- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$190K - $415K
- Units as of 2017
-
13 62.5% over 3 years
Company Overview
About Copper Penny
Industry | Retail |
---|---|
Related Categories | Apparel & Accessories |
Founded | 1987 |
Leadership | Penny Vaigneur, CEO |
Corporate Address |
280 W. Coleman Blvd., # M Mount Pleasant, SC 29464 |
Social | Facebook, Twitter |
Business Overview
Franchising Since | 2013 (11 years) |
---|---|
# of employees at HQ | 9 |
Where seeking |
This company is offering new franchises in the following US states: |
# of Units | 13 (as of 2017) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Copper Penny franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$25,000 |
---|---|
Initial Investment
|
$189,850 - $414,900 |
Royalty Fee
|
3-5% |
Ad Royalty Fee
|
1% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 40 hours |
---|---|
Classroom Training | 40 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 4 |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Copper Penny landed on this year's Franchise 500 Ranking versus previous years.
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