What is the non-refundable deposit required to secure exclusivity for a Coffee News franchise?
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 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, fol
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to the 2025 Coffee News Franchise Disclosure Document, a non-refundable deposit of $7,000 is required for each additional franchise granted to a franchisee under a separate licensing agreement. This deposit is to be paid in accordance with Schedule A of the agreement.
It's important to note that this deposit applies only to additional franchises purchased after the initial franchise. The FDD also states that following the end of the initial term of the agreement, a franchisee must pay a non-refundable deposit equal to the then prevailing rate for new franchisees to purchase an additional franchise.
Prospective franchisees should carefully review Schedule A of the Franchise Agreement to understand the specific payment terms and conditions related to this non-refundable deposit. Understanding these terms is crucial for managing the financial obligations associated with expanding their Coffee News business.