Start-Up Costs and Fees |
||
| Copper Penny | Foot Solutions | |
| Investment | 189850 - 414900 | 69500 - 242000 |
| Franchise Fee | 0 | |
| Royalty Fee | 3%-5% | 5% |
| Advertising Fee | 1% | |
| Year Founded | 1987 | 2000 |
| Year Franchised | 2013 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Copper Penny | Foot Solutions | |
| Experience | General business experience | |
Financing Options |
||
| Copper Penny | Foot Solutions | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Copper Penny | Foot Solutions | |
| Training | On-The-Job Training: 40 hours Classroom Training: 40 hours | Classroom and hands-on training |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | Number of Employees Required to Run: 4 | International franchisees required to buy multiple units/master licenses; 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
Expansion Plans |
||
| Copper Penny | Foot Solutions | |
| 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Copper Penny | |
| Foot Solutions | |
| Franchise Fee | |
| Copper Penny | |
| Foot Solutions | |
| Royalty Fee | |
| Copper Penny | 3%-5% |
| Foot Solutions | 5% |
| Advertising Fee | |
| Copper Penny | 1% |
| Foot Solutions | |
| Year Founded | |
| Copper Penny | 1987 |
| Foot Solutions | 2000 |
| Year Franchised | |
| Copper Penny | 2013 |
| Foot Solutions | 2000 |
| Term Of Agreement | |
| Copper Penny | |
| Foot Solutions | 20 years |
| Renewal Fee | |
| Copper Penny | |
| Foot Solutions | |
Business Experience Requirements |
|
| Experience | |
| Copper Penny | |
| Foot Solutions | General business experience |
Financing Options |
|
| Franchise Fees | |
| Copper Penny | |
| Foot Solutions | |
| Start-up Costs | |
| Copper Penny | |
| Foot Solutions | |
| Equipment | |
| Copper Penny} | |
| Foot Solutions | |
| Inventory | |
| Copper Penny | |
| Foot Solutions | |
| Receivables | |
| Copper Penny | |
| Foot Solutions | |
| Payroll | |
| Copper Penny | |
| Foot Solutions | |
Training & Support |
|
| Training | |
| Copper Penny | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Foot Solutions | Classroom and hands-on training |
| Support | |
| Copper Penny | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
| Foot Solutions | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Copper Penny | Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing |
| Foot Solutions | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Copper Penny | Number of Employees Required to Run: 4 |
| Foot Solutions | International franchisees required to buy multiple units/master licenses; 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Copper Penny | 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 |
| Foot Solutions | |
| Canada Expansion | |
| Copper Penny | |
| Foot Solutions | |
| International Expansion | |
| Copper Penny | |
| Foot Solutions | |