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 Franchise
Copper Penny Franchise
Investment $75,000 - $180,000$189,850 - $414,900
Franchise Fee $25,000$25,000
Royalty Fee 6%3%-5%
Advertising Fee N/A1%
Year Founded 20031987
Year Franchised 20082013
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 20% of current franchise fee-


Business Experience Requirements

 
Whimsy Franchise
Copper Penny Franchise
Experience --

Financing Options

 
Whimsy Franchise
Copper Penny Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Whimsy Franchise
Copper Penny Franchise
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 Franchise
Copper Penny Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

About Whimsy

There are two establishment openings with Whimsy:

Block and Cement ~ Open up your own particular area and we'll give the foundation to you to flourish. Marking, mailing records, stock and years of experience give all that you have to succeed.

Eccentricity on Wheels ~ Take Park City's best boutique out and about. The Whimsy trailer is anything but difficult to take wherever the general population are social event. Exploit the group at jubilees and occasions with less venture than a customer facing facade.

Whimsy Clothing has 5 Locations and represents considerable authority in FUN, AFFORDABLE shopping. We have extraordinary skirts, dresses, adornments, shoes, pants and nuts and bolts to offer a total shopping knowledge. We have in vogue and contemporary dress to fit both the working lady and additionally the housewife or the understudy on a financial plan. We comprehend that all ladies want to look great and can rest easy. Having a store that spotlights on holding costs down and looks sharp and current is imperative to Whimsy. We realize that ladies need to feel great in what they purchase and also liking the cost. Eccentricity backings and conveys numerous neighborhood specialists and originators and it consistently finding new sellers to keep our stock new and new. Come see what everybody is discussing!!
 Average cost of inventory to open $45,000.00 Hardware cost for racks/cash wrap $10,000
At this point we are opening for under $85,000 and can have a store turn-key within 4weeks

About Copper Penny

Copper Penny is always looking for key individuals interested in growing with the Copper Penny family. We offer a low-cost business model for someone with the passion and drive to proudly represent the Copper Penny name. If you are interested in discussing the possibility of franchising Copper Penny or Copper Penny Shooz, please contact us.