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Below is an in-depth analysis and side-by-side comparison of Pinch A Penny vs FamilyIQ including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $289,375 - $411,200 | $179 - $1,495 |
Franchise Fee | $50,000 | $179 - $1,495 |
Royalty Fee | 6% | 0 |
Advertising Fee | 4% | 0 |
Year Founded | 1975 | 2001 |
Year Franchised | 1976 | 2001 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | On-The-Job Training: 70 hours Classroom Training: 100 hours | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | Yes |
International Expansion | - | - |
FamilyIQ began twenty years ago by offering state-of-the-art family skill building tools to treatment programs and therapists who wanted to improve family relationships. Over the last 2 decades, FamilyIQ has provided its content, tools and technology available to not only the therapeutic community, but also to large employers and wellness programs who likewise are dedicated to improving families. Today, after thousands have requested it our unique and proprietary content is now available directly to the public… to you. The FamilyIQ system consists of proprietary tools and technology that empowers parents and families to make dramatic and rewarding improvements while having fun together. We get our name from our nationally acclaimed assessment known as the FamilyIQ Test. This assessment measures nine key components of family functioning and provides you with a customized step-by-step plan to learn and build skills that will strengthen your family. Some of our tools are online courses, tests, articles, activity sheets, audio lectures, seminars, workshops, and the list goes on. We like to say, "It’s the manual for raising a family that you never received!”