dated April 26, 2016, for more information.
You can be very successful with just one NTY Franchise store, but our business model is easily scalable, too! Find out more about this topic in the two quick videos below featuring NTY’s VP of Franchising.
NTY Franchise Company’s flagship brand, Clothes Mentor, was recently featured in Franchising USA in honor of its 10th anniversary. Check out some amazing figures coming out of Clothes Mentor’s success in the brand’s brief history:
Thousands of franchise brands use their 10th anniversary to brag about the millions of dollars they’ve made selling goods and services in their communities. Women’s upscale resale clothing franchise Clothes Mentor can look back at their first decade and celebrate the millions of dollars they’ve paid to the people in their communities.
$180 million, to be exact.
This February, Clothes Mentor and their parent company, NTY Franchise Company, celebrate 10 years of not only offering gently-used name-brand and designer clothing, shoes and accessories for up to 70 percent off of original retail prices, but paying cash on the spot to the women who bring in their gently-used clothing, shoes and accessories. From their first franchise in Canton, Ohio, launched in 2007 to more than 150 stores nationwide today, Clothes Mentor locations can be found in 29 states and 132 cities throughout the United States.
“This has been an amazing 10 years. I am thrilled to be where we are after 10 years of growth. We would not have been able to accomplish what we have without the hard work and dedication from our franchisees and Clothes Mentor corporate staff in Minneapolis,” said Chad Olson, COO of NTY Franchise Company.
Resale pioneer abandons retirement to launch resale revolution
As a child, Ron Olson worked in the theatre his parents owned and watched the many movies that showed how the rich and famous lived. He thought maybe some day he could be rich like that. In 2000, at the age of 58, he reached that goal when he retired a multimillionaire after building GrowBiz, his empire of resale stores that included Play It Again Sports and Plato’s Closet. In retirement, Ron golfed. He dabbled in real estate. He travelled. He went crazy. He decided that retirement wasn’t for him.
“I was bored. I love work and it drives me,” he said. “I had to get back in the game.”
By 2006, The Godfather of Resale was at it again. On a visit to Columbus, Ohio, Ron’s friends Lynn and Dennis Blum, the founders of Plato’s Closet and Once Upon a Child, introduced him to their new women’s upscale resale store, Clothes Mentor. Olson saw potential. He jumped out of retirement and started NTY Franchise Company, purchasing the three Clothes Mentor locations and hiring his son, Chad, who helped him grow the brand.
“There are still plenty of open markets for Clothes Mentor across America. More and more Americans today want an alternative to thrift in their market, and Clothes Mentor provides them that with its brightly lit, clean and organized shopping environment,” Chad Olson said.
By March of 2014, Clothes Mentor had grown to more than 100 stores. The concept was a hit with franchise owners who loved being their own boss as well as cash-strapped consumers still suffering financially from the great recession of 2008 but wanting to enjoy the designer retail brands at Clothes Mentor’s resale prices.
Today, resale is a $12 billion industry with Clothes Mentor leading the charge in upscale women’s clothing. Over the last decade, they’ve sold more than 28 million units of clothing, recycled 42 million units, and created almost 6,000 local employment opportunities.
Making dreams come true
For Clothes Mentor franchisees, the business has provided more than just an income. It’s been a life-changing event. Franchisees like Mike and Melanie Harris of Edmond, Oklahoma, were able to return to their home and be with their families thanks to the opportunity provided by Clothes Mentor.
“We are thankful to have found the opportunity to own a Clothes Mentor franchise. Because of this, we moved back to our home state of Oklahoma to be near family, which encouraged more family to move here as well. We doubt this would have happened in the three years we’ve been here, without this major life change,” they said.
For others, purchasing Clothes Mentor franchises wasn’t just about being close to family, it meant working in the family business. Sisters Sadie Cherney and Alyssa Cox each own multiple Clothes Mentor locations in North and South Carolina. Their parents had owned resale stores since Sadie and Alyssa were teenagers, giving them a firsthand experience into the wonderful world of resale.
“Having the Clothes Mentor franchises has been a wonderful experience for our family to grow together in the resale industry. Opening a business is always a risk, but we felt strongly from the beginning with our parent’s past experience in resale franchises that it was a profitable opportunity. We look forward to opening more in the near future,” Alyssa said.
Sadie agrees.
“Growing up with family resale franchises provided a framework for my sister and I to appreciate recycling and value-driven shopping,” she said. “We’ve been able to build a work culture that takes great pride in our small businesses, as well as a mission to be involved in and supportive of the communities where we are located.”
Kathy and Lane Bosley own Clothes Mentor in Tyler, Texas, and are hoping their daughters can learn similar lessons by seeing their mom and dad win with their franchise store.
“We are thankful to show our children (ages 9–16) how to own a business. We’re thankful they’ll see how much hard work is required, how important good character is and what a blessing it is to work together as a family!” she said.
More to come over the next 10 years
Clothes Mentor recently launched a free personal shopper program where customers submit their sizes, style preferences and budget either by phone or online, then one of the store’s fashion experts selects outfits for the customer to try on upon arrival. The personal shopper program is currently active in 105 stores and will continue to expand in 2017.
NTY Franchise Company plans to launch 25 Clothes Mentor stores in 2017 and hopes to open around 25–30 per year over the next decade, making Olson and his team very optimistic for the future.
“The next 10 years are going to be awesome. We will be approaching 500 stores, and our franchise base and the customers we serve will have grown dramatically. The jobs our franchisees have created will have helped thousands and thousands of Americans. Only in franchising can you get this kind of trifecta.”
Check out this article from altoonamirror.com about why franchising is a smart business move. For one, it allows you to build your own business with the support of a proven system. Learn more:
Mirror photo by J.D. Cavrich.
Franchises gaining in popularity
By Walt Frank
After his family business was sold, Mike Folcarelli said he was “looking for something to do.”
So in 2014, Folcarelli opened a HoneyBaked Ham Co. and Cafe franchise in the Pleasant Valley Shopping Center.
“I thought at my age (49 at the time), this was the best way to go, instead of starting something from scratch. They have proven marketing and brand recognition,” Folcarelli said. “I looked at others (franchises), not just in the food business. I just decided on this — it just fit my lifestyle.”
Mike Burgmeier worked at the Greenwood Meadows while in high school and college.
“I have an entrepreneurial flair. I knew I always wanted my own franchise,” Burgmeier said.
Burgmeier is the franchise owner of the Chick-fil-A restaurant set to open in March at 106 Sierra Drive, the site of the former Montezuma Mexican Restaurant.
“I started to pursue this in 2013. I looked at several other types of franchises, but I wanted to be in the food retail industry. Chick-fil-A is dedicated to customer service. Their core values and my core values lined up,” Burgmeier said. “I am pleased I have the ability to bring in a franchise like Chick-fil-A, which does tremendous things for the community. It will be a nice place for people to sit down and enjoy a good product. I am excited about that.”
Between 12,000 and 15,000 new franchise businesses open every year in the United States, or between 30 and 40 per day.
There are an estimated 733,000 franchise business establishments in the U.S., meaning about 3 percent of all businesses are franchises, and franchise businesses employ about 7.6 million people directly, said John R. Reynolds, president of the Franchise Education and Research Foundation.
Reynolds said the franchising industry has averaged about 2 percent to 3 percent growth per year in the past few years.
Franchises are very popular these days.
“Franchises are popular because they provide business owners with a systematic approach to owning and operating a business that provides branding, marketing, training and support. It combines the resources of the franchisor and franchisees in the network to get a multiplier effect,” Reynolds said. “Many people buy into a franchise because they want to go into business for themselves, but not by themselves. Being part of a franchise system gives them advantages of not going it alone.”
Judy and Anthony Branda have owned the Greenwood Meadows franchise for about nine years.
“My husband had talked to the people who owned it and told them if they ever wanted to sell it, to let us know. We thought it would be a fun business to get into; when people come in for ice cream, they are happy,” Judy Branda said.
Melvin Milne has owned the Budget Blinds franchise in Altoona for nine years, and the one in State College for five years.
“I was in the construction business. I normally worked for someone else and this was a way to get started; a franchise helps you jump-start a business,” Milne said. “I’ve been in this nine years. The economy was not the greatest when I started. It was difficult at first, but the last couple of years it has been nothing but referrals and repeat business.”
David Rosen is the owner of the Griswold Home Care franchise in Hollidaysburg. He also owns two other Griswold franchises.
“I was a do-it-yourself type of person and I wanted to be more of a franchise person. I liked the idea of partnership. The company was moving in the right direction, and I felt it was a solid company,” Rosen said. “Partnerships bring some expertise and help you achieve success. For me, I really liked the mix and felt it was a good fit.”
Owning a franchise has advantages.
According to the International Franchise Association, owning a franchise allows you to go into business for yourself, but not by yourself. A franchise provides franchisees with a certain level of independence where they can operate their business. A franchise provides an established product or service that might already enjoy widespread brand-name recognition. This gives the franchisee the benefits of a pre-sold customer base that would ordinarily takes years to establish. A franchise can increase the chance of business success because it is associated with proven products and methods. Franchises also offer consumers the attraction of a certain level of quality and consistency because it is mandated by the franchise agreement.
“You have a proven product and the system is in place. You don’t have to re-invent the wheel, just follow the system and try to improve on it in your local market. It comes down to hiring the right people and training them and serving the customers,” Folcarelli said.
But there can be some disadvantages to owning a franchise.
The franchisee is not completely independent. Franchisees are required to operate their businesses according to the procedures and restrictions set forth by the franchisor in the franchisee agreement. These restrictions usually include the products or services which can be offered, pricing and geographic territory, according to the IFA.
“You have to recognize that you don’t have the luxury to mess with branding and changes,” Rosen said.
Owning a franchise can take a lot of work.
“You do put in a lot of long hours. In this small business, you are the HR guy, the purchasing guy, the sales guy. There is a lot more responsibility than at a larger company. You wear all of the hats,” Folcarelli said.
It is important to do your research before purchasing a franchise.
“Do your homework on any franchise. There are good ones, there are bad ones, there are great ones and horror stories out there,” Milne said.
The first step is to develop a business plan.
“There are many franchise businesses to choose from. What are the types of businesses that appeal to you that also meet your personal and financial goals in your business plan? Lastly, get advice from a qualified franchise attorney before accepting any franchise offers or signing any franchise agreements,” Reynolds said.
“Check out the company as a whole, its financial situation, how long they have been in business, what kind of talent do they have. Talk to other franchise owners to see if they are willing to talk to you about the franchise. Talk to new ones and others who have been in it for three to five years to get their perspective on the franchise,” Rosen said. “I looked at four or five organizations; Griswold emerged for me. I liked its vision and mission of serving people.”
Reynolds said it is not difficult to get a franchise.
“There are franchises available for less than $100,000, and others for more than $1 million. It’s important to consider a franchise business that meets your personal and financial goals and plans,” Reynolds said.
With the opening of its 200th store, NTY Franchise Company continues to grow and be a leader in the upscale resale industry. Check out the great article about the company and its five innovative resale brands from the January issue of Global Business North America:
Check out excerpts from a linkedin.com article below, which features several franchisees from various NTY Franchise Company brands.
Why these franchisees see franchising as a gift
By Jim Judy
The holidays are here, so what better way for me to celebrate than to hear why actual franchise owners see franchising as a wonderful gift. As a franchise consultant, I’m always happy to hear how they are thriving in their franchise business, but even I was surprised by the response I received for this story.
I’ve heard from dozens of franchisees from numerous franchise systems excited to share their thoughts on what they love about franchising.
Enjoy what they have to say, and have a wonderful holiday!
[…]
“This year we feel even more thankful than previous years. By opening our Clothes Mentor franchise we fulfilled our dream of having a family business and have the opportunity to spend more time together. Being a franchise owner has given us the opportunity to save for our retirement, and provide long term job security for our son. Our #Dream2016 has come through.” – Pieter de Smidt, Clothes Mentor of Sugarland, TX
“I’m thankful for franchising! Combining my entrepreneurship passion with best practices, systems and tools from a proven franchiser is a winning combination. 2016 was a great year!” – Bradley R. Swenson, Device Pitstop of Maple Grove
“We are thankful for a franchise with a proven track record to give us the confidence to open multiple, very successful businesses. By following the “resale-retail recipe” provided, we are not forced to build a business model from the ground up, but to utilize the wealth of knowledge our franchisor has handed to us to create our own businesses in our market and have the freedom to be creative and find ways to improve even more on operating our own individual stores.” – Shawn & Alyssa Cox, Clothes Mentor Charlotte – Midtown, NC, Charlotte – Arboretum, NC & Rock Hill, SC
“Being part of a franchise provides a broader opportunity for success, and gives an established brand to build on. I’m thankful for the partnership, resources, technology, and ongoing support from the franchise I am partnered with.” – Shasta Webber, Children’s Orchard Huntersville, NC
“Franchising give me the flexibility to make more family time. There are no clocks to punch and no supervisor to decline vacation requests.” – Brad Peterson, Device Pitstop Burnsville, MN
“After just spending 90 minutes with my franchise operations manager, I feel like I have a focused business strategy to wrap up 2016…and he planted seeds for me to start developing my 2017 business goals. I am thankful for having a built-in, business-savvy coach who wants us to succeed as much as we do.” – Chris Barnett, Clothes Mentor Springfield, PA
Check out this article from franchisingusamagazine.com to find out how Clothes Mentor is attracting two new customer groups:
Upscale Resale Franchise Clothes Mentor Attracts New Customers
NTY Franchise Company’s flagship resale brand Clothes Mentor is expanding its fashion focus, attracting two new customer groups: plus-size and millennial women. Launching the push to better serve these demographics at this year’s conference in Minneapolis, the company produced two exciting fashion shows hosted by Mall of America trend expert Sara Rogers and featuring fashion bloggers Amanda Williams (mybellamoxie.com) and Davee Ek (daveesecrets.com), both nationally recognized in the plus-size and millennial spaces.
The lively shows were both entertaining and educational, as models showcased the hottest fashion trends for plus-size and millennial women while the experts elaborated on the tastes, lifestyle, shopping preferences and more for these customers.
Building off of the runway excitement, franchisees continued to learn more about Clothes Mentor’s new plus-size and millennial customers during in-depth training sessions. Topics included digital and data-driven marketing, the personal shopper program, maximizing social media and more—all of which have helped Clothes Mentor stores speak to new and existing customers on a more personal level than any other women’s fashion resale franchise in the country.
Franchisees left this year’s Clothes Mentor conference energized and inspired to make 2016 a big year by welcoming new plus-size and millennial customers into their stores.
Read about the first Device Pitstop store to open in Virginia in this article from dailypress.com. Congratulations, Device Pitstop Newport News!
Device Pitstop Newport News franchisee Paul Washington.
York County franchisee opens first Virginia Device Pitstop in Newport News Tech Center
Paul Washington of York County is opening a Device Pitstop today in Newport News Tech Center. The franchise repairs computers and cell phones on-site and buys and sells gently used computers and mobile devices.
“I think it’s a service that will fit the area well,” Washington said.
Customers can get laptops, desktop computers, tablets and smartphones below original prices because they are used and refurbished, according to a news release. The store certifies and tests the products, which are backed by 30-day and extended warranties.
The store also sells new accessories, he said.
Washington said he opened his store at 12080 Jefferson Ave. in Tech Center because he liked the new shopping center, which brought new brands to the market. Tech Center is highly visible and the AT&T store next door could bring more walk-in clientele to Device Pitstop, he said.
Device Pitstop started in Las Vegas in 2003 and currently has 10 stores nationwide, but plans to continue growing, according to its website. Washington had been working in a corporate job and wanted to run his own business, particularly one that appealed to his computer geek side.
Hours are 10 a.m. to 8 p.m. Monday-Friday and 10 a.m. to 6 p.m. Saturday and Sunday. For more information, call the store at 757-234-7565 or visit www.devicepitstop.com/newportnews/.
Check out this exciting article from Franchising USA about NTY Franchise Company’s 200th store opening this month!
National upscale resale franchise NTY (New to You) Franchise Company, headquartered in Minnetonka, Minnesota, will open their 200th store on Thursday, November 10. Device Pitstop, NTY Franchise Company’s mobile and electronic device resale franchise, will have the honor of achieving the company milestone when they open the doors of their new franchise unit in Newport News, Virginia.
“We’re very excited to open our 200th store in Newport News, Virginia this November,” NTY Franchise Company COO Chad Olson (pictured above) said. “The opening signifies our continued growth and commitment to meeting the modern consumer’s need for high-quality clothing, devices and other items at an affordable price.”
Founded in 2006 by Ron Olson, NTY Franchise Company features five resale brands, all with a different focus: Clothes Mentor, Children’s Orchard, Device Pitstop, New Uses, and NTY Clothing Exchange. Their brands cover everything from women’s designer fashions, children’s apparel and accessories, furniture and household goods, electronic sales and repair, and clothing for teens and young adults. All brands feature cutting-edge technology, support, and lucrative franchising opportunities to help candidates establish resale stores throughout the United States.
Linda Berg is the Franchise Business Consultant for Clothes Mentor’s Southeast region and the Franchise Operations Manager for Clothes Mentor, Children’s Orchard, and NTY Clothing Exchange. Linda joined the company in 2016 as the Store Manager and the Area Manager of the three corporate stores. Linda worked for Gap Inc. for 12 years at both Old Navy and Gap in various management roles. Her retail experience also includes 12 years at Mervyn’s in several management and training roles.
Amy Donnelly
Director of Inventory Management | Franchise Business Consultant
Amy Donnelly is the Director of Inventory Management for Clothes Mentor. In addition, Amy holds the position as Franchise Business Consultant for Clothes Mentor’s Southeast Region. Prior to joining Clothes Mentor in 2013, she spent 8 years in retail management with Limited Brands. Amy holds a BA degree.
Ashley Huebner
Director of Marketing
Ashley Huebner oversees Clothes Mentor’s marketing and advertising efforts to drive sales and build brand awareness. She also leads creative initiatives, driving the brand’s vision in aesthetics, tone, and trends to elevate our position as a leader in the resale category.
Ashley joined the Clothes Mentor team in March 2015. She has 10+ years of Graphic Design experience, a strong background in design and user experience, and a passion for creativity. She holds a BA degree in Advertising and Art.
Michelle Vaudrin
Senior Director of Operations
Michelle Vaudrin is the Senior Director of Operations for Clothes Mentor and Children’s Orchard. Prior to joining NTY Franchise Company in March 2016, she worked in leadership roles for Burlington, American Eagle, and Macy’s. Michelle attended the University of Wisconsin-Stout with a degree in Retail Merchandising and Business Administration. She brings extensive background in training of strategies, merchandising, customer service and multi-unit store operations to the team.
Jenny Mann
Vice President of Operations | Executive Director of IT
Jenny Mann is the Vice President of Operations for Clothes Mentor and Children’s Orchard. In January of 2020, Jenny also took on the role of Executive Director of IT, overseeing BST, our Point of Sale system, and the e-commerce platforms for both brands. Prior to this, Jenny was the Director of Marketing for NTY Franchise Company since January 2013. Jenny started with the NTY Franchise Company in 2008 with Clothes Mentor and has held many roles, including; Store Manager, New Store Opener, and Regional Operations Manager. Before joining NTY Franchise Company, Jenny worked for Old Navy (Gap, Inc.) and Target in management roles.
Jarvis Herndon
Franchise Business Consultant
Jarvis Herndon is a Franchise Business Consultant for both Clothes Mentor and Device Pitstop. Jarvis has a strong background in retail management, leadership, and a history of operational success within a franchising system. He is passionate about assisting small business owners in developing their path to success while maximizing their businesses’ potential. Jarvis brings a great mix of skills and experience to the NTY Franchise Company.
Sarah Primmer
VP of Finance & Human Resources
Sarah Primmer is the Vice President of Finance and Human Resources for NTY Franchise Company. She joined the company in January 2014. Prior to joining NTY, Sarah spent over 25 years as the controller and business manager of a local sales and marketing firm calling on Target stores.
Chad Olson
Chief Operations Officer
Chad Olson has been Chief Operations Officer of NTY Franchise Company since January 2007. From May 1994 to December 2006, he held various positions for Winmark Corporation (f/k/a Grow Biz International, Inc.), including Field Operations Manager for the Once Upon a Child concept from 1999 to 2002, and Regional Operations Manager for the Plato’s Closet concept from 2002 to 2006.
Dan Goetz
Franchise Business Consultant
Dan Goetz is the Franchise Business Consultant for Clothes Mentor in the West Region. Previous to joining the Clothes Mentor Corporate staff in February of 2014, he worked in leadership positions with Aèropostale, Old Navy, Gap, Banana Republic, and Target stores. He attended the University of Minnesota-Duluth and St. Cloud State University. He brings a strong background in Operations, Merchandising, and Human Resources to the Clothes Mentor team.
Sean Marrs
IT/Tech Administrator
IT/Tech Administrator
Ashlyn Aarness
Social Media Specialist
Social Media Specialist
Marissa Stacy
Jr. Graphic Designer
Jr. Graphic Designer
Gina Geary
Franchise Business Consultant
Franchise Business Consultant
Alice Heidenreich
Franchise Business Consultant
Franchise Business Consultant
Jessica Fix
Franchise Contract and Office Administrator
Jessica Fix is the Franchise Contracts and Office Administrator for NTY Franchise Company. She started with the company in January of 2018. Jessica works alongside the Franchise Development Team and provides office support to the headquarter office. She has 20 years in the franchise industry, previously working for Carlson Leisure Group/Travel Leaders Franchise Group in a variety of roles, such as Database Coordinator, Legal Contract Administrator, and Executive Assistant to the Franchise Sales Team.
Ronald G. Olson
President
Ron Olson has been President and a Director of NTY Franchise Company since October 2006. Ron’s background included starting his career at Dayton’s Department Store, where he held many management positions. In 1977 he opened his own furniture store in Minnesota, which was a Drexel Heritage prototype store. In 1988 he co-founded Grow Biz International, now called Winmark. The first franchise rights that Olson purchased and started marketing was Play It Again Sports. Olson continued buying the Franchise rights for Once Upon A Child, Plato’s Closet, and Music Go Round. Today there over 1,000 Franchise locations.
Under NTY Franchise Company, the franchise rights were bought for Clothes Mentor and New Uses. In 2013 Olson bought Laptop Exchange and changed the name to Device Pitstop. In 2014 the company opened NTY Clothing Exchange and NTY Kids, now Children’s Orchard. There are currently 204 stores sold and 133 stores opened under the NTY Franchise umbrella.
Michael D. Smith
Vice President of Strategic Planning
Michael D. Smith is the Vice President of Strategic Planning. From December 2000 to July 2010, Michael held the position of Chief Executive Officer and Co-Founder of the franchise company Laptop Xchange. From June 1994 to December 2000, Michael held numerous roles within the Grow Biz International brands of Play It Again Sports and Computer Renaissance. These roles included Corporate Store Management, Field Operation Specialist, and Franchisee.
