Start-Up Costs and Fees |
||
| Copper Penny | Gent's Formal Wear | |
| Investment | 189850 - 414900 | 75000 - 95000 |
| Franchise Fee | ||
| Royalty Fee | 3%-5% | 6% |
| Advertising Fee | 1% | |
| Year Founded | 1987 | 1981 |
| Year Franchised | 2013 | 1995 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Copper Penny | Gent's Formal Wear | |
| Experience | ||
Financing Options |
||
| Copper Penny | Gent's Formal Wear | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Copper Penny | Gent's Formal Wear | |
| Training | On-The-Job Training: 40 hours Classroom Training: 40 hours | 2 Weeks at Office/1 Week On-Site |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software | # Store Set-up # Operations Manual # Marketing/Advertising Guide # Lease Negotiations & Site Selection Assistance # Exclusive Territory # Company Wholesale Program # IFA Convention Member # Operational Support |
| 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 | Gent's Formal Wear | |
| 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 | |
| Gent's Formal Wear | |
| Franchise Fee | |
| Copper Penny | |
| Gent's Formal Wear | |
| Royalty Fee | |
| Copper Penny | 3%-5% |
| Gent's Formal Wear | 6% |
| Advertising Fee | |
| Copper Penny | 1% |
| Gent's Formal Wear | |
| Year Founded | |
| Copper Penny | 1987 |
| Gent's Formal Wear | 1981 |
| Year Franchised | |
| Copper Penny | 2013 |
| Gent's Formal Wear | 1995 |
| Term Of Agreement | |
| Copper Penny | |
| Gent's Formal Wear | 5 years |
| Renewal Fee | |
| Copper Penny | |
| Gent's Formal Wear | |
Business Experience Requirements |
|
| Experience | |
| Copper Penny | |
| Gent's Formal Wear | |
Financing Options |
|
| Franchise Fees | |
| Copper Penny | |
| Gent's Formal Wear | |
| Start-up Costs | |
| Copper Penny | |
| Gent's Formal Wear | |
| Equipment | |
| Copper Penny} | |
| Gent's Formal Wear | |
| Inventory | |
| Copper Penny | |
| Gent's Formal Wear | |
| Receivables | |
| Copper Penny | |
| Gent's Formal Wear | |
| Payroll | |
| Copper Penny | |
| Gent's Formal Wear | |
Training & Support |
|
| Training | |
| Copper Penny | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Gent's Formal Wear | 2 Weeks at Office/1 Week On-Site |
| 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 |
| Gent's Formal Wear | # Store Set-up # Operations Manual # Marketing/Advertising Guide # Lease Negotiations & Site Selection Assistance # Exclusive Territory # Company Wholesale Program # IFA Convention Member # Operational Support |
| Marketing | |
| Copper Penny | Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing |
| Gent's Formal Wear | |
| Operations | |
| Copper Penny | Number of Employees Required to Run: 4 |
| Gent's Formal Wear | |
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 |
| Gent's Formal Wear | |
| Canada Expansion | |
| Copper Penny | |
| Gent's Formal Wear | |
| International Expansion | |
| Copper Penny | |
| Gent's Formal Wear | |