Start-Up Costs and Fees |
||
| Copper Penny | Hannoush Jewelers | |
| Investment | 189850 - 414900 | 291000 - 717000 |
| Franchise Fee | 0 | |
| Royalty Fee | 3%-5% | 4% |
| Advertising Fee | 1% | |
| Year Founded | 1987 | 1980 |
| Year Franchised | 2013 | 1995 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Copper Penny | Hannoush Jewelers | |
| Experience | ||
Financing Options |
||
| Copper Penny | Hannoush Jewelers | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | Yes | |
| Payroll | No | |
Training & Support |
||
| Copper Penny | Hannoush Jewelers | |
| 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, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing | Co-op advertising |
| Operations | Number of Employees Required to Run: 4 | 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) |
Expansion Plans |
||
| Copper Penny | Hannoush Jewelers | |
| 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, 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, |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Copper Penny | |
| Hannoush Jewelers | |
| Franchise Fee | |
| Copper Penny | |
| Hannoush Jewelers | |
| Royalty Fee | |
| Copper Penny | 3%-5% |
| Hannoush Jewelers | 4% |
| Advertising Fee | |
| Copper Penny | 1% |
| Hannoush Jewelers | |
| Year Founded | |
| Copper Penny | 1987 |
| Hannoush Jewelers | 1980 |
| Year Franchised | |
| Copper Penny | 2013 |
| Hannoush Jewelers | 1995 |
| Term Of Agreement | |
| Copper Penny | |
| Hannoush Jewelers | 10 years |
| Renewal Fee | |
| Copper Penny | |
| Hannoush Jewelers | |
Business Experience Requirements |
|
| Experience | |
| Copper Penny | |
| Hannoush Jewelers | |
Financing Options |
|
| Franchise Fees | |
| Copper Penny | |
| Hannoush Jewelers | |
| Start-up Costs | |
| Copper Penny | |
| Hannoush Jewelers | |
| Equipment | |
| Copper Penny} | |
| Hannoush Jewelers | |
| Inventory | |
| Copper Penny | |
| Hannoush Jewelers | |
| Receivables | |
| Copper Penny | |
| Hannoush Jewelers | |
| Payroll | |
| Copper Penny | |
| Hannoush Jewelers | |
Training & Support |
|
| Training | |
| Copper Penny | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Hannoush Jewelers | |
| 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 |
| Hannoush Jewelers | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Copper Penny | Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing |
| Hannoush Jewelers | Co-op advertising |
| Operations | |
| Copper Penny | Number of Employees Required to Run: 4 |
| 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) |
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 |
| 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, |
| Canada Expansion | |
| Copper Penny | |
| Hannoush Jewelers | |
| International Expansion | |
| Copper Penny | |
| Hannoush Jewelers | |