Start-Up Costs and Fees |
||
| Copper Penny | MODE | |
| Investment | 189850 - 414900 | 171000 - 999999 |
| Franchise Fee | ||
| Royalty Fee | 3%-5% | 6% |
| Advertising Fee | 1% | 1% |
| Year Founded | 1987 | 2007 |
| Year Franchised | 2013 | 2011 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Copper Penny | MODE | |
| Experience | ||
Financing Options |
||
| Copper Penny | MODE | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Copper Penny | MODE | |
| Training | On-The-Job Training: 40 hours Classroom Training: 40 hours | Our franchisees first take a three phase online course after which they spend one full week in Fargo at our Store Support Center and Flagship location. We send a team of 2 to every store for a full week before they open. Once open for six weeks, we offer a Phase VI one-on-one training program with our Founder and the franchisee. |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software | |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing | |
| Operations | Number of Employees Required to Run: 4 | |
Expansion Plans |
||
| Copper Penny | MODE | |
| 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 | |
| MODE | |
| Franchise Fee | |
| Copper Penny | |
| MODE | |
| Royalty Fee | |
| Copper Penny | 3%-5% |
| MODE | 6% |
| Advertising Fee | |
| Copper Penny | 1% |
| MODE | 1% |
| Year Founded | |
| Copper Penny | 1987 |
| MODE | 2007 |
| Year Franchised | |
| Copper Penny | 2013 |
| MODE | 2011 |
| Term Of Agreement | |
| Copper Penny | |
| MODE | |
| Renewal Fee | |
| Copper Penny | |
| MODE | |
Business Experience Requirements |
|
| Experience | |
| Copper Penny | |
| MODE | |
Financing Options |
|
| Franchise Fees | |
| Copper Penny | |
| MODE | |
| Start-up Costs | |
| Copper Penny | |
| MODE | |
| Equipment | |
| Copper Penny} | |
| MODE | |
| Inventory | |
| Copper Penny | |
| MODE | |
| Receivables | |
| Copper Penny | |
| MODE | |
| Payroll | |
| Copper Penny | |
| MODE | |
Training & Support |
|
| Training | |
| Copper Penny | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| MODE | Our franchisees first take a three phase online course after which they spend one full week in Fargo at our Store Support Center and Flagship location. We send a team of 2 to every store for a full week before they open. Once open for six weeks, we offer a Phase VI one-on-one training program with our Founder and the franchisee. |
| 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 |
| MODE | |
| Marketing | |
| Copper Penny | Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing |
| MODE | |
| Operations | |
| Copper Penny | Number of Employees Required to Run: 4 |
| MODE | |
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 |
| MODE | |
| Canada Expansion | |
| Copper Penny | |
| MODE | |
| International Expansion | |
| Copper Penny | |
| MODE | |