What deposit is required for an additional Coffee News franchise following the end of the initial term?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
- (c) Renewal Terms. The Franchisee hereby agrees that upon renewal, the Franchisee shall comply with the then current Coffee News Franchise Agreement, except that there shall be no additional deposit from the Franchisee. Franchisor shall furnish the Franchisee with a copy of Franchisor's then current Franchise Agreement (and related agreements), which Agreement the Franchisee must execute no later than 3 months prior to the expiration of this Agreement.
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to Coffee News's 2025 Franchise Disclosure Document, a franchisee renewing their agreement for subsequent four-year periods will not be required to pay an additional deposit. To qualify for renewal, the franchisee must have fulfilled all obligations to the satisfaction of Coffee News, and the existing agreement must be in full force without any breaches at the end of its term.
To renew, the franchisee must agree to comply with the then-current Coffee News Franchise Agreement. Coffee News will provide the franchisee with a copy of the updated agreement, which the franchisee must execute at least 3 months before the expiration of the current agreement.
Furthermore, the franchisee must provide written notice to Coffee News of their intent to renew at least six months before the end of the current term or any renewal term. This ensures that Coffee News can plan accordingly and continue to support the franchisee's operations without interruption.