What is the minimum number of Coffee News franchises that must be purchased to be eligible for full funding?
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 Franchise Disclosure Document, a prospective franchisee must purchase a minimum of four franchises to be eligible for full funding. This funding is contingent upon having excellent credit, as evidenced by a credit report from Equifax, Experian, or Transunion (or similar agencies in other countries), and verifiable extensive advertising or similar sales experience, including at least two years of entrepreneurial management experience.
To qualify for this financing, the franchisee must also make an initial payment of the training fee, as detailed in Item 11 of the FDD, and attend the next Coffee News College at the time of purchase. Additionally, the franchisee is required to use the printing services of Coffee News Printing, Inc. during the term of the loan.
The interest rate for this financing is set at 5% simple interest, with weekly payments for principal and interest for up to 48 months. These weekly fees will commence at the start of the fourth month under the agreement and will be paid via credit or debit card or electronic funds transfer, as outlined in Item 6 (Other Fees).