What is the non-refundable deposit required for additional Coffee News franchises granted under a separate licensing agreement?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
(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 Additi
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to Coffee News' 2025 Franchise Disclosure Document, if a franchisee is granted additional franchises under separate licensing agreements, they must pay a non-refundable deposit of $7,000.00 for each additional franchise. This deposit is to be paid in accordance with Schedule A of the franchise agreement.
This non-refundable deposit means that the franchisee will not receive this money back, regardless of whether they proceed with the additional franchise or not. This is a common practice in franchising, as it compensates the franchisor for their time and expenses in evaluating the franchisee's application and preparing the necessary documentation for the additional franchise.
Prospective franchisees should carefully consider their financial situation and business plans before committing to additional Coffee News franchises, as they will forfeit the $7,000.00 deposit if they decide not to proceed. It is important to review Schedule A of the franchise agreement to understand the specific payment terms and conditions related to this deposit.