Start-Up Costs and Fees |
||
| Copper Penny | Shoes-n-Feet | |
| Investment | 189850 - 414900 | 185800 - 313000 |
| Franchise Fee | ||
| Royalty Fee | 3%-5% | 5% |
| Advertising Fee | 1% | |
| Year Founded | 1987 | 1998 |
| Year Franchised | 2013 | 2002 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Copper Penny | Shoes-n-Feet | |
| Experience | ||
Financing Options |
||
| Copper Penny | Shoes-n-Feet | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Copper Penny | Shoes-n-Feet | |
| Training | On-The-Job Training: 40 hours Classroom Training: 40 hours | Available at franchisee's location |
| 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, Security/safety procedures, 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 | 66% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 3 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
Expansion Plans |
||
| Copper Penny | Shoes-n-Feet | |
| 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 | Arizona, California, Colorado, Illinois, Indiana, Ohio, Washington, |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Copper Penny | |
| Shoes-n-Feet | |
| Franchise Fee | |
| Copper Penny | |
| Shoes-n-Feet | |
| Royalty Fee | |
| Copper Penny | 3%-5% |
| Shoes-n-Feet | 5% |
| Advertising Fee | |
| Copper Penny | 1% |
| Shoes-n-Feet | |
| Year Founded | |
| Copper Penny | 1987 |
| Shoes-n-Feet | 1998 |
| Year Franchised | |
| Copper Penny | 2013 |
| Shoes-n-Feet | 2002 |
| Term Of Agreement | |
| Copper Penny | |
| Shoes-n-Feet | 10 years |
| Renewal Fee | |
| Copper Penny | |
| Shoes-n-Feet | $5K |
Business Experience Requirements |
|
| Experience | |
| Copper Penny | |
| Shoes-n-Feet | |
Financing Options |
|
| Franchise Fees | |
| Copper Penny | |
| Shoes-n-Feet | |
| Start-up Costs | |
| Copper Penny | |
| Shoes-n-Feet | |
| Equipment | |
| Copper Penny} | |
| Shoes-n-Feet | |
| Inventory | |
| Copper Penny | |
| Shoes-n-Feet | |
| Receivables | |
| Copper Penny | |
| Shoes-n-Feet | |
| Payroll | |
| Copper Penny | |
| Shoes-n-Feet | |
Training & Support |
|
| Training | |
| Copper Penny | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Shoes-n-Feet | Available at franchisee's location |
| 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 |
| Shoes-n-Feet | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Copper Penny | Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing |
| Shoes-n-Feet | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Copper Penny | Number of Employees Required to Run: 4 |
| Shoes-n-Feet | 66% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 3 Absentee ownership of franchise is allowed. (80% 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 |
| Shoes-n-Feet | Arizona, California, Colorado, Illinois, Indiana, Ohio, Washington, |
| Canada Expansion | |
| Copper Penny | |
| Shoes-n-Feet | 0 |
| International Expansion | |
| Copper Penny | |
| Shoes-n-Feet | |