When is the fee due for the first 5 additional Coffee News hardcopy franchises?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
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ITEM 6
OTHER FEES
| 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 init |
Source: Item 6 — Other Fees (FDD pages 10–12)
What This Means (2025 FDD)
According to Coffee News's 2025 Franchise Disclosure Document, the fee for the first five additional hardcopy franchises is due on the first day of the tenth month following the month the initial franchise agreement was signed. Coffee News refers to this as the "tenth month of the agreement." After this initial payment, subsequent fees for each additional group of five or fewer franchises are due every six months. These fees can be paid via credit or debit card, check, or PayPal. The amount due for these additional franchises is $25 per franchise.
For a prospective Coffee News franchisee, this means that if you purchase additional franchises, you will have a period of time before the weekly fees for those franchises begin. This provides an opportunity to establish those franchises before incurring additional costs. The staggered payment schedule may help with cash flow management during the initial ramp-up period.
It's important to note that the franchisor, Coffee News, reserves the right to adjust the weekly fees based on the annual change in the consumer price index in March of each year. This could impact the overall cost of operating additional franchises over time. Franchisees should factor in potential fee increases when projecting their financial performance. Also, the fees are non-refundable and uniformly applied.