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