When is the deposit payment due for a Coffee News franchise?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
must be made in the following manner:
- $ 500.00 is to be paid before draft of the Franchise agreement
- $ 9,400.00 is to be paid upon signing of the Franchise agreement
- $ 9,900.00 TOTAL
All initial fees and payments owed by franchisees shall be due in full upon our completion of all pre-opening obligations under the franchise agreement.
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to the 2025 Coffee News Franchise Disclosure Document, initial fees and payments are due in full upon Coffee News's completion of all pre-opening obligations under the franchise agreement. For additional franchises granted under a separate licensing agreement, a non-refundable deposit of $7,000.00 is to be paid in accordance with Schedule A.
If a Coffee News franchisee fails to make payment of either the deposit for additional franchises or weekly fees per Schedule A for 60 days from the due date, Coffee News has the option to terminate all franchises and stop providing the Periodical.
It is important for prospective Coffee News franchisees to carefully review Schedule A of the Franchise Agreement to fully understand the payment schedule for both the initial franchise fee and any additional franchise deposits. Understanding these payment terms and the potential consequences of late payments is crucial for maintaining a good standing with the franchisor.