When is the fee for additional Coffee News franchises due?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Weekly - Initial Franchise for hardcopy Periodical (See note 1) | $80 | fee begins on the first day of the third month following the month the initial franchise agreement was signed ("the fourth month of the agreement") and continues monthly | paid to us by credit / debit cards, check, or by PayPal |
| Name of Fee Weekly - Additional Franchises for hardcopy Periodical | Amount $25 / additional franchise | Due Date the fee on the first 5 additional franchises is due to us on the first day of the tenth month following the month the initial franchise agreement was signed (i.e., the | Remarks paid to us by credit / debit cards, check, or by PayPal |
| (agreed to upon signing the initial franchise agreement) | tenth month of the agreement) and every 6 months thereafter for each additional group of 5 or less franchises. | ||
| Initial - Additional Franchises (agreed to after signing the initial franchise agreement) | $7,000.00/ additional franchises | the fee on the additional franchises is due at the signing of the agr |
Source: Item 5 — Initial Fees (FDD page 10)
What This Means (2025 FDD)
According to the 2025 Coffee News Franchise Disclosure Document, the timing of fees for additional franchises depends on when the agreement is made. If the agreement for additional franchises is made when the initial franchise agreement is signed, the fee of $7,000 per additional franchise is due at the time of signing. However, if the agreement for additional franchises is made after the initial franchise agreement, the $7,000 fee is due at the signing of the additional franchise agreement.
Additionally, Coffee News charges a weekly fee for additional franchises. For the first five additional franchises, a fee of $25 per additional franchise is due on the first day of the tenth month following the month the initial franchise agreement was signed. This payment schedule continues every six months thereafter for each additional group of five or fewer franchises.
Prospective Coffee News franchisees should note the distinction between the initial fee for additional franchises and the ongoing weekly fees. The initial fee is a one-time payment due upon signing the agreement for the additional franchise, while the weekly fee is an ongoing expense. Understanding these payment terms is crucial for managing the financial obligations of operating multiple Coffee News franchises.