Start-Up Costs and Fees |
||
| Copper Penny | Educational Outfitters | |
| Investment | 189850 - 414900 | 82600 - 198150 |
| Franchise Fee | 0 | |
| Royalty Fee | 3%-5% | 5% |
| Advertising Fee | 1% | 3% |
| Year Founded | 1987 | 1998 |
| Year Franchised | 2013 | 2001 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Copper Penny | Educational Outfitters | |
| Experience | General business experience Marketing skills | |
Financing Options |
||
| Copper Penny | Educational Outfitters | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Copper Penny | Educational Outfitters | |
| Training | On-The-Job Training: 40 hours Classroom Training: 40 hours | |
| 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, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing | Co-op advertising, Ad slicks, Regional advertising |
| Operations | Number of Employees Required to Run: 4 | Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Copper Penny | Educational Outfitters | |
| 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 | 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, |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Copper Penny | |
| Educational Outfitters | |
| Franchise Fee | |
| Copper Penny | |
| Educational Outfitters | |
| Royalty Fee | |
| Copper Penny | 3%-5% |
| Educational Outfitters | 5% |
| Advertising Fee | |
| Copper Penny | 1% |
| Educational Outfitters | 3% |
| Year Founded | |
| Copper Penny | 1987 |
| Educational Outfitters | 1998 |
| Year Franchised | |
| Copper Penny | 2013 |
| Educational Outfitters | 2001 |
| Term Of Agreement | |
| Copper Penny | |
| Educational Outfitters | 10 years |
| Renewal Fee | |
| Copper Penny | |
| Educational Outfitters | |
Business Experience Requirements |
|
| Experience | |
| Copper Penny | |
| Educational Outfitters | General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Copper Penny | |
| Educational Outfitters | |
| Start-up Costs | |
| Copper Penny | |
| Educational Outfitters | |
| Equipment | |
| Copper Penny} | |
| Educational Outfitters | |
| Inventory | |
| Copper Penny | |
| Educational Outfitters | |
| Receivables | |
| Copper Penny | |
| Educational Outfitters | |
| Payroll | |
| Copper Penny | |
| Educational Outfitters | |
Training & Support |
|
| Training | |
| Copper Penny | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Educational Outfitters | |
| 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 |
| Educational Outfitters | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Copper Penny | Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing |
| Educational Outfitters | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Copper Penny | Number of Employees Required to Run: 4 |
| 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) |
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 |
| 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, |
| Canada Expansion | |
| Copper Penny | |
| Educational Outfitters | |
| International Expansion | |
| Copper Penny | |
| Educational Outfitters | |