As of October 1, 2019, how many company-owned Coffee News franchises did the franchisor have?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
On July 3, 1995, we acquired and operated 4 franchises in the Greater Bangor, Maine area until October 1, 2003 when they were sold. On August 1, 2012, we reacquired the 4 franchises in the Greater Bangor Area in Maine and have added a 5th franchise for Waldo County, Maine. On June 1, 2017, we assumed control of five (5) franchises in Maine due to the sudden death of the franchisee. On October 1, 2019 the four (4) franchises in the Greater Bangor area in Maine, along with the one (1) Waldo County, Maine edition were sold bringing our company owned franchises to three (3). Since February 5, 1996, we have offered franchises for sale as a sub franchisor in the USA, Central America, and the Caribbean.
Source: Item 1 — The Franchisor and any Parents, Predecessors, and Affiliates (FDD pages 7–9)
What This Means (2025 FDD)
According to the 2025 Coffee News Franchise Disclosure Document, Coffee News had three company-owned franchises as of October 1, 2019. The document details the company's history of acquiring and selling franchises in the Greater Bangor, Maine area and Waldo County, Maine.
Specifically, Coffee News acquired and operated four franchises in the Greater Bangor area starting July 3, 1995, until they were sold on October 1, 2003. The company reacquired these four franchises on August 1, 2012, and added a fifth franchise for Waldo County, Maine. On June 1, 2017, Coffee News assumed control of five franchises in Maine due to the franchisee's death.
However, on October 1, 2019, Coffee News sold the four franchises in the Greater Bangor area and the one in Waldo County, Maine. This sale reduced the number of company-owned franchises to three. This information is relevant for prospective franchisees as it provides insight into the company's ownership and management of franchises, as well as its involvement in specific territories.