Copper Penny
Women's clothing and footwear- 2023 Franchise 500 Rank
-
N/RNot 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
Business Overview
- Franchising Since
- 2013(10 years)
- # of employees at HQ
- 9
- Where seeking
-
This company is offering new franchisees 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-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary Software
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaEmail 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
Interested in ownership opportunities like Copper Penny? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Copper Penny landed on this year’s Franchise 500 Ranking versus previous years.
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