Start-Up Costs and Fees |
||
| Foot Solutions | Copper Penny | |
| Investment | 69500 - 242000 | 189850 - 414900 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 3%-5% |
| Advertising Fee | 1% | |
| Year Founded | 2000 | 1987 |
| Year Franchised | 2000 | 2013 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Foot Solutions | Copper Penny | |
| Experience | General business experience | |
Financing Options |
||
| Foot Solutions | Copper Penny | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Foot Solutions | Copper Penny | |
| Training | Classroom and hands-on training | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | 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, Ad slicks, National media, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing |
| Operations | International franchisees required to buy multiple units/master licenses; 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | Number of Employees Required to Run: 4 |
Expansion Plans |
||
| Foot Solutions | Copper Penny | |
| 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 | |
| Foot Solutions | |
| Copper Penny | |
| Franchise Fee | |
| Foot Solutions | |
| Copper Penny | |
| Royalty Fee | |
| Foot Solutions | 5% |
| Copper Penny | 3%-5% |
| Advertising Fee | |
| Foot Solutions | |
| Copper Penny | 1% |
| Year Founded | |
| Foot Solutions | 2000 |
| Copper Penny | 1987 |
| Year Franchised | |
| Foot Solutions | 2000 |
| Copper Penny | 2013 |
| Term Of Agreement | |
| Foot Solutions | 20 years |
| Copper Penny | |
| Renewal Fee | |
| Foot Solutions | |
| Copper Penny | |
Business Experience Requirements |
|
| Experience | |
| Foot Solutions | General business experience |
| Copper Penny | |
Financing Options |
|
| Franchise Fees | |
| Foot Solutions | No |
| Copper Penny | No |
| Start-up Costs | |
| Foot Solutions | |
| Copper Penny | |
| Equipment | |
| Foot Solutions} | |
| Copper Penny | |
| Inventory | |
| Foot Solutions | |
| Copper Penny | |
| Receivables | |
| Foot Solutions | |
| Copper Penny | |
| Payroll | |
| Foot Solutions | |
| Copper Penny | |
Training & Support |
|
| Training | |
| Foot Solutions | Classroom and hands-on training |
| Copper Penny | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Support | |
| Foot Solutions | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| 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 | |
| Foot Solutions | Co-op advertising, Ad slicks, National media, Regional advertising |
| Copper Penny | Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing |
| Operations | |
| Foot Solutions | International franchisees required to buy multiple units/master licenses; 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
| Copper Penny | Number of Employees Required to Run: 4 |
Expansion Plans |
|
| US Expansion | |
| Foot Solutions | |
| 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 | |
| Foot Solutions | |
| Copper Penny | |
| International Expansion | |
| Foot Solutions | |
| Copper Penny | |