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Below is an in-depth analysis and side-by-side comparison of The Glove Guy vs Copper Penny including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $28,995 | $189,850 - $414,900 |
Franchise Fee | N/A | $25,000 |
Royalty Fee | - | 3%-5% |
Advertising Fee | - | 1% |
Year Founded | - | 1987 |
Year Franchised | - | 2013 |
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: 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 |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
People will always need safety apparel and gear, and demand is increasing due to long-term worker safety laws and regulations newly in place. Glove Guy products are required in almost every industry, including; * Construction * Manufacturing * Maintenance * Agriculture * Food * Automotive/ Transportation and many more!
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.