Start-Up Costs and Fees |
||
| Educational Outfitters | Copper Penny | |
| Investment | 82600 - 198150 | 189850 - 414900 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 3%-5% |
| Advertising Fee | 3% | 1% |
| Year Founded | 1998 | 1987 |
| Year Franchised | 2001 | 2013 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Educational Outfitters | Copper Penny | |
| Experience | General business experience Marketing skills | |
Financing Options |
||
| Educational Outfitters | Copper Penny | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Educational Outfitters | Copper Penny | |
| Training | On-The-Job Training: 40 hours Classroom Training: 40 hours | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | 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 slicks, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing |
| Operations | Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Number of Employees Required to Run: 4 |
Expansion Plans |
||
| Educational Outfitters | Copper Penny | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, | 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 | |
| Educational Outfitters | |
| Copper Penny | |
| Franchise Fee | |
| Educational Outfitters | |
| Copper Penny | |
| Royalty Fee | |
| Educational Outfitters | 5% |
| Copper Penny | 3%-5% |
| Advertising Fee | |
| Educational Outfitters | 3% |
| Copper Penny | 1% |
| Year Founded | |
| Educational Outfitters | 1998 |
| Copper Penny | 1987 |
| Year Franchised | |
| Educational Outfitters | 2001 |
| Copper Penny | 2013 |
| Term Of Agreement | |
| Educational Outfitters | 10 years |
| Copper Penny | |
| Renewal Fee | |
| Educational Outfitters | |
| Copper Penny | |
Business Experience Requirements |
|
| Experience | |
| Educational Outfitters | General business experience Marketing skills |
| Copper Penny | |
Financing Options |
|
| Franchise Fees | |
| Educational Outfitters | No |
| Copper Penny | No |
| Start-up Costs | |
| Educational Outfitters | |
| Copper Penny | |
| Equipment | |
| Educational Outfitters} | |
| Copper Penny | |
| Inventory | |
| Educational Outfitters | |
| Copper Penny | |
| Receivables | |
| Educational Outfitters | |
| Copper Penny | |
| Payroll | |
| Educational Outfitters | |
| Copper Penny | |
Training & Support |
|
| Training | |
| Educational Outfitters | |
| Copper Penny | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Support | |
| Educational Outfitters | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Copper Penny | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
| Marketing | |
| Educational Outfitters | Co-op advertising, Ad slicks, Regional advertising |
| Copper Penny | Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing |
| Operations | |
| Educational Outfitters | Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Copper Penny | Number of Employees Required to Run: 4 |
Expansion Plans |
|
| US Expansion | |
| Educational Outfitters | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| 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 |
| Canada Expansion | |
| Educational Outfitters | |
| Copper Penny | |
| International Expansion | |
| Educational Outfitters | |
| Copper Penny | |