2023 Franchise 500 Rank
N/RNot ranked last year
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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(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
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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
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Franchise 500 Ranking History

Compare where Copper Penny landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company’s legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022