How long does a Coffee News franchisee have to be late on payments before potentially losing their franchise?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
The Weekly fee is more fully explained in Item 5 of the Franchise Disclosure Document.
Initial fees and payments will be due upon Franchisor's completion of all pre-opening obligation.
- 2.2 Failure to Make Payment. Unless otherwise prohibited by law, failure to make payment of either the deposit for additional or weekly fees in accordance with Schedule A for a period of sixty (60) days from the due date may result in the loss of all Franchises and termination of receipt of the Periodical by Franchisee, at the option of Franchisor.
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to Coffee News's 2025 Franchise Disclosure Document, a franchisee's failure to make payments for additional franchises or weekly fees, as outlined in Schedule A, may lead to the loss of all franchises and termination of the Periodical. This consequence is at the discretion of Coffee News.
Specifically, if a Coffee News franchisee fails to make the required payments for a period of sixty (60) days from the due date, Coffee News has the option to terminate the franchise agreement. This applies to both the deposit for additional franchises and the ongoing weekly fees.
This clause in the franchise agreement highlights the importance of maintaining timely payments. Prospective Coffee News franchisees should carefully review Schedule A to understand the payment terms and ensure they have sufficient financial resources to meet these obligations. Failure to do so could result in the loss of their franchise.