What is the significance of 'Schedule A - Option' in the Coffee News FDD?
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.
- 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.
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to the 2025 Coffee News Franchise Disclosure Document, Schedule A outlines the payment schedule for various fees. Specifically, it details the weekly fees associated with operating a Coffee News franchise. For the initial franchise, a franchisee pays $80 per week for the hardcopy periodical, starting after the initial period. If a franchisee purchases additional franchises, they will incur weekly payments of $25 per week for each additional franchise, commencing after the first nine months of operation, as detailed in Schedule A.
Schedule A also addresses fees associated with Coffee News Online services. Franchisees opting for the Basic Service pay $25.00 per week, while those choosing the Premium Service pay $50.00 per week. These fees contribute to the ongoing operational costs and support provided by Coffee News. It is important to note that failure to make payments, including those outlined in Schedule A, for a period of sixty days may result in the loss of all franchises and termination of the periodical supply, at the discretion of Coffee News.
In addition to weekly fees, Schedule A is relevant to the payment of a non-refundable deposit of $7,000.00 for any additional franchises granted to the franchisee under a separate licensing agreement. The FDD also mentions that failure to make payments of either the deposit for additional franchises or weekly fees in accordance with Schedule A for a period of sixty (60) days from the due date may result in the loss of all Franchises and termination of receipt of the Periodical by Franchisee, at the option of Coffee News.