What paragraph outlines the conditions for purchasing multiple Coffee News franchises?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
e needs to pay for additional $1,000.00 to us to obtain such extension and hold Franchisee's area for such one or more months before Franchisee pays the full amount due under the Agreement.
- 2.1.4 Weekly Fees. For the first Franchise granted to Franchisee, weekly payments of:
- 2.1.4.1 for hardcopy Periodical, $80 per week beginning upon the conclusion of the Initial Period. In the case of multiple franchises granted to Franchisee under separate licensing agreements, weekly payments of $25 per week for each additional franchise purchased, to be charged for each week beginning after the first nine (9) months of Franchisee's operation in accordance with Schedule A.
- 2.1.4.2 for Coffee News Online Basic Service (as later identify and defined in Paragraph 4.5.1), $25.00 (USD) per week.
- 2.1.4.3 for Coffee News Online Premium Service (as later identified and defined in Paragraph 4.5.2), $50.00 (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.
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to the 2025 Coffee News FDD, Paragraph 2.1.4.1 and 2.1.5 outline some of the conditions for purchasing multiple franchises. Specifically, for each additional Coffee News franchise purchased under separate licensing agreements, the franchisee pays $25 per week. This fee begins after the first nine months of operation, as detailed in Schedule A.
In addition to weekly fees, Coffee News requires a non-refundable deposit of $7,000.00 for each additional franchise granted under a separate licensing agreement. This deposit is to be paid in accordance with Schedule A. These fees are separate from those associated with the first franchise.
Furthermore, if Coffee News provides financing for a franchisee to purchase a minimum of four franchised units, the franchisee must use the printing services of Coffee News Printing, LLC for the term of the loan. This is contingent on the initial payment of training fees, as referenced in Paragraph 10 of the FDD. This condition ensures that Coffee News maintains control over the printing quality and potentially benefits from the franchisee's business during the loan term.