Where can I find the specific details regarding the deposit and weekly fees for a Coffee News franchise?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
e needs to pay for additional $1,000.00 to us to obtain such extension and hold Franchisee's area for such one or more months before Franchisee pays the full amount due under the Agreement.
- 2.1.4 Weekly Fees. For the first Franchise granted to Franchisee, weekly payments of:
- 2.1.4.1 for hardcopy Periodical, $80 per week beginning upon the conclusion of the Initial Period. In the case of multiple franchises granted to Franchisee under separate licensing agreements, weekly payments of $25 per week for each additional franchise purchased, to be charged for each week beginning after the first nine (9) months of Franchisee's operation in accordance with Schedule A.
- 2.1.4.2 for Coffee News Online Basic Service (as later identify and defined in Paragraph 4.5.1), $25.00 (USD) per week.
- 2.1.4.3 for Coffee News Online Premium Service (as later identified and defined in Paragraph 4.5.2), $50.00 (USD) per week.
- 2.1.4.4 prices for all other countries in addition to the U.S. and Canada shall be based on USD conversion to the respectful local currencies.
- 2.1.5 Additional Franchises. For any additional franchises granted to Franchisee under a separate licensing agreement, a non-refundable deposit of $7,000.00 to be paid in accordance with Schedule A. However, following the end of the initial term of this Agreement, Franchisee shall pay a non-refundable deposit equal to the then prevailing rate for new franchisees to purchase an additional franchise.
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to the 2025 Coffee News Franchise Disclosure Document, Item 23 outlines the receipts, deposits, and weekly fees associated with the franchise. For an additional franchise, a franchisee must pay a non-refundable deposit of $7,000, as detailed in Schedule A. The weekly fees for the first franchise are $80 per week for the hardcopy periodical, starting after the initial period. For additional franchises, the weekly fee is $25 per week, beginning after the first nine months of operation, as specified in Schedule A.
Coffee News also offers online services with different weekly fees. The Coffee News Online Basic Service has a weekly fee of $25, while the Premium Service costs $50 per week. These fees are in USD, and prices for countries outside the U.S. and Canada are based on USD conversion to local currencies. A one-time enrollment fee to participate in Coffee News Online is $100 for Chil Consulting and $75 for Shadowfox Design, payable upon enrollment.
Failure to make payments for either the deposit or weekly fees within 60 days of the due date, as per Schedule A, may result in the loss of all franchises and termination of the periodical supply, at Coffee News's discretion. It is important to note that the weekly fee structure is designed to provide franchisees with ample time to establish their operations before reaching maximum licensing fees. The FDD also mentions that Item 5 contains further details regarding the weekly fees.