What is the payment schedule for the additional franchise deposit for Coffee News, as referenced in Schedule A?
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 the 2025 Coffee News Franchise Disclosure Document, an additional franchise granted to a franchisee under a separate licensing agreement requires a non-refundable deposit of $7,000. The FDD states that this deposit is to be paid in accordance with Schedule A. However, the document does not provide further details regarding the specific payment schedule outlined in Schedule A.
Without the specifics of Schedule A, it is not possible to determine the exact payment schedule for the $7,000 deposit. The FDD mentions that initial fees and payments are generally due upon the completion of the franchisor's pre-opening obligations. It also notes that failure to make payments, including the deposit for additional franchises, per Schedule A, within 60 days of the due date, may result in the loss of all franchises and termination of the periodical supply, at Coffee News's option.
A prospective Coffee News franchisee should carefully review Schedule A within the FDD to understand the complete payment terms for the additional franchise deposit. If the schedule is not sufficiently detailed, they should seek clarification from the franchisor regarding the payment timeline, installment options, and any potential penalties for late payments to make an informed decision.