To whom is the payment for miscellaneous opening costs made for a Coffee News franchise?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
| TYPE OF EXPENDITURE | AMOUNT | METHOD OF PAYMENT | WHEN DUE | TO WHOM PAYMENT IS TO BE MADE |
|---|---|---|---|---|
| STANDS4 | $500.00 | AS | BY FIRST | LOCAL |
| INCURRED | PRINTING | VENDOR | ||
| SECURITY DEPOSITS, | N/A | N/A | N/A | N/A |
| UTILITY DEPOSITS, | ||||
| BUSINESS LICENSES | ||||
| MISCELLANEOUS | $250.00 | AS | BY FIRST | LOCAL VENDOR |
| OPENING COSTS5 | INCURRED | PRINTING | ||
| OPENING INVENTORY | N/A | N/A | N/A | N/A |
| ADVERTISING6 | N/A | N/A | N/A | N/A |
| ADDITIONAL FUNDS 7-- | N/A | N/A | N/A | N/A |
| [initial period] | ||||
| TOTAL | $11,150.00 - $12,250.008 |
Source: Item 7 — Estimated Initial Investment (FDD pages 12–14)
What This Means (2025 FDD)
According to Coffee News's 2025 Franchise Disclosure Document, miscellaneous opening costs are paid to a local vendor. These costs are estimated at $250.00 and are due as incurred by the time of the first printing.
This means that a new Coffee News franchisee should budget approximately $250 for miscellaneous opening costs. These costs are paid directly to local vendors that provide the goods or services. Because the payment is made to a local vendor, the franchisee will need to identify and vet the vendor themselves.
It is important to note that the $250 is an estimate, and the actual costs may vary. The FDD recommends that prospective franchisees review all figures carefully with a business advisor before making any decision to purchase the franchise.