MODE vs Copper Penny Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of MODE vs Copper Penny including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  MODE Copper Penny
Investment 171000 - 999999 189850 - 414900
Franchise Fee
Royalty Fee 6% 3%-5%
Advertising Fee 1% 1%
Year Founded 2007 1987
Year Franchised 2011 2013
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  MODE Copper Penny
Experience

Financing Options
  MODE Copper Penny
 
Franchise Fees
Start-up Costs
Equipment
Inventory
Receivables
Payroll

Training & Support
  MODE Copper Penny
Training Our franchisees first take a three phase online course after which they spend one full week in Fargo at our Store Support Center and Flagship location. We send a team of 2 to every store for a full week before they open. Once open for six weeks, we offer a Phase VI one-on-one training program with our Founder and the franchisee. 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
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing
Operations Number of Employees Required to Run: 4

Expansion Plans
  MODE 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
MODE
Copper Penny
Franchise Fee
MODE
Copper Penny
Royalty Fee
MODE 6%
Copper Penny 3%-5%
Advertising Fee
MODE 1%
Copper Penny 1%
Year Founded
MODE 2007
Copper Penny 1987
Year Franchised
MODE 2011
Copper Penny 2013
Term Of Agreement
MODE
Copper Penny
Renewal Fee
MODE
Copper Penny


Business Experience Requirements
Experience
MODE
Copper Penny

Financing Options
 
Franchise Fees
MODE
Copper Penny
Start-up Costs
MODE
Copper Penny
Equipment
MODE}
Copper Penny
Inventory
MODE
Copper Penny
Receivables
MODE
Copper Penny
Payroll
MODE
Copper Penny

Training & Support
Training
MODE Our franchisees first take a three phase online course after which they spend one full week in Fargo at our Store Support Center and Flagship location. We send a team of 2 to every store for a full week before they open. Once open for six weeks, we offer a Phase VI one-on-one training program with our Founder and the franchisee.
Copper Penny On-The-Job Training: 40 hours Classroom Training: 40 hours
Support
MODE
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
MODE
Copper Penny Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing
Operations
MODE
Copper Penny Number of Employees Required to Run: 4

Expansion Plans
US Expansion
MODE
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
MODE
Copper Penny
International Expansion
MODE
Copper Penny