Whimsy vs Copper Penny Franchise Comparison

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

Start-Up Costs and Fees
  Whimsy Copper Penny
Investment 75000 - 180000 189850 - 414900
Franchise Fee
Royalty Fee 6% 3%-5%
Advertising Fee N/A 1%
Year Founded 2003 1987
Year Franchised 2008 2013
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Whimsy Copper Penny
Experience

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

Training & Support
  Whimsy Copper Penny
Training We provide you an initial training program that covers material aspects of the operation of the franchised business. The topics covered are listed in the chart below. This training is offered on an as needed basis at our headquarters in Salt Lake City, Utah, or another location we designate. You must designate a manger for the franchised business and he or she must satisfactorily complete the initial training approximately 8 weeks before the opening of the franchised business. One assistant of your choosing may also attend at your option. 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
  Whimsy 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 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
Whimsy
Copper Penny
Franchise Fee
Whimsy
Copper Penny
Royalty Fee
Whimsy 6%
Copper Penny 3%-5%
Advertising Fee
Whimsy N/A
Copper Penny 1%
Year Founded
Whimsy 2003
Copper Penny 1987
Year Franchised
Whimsy 2008
Copper Penny 2013
Term Of Agreement
Whimsy 10 years
Copper Penny
Renewal Fee
Whimsy 20% of current franchise fee
Copper Penny


Business Experience Requirements
Experience
Whimsy
Copper Penny

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

Training & Support
Training
Whimsy We provide you an initial training program that covers material aspects of the operation of the franchised business. The topics covered are listed in the chart below. This training is offered on an as needed basis at our headquarters in Salt Lake City, Utah, or another location we designate. You must designate a manger for the franchised business and he or she must satisfactorily complete the initial training approximately 8 weeks before the opening of the franchised business. One assistant of your choosing may also attend at your option.
Copper Penny On-The-Job Training: 40 hours Classroom Training: 40 hours
Support
Whimsy
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
Whimsy
Copper Penny Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing
Operations
Whimsy
Copper Penny Number of Employees Required to Run: 4

Expansion Plans
US Expansion
Whimsy 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
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
Whimsy
Copper Penny
International Expansion
Whimsy
Copper Penny