Start-Up Costs and Fees |
||
| Hannoush Jewelers | Copper Penny | |
| Investment | 291000 - 717000 | 189850 - 414900 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 3%-5% |
| Advertising Fee | 1% | |
| Year Founded | 1980 | 1987 |
| Year Franchised | 1995 | 2013 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Hannoush Jewelers | Copper Penny | |
| Experience | ||
Financing Options |
||
| Hannoush Jewelers | Copper Penny | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | Yes | |
| Payroll | No | |
Training & Support |
||
| Hannoush Jewelers | Copper Penny | |
| Training | On-The-Job Training: 40 hours Classroom Training: 40 hours | |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | 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 | Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | Number of Employees Required to Run: 4 |
Expansion Plans |
||
| Hannoush Jewelers | Copper Penny | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, 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 | |
| Hannoush Jewelers | |
| Copper Penny | |
| Franchise Fee | |
| Hannoush Jewelers | |
| Copper Penny | |
| Royalty Fee | |
| Hannoush Jewelers | 4% |
| Copper Penny | 3%-5% |
| Advertising Fee | |
| Hannoush Jewelers | |
| Copper Penny | 1% |
| Year Founded | |
| Hannoush Jewelers | 1980 |
| Copper Penny | 1987 |
| Year Franchised | |
| Hannoush Jewelers | 1995 |
| Copper Penny | 2013 |
| Term Of Agreement | |
| Hannoush Jewelers | 10 years |
| Copper Penny | |
| Renewal Fee | |
| Hannoush Jewelers | |
| Copper Penny | |
Business Experience Requirements |
|
| Experience | |
| Hannoush Jewelers | |
| Copper Penny | |
Financing Options |
|
| Franchise Fees | |
| Hannoush Jewelers | No |
| Copper Penny | No |
| Start-up Costs | |
| Hannoush Jewelers | |
| Copper Penny | |
| Equipment | |
| Hannoush Jewelers} | |
| Copper Penny | |
| Inventory | |
| Hannoush Jewelers | |
| Copper Penny | |
| Receivables | |
| Hannoush Jewelers | |
| Copper Penny | |
| Payroll | |
| Hannoush Jewelers | |
| Copper Penny | |
Training & Support |
|
| Training | |
| Hannoush Jewelers | |
| Copper Penny | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Support | |
| Hannoush Jewelers | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| 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 | |
| Hannoush Jewelers | Co-op advertising |
| Copper Penny | Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing |
| Operations | |
| Hannoush Jewelers | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
| Copper Penny | Number of Employees Required to Run: 4 |
Expansion Plans |
|
| US Expansion | |
| Hannoush Jewelers | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, 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 | |
| Hannoush Jewelers | |
| Copper Penny | |
| International Expansion | |
| Hannoush Jewelers | |
| Copper Penny | |