If eligible for full funding, am I required to attend Coffee News College?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
For those with excellent credit, as evidenced by a credit report from Equifax, Experian or Transunion or similar credit rating agencies in other countries, and with verifiable extensive advertising or similar sales experience including entrepreneurial management experience of at least 2 years, you may be eligible for full funding for the purchase of a minimum of four or more franchises, subject to the initial payment of the training fee as more fully explained in Item 11. You will be required to attend the next Coffee News College at the time of purchase, and you will be required to use the printing services of Coffee News Printing, Inc. during the term of the loan. The interest rate will be 5% simple interest with weekly payments for principal and interest for up to 48 months and the weekly fees beginning at the start of the fourth month under the agreement by credit or debit card or electronic funds transfer in accordance with Item 6, (Other Fees).
Source: Item 10 — Financing (FDD pages 16–17)
What This Means (2025 FDD)
According to the 2025 Coffee News FDD, if you are eligible for full funding to purchase a minimum of four Coffee News franchises, you are required to attend the next Coffee News College. To be eligible for full funding, you must have excellent credit, as evidenced by a credit report from Equifax, Experian, or Transunion (or similar credit rating agencies in other countries), and verifiable extensive advertising or similar sales experience, including entrepreneurial management experience of at least 2 years.
In addition to attending Coffee News College, you will also be required to use the printing services of Coffee News Printing, Inc. during the term of the loan. The interest rate for the loan will be 5% simple interest with weekly payments for principal and interest for up to 48 months. These weekly fees will begin at the start of the fourth month under the agreement and will be paid by credit or debit card or electronic funds transfer.
This mandatory attendance at Coffee News College and the requirement to use Coffee News Printing, Inc. are conditions tied to receiving full funding from Coffee News. A prospective franchisee should consider these requirements when evaluating the financing option and factor in the costs and logistics of attending the training and using the specified printing services.