When did Coffee News terminate its six-year office lease?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
| Ben Sprague | 71 Norway Road Bangor, ME 04401 207-852-1405 | 6 | |
|---|---|---|---|
| Jill Mathers | 14 Crystal Rd Crystal, ME 04747 207-538-7170 | 3 | |
| John H. Dyer | 99 Oak St., Apt A, Ellsworth, ME 04605 207-812-1900 | 1 | |
| MARYLAND – 5 | |||
| Thomas L. Balsamo Angela R. Balsamo TAB Publishing dba Coffee News Bowie | 8048 Mayer Avenue, Pasadena, MD 21122 443-790-1360 | 5 | |
| MASSACHUSETTS – 5 | |||
| Nick Ricciarini | 58 Belvidere Ave. Pittsfield, MA 01201 413-212-9126 | 3 | |
| Thomas A. Clarke Holli M. Clarke | 192 Pleasant St #1 Leominster, MA 01453 978-549-8948 | 2 | |
| NAME OF FRANCHISEE | ADDRESS / TELEPHONE | # OF FRANCHISES | |
| MICHIGAN – 5 | |||
| Lora L. Wilson | 687 NE 5th Street Chrystal River, FL 34429 352-637-1960 | 5 | |
| MISSISSIPPI – 10 | |||
| Bethanne Dufour Coffee News of Pine Belt, LLC | 10 Professsional Parkway Hattiesburg, MS 39402 601-606-2266 | 2 | |
| Brian K. Parton | 205 Morris Noble Rd. Ocean Springs, MS 39564 800-359-1410 | 4 | |
| Jac Lynn Sharp | 125 Shirley Dr Pelachatchie, MS 39145 601-209-6420 | 4 | |
| MISSOURI – 5 | ### 3. Borrowing and Leasing |
Coffee News USA, Inc., has a $15,000 unsecured line of credit, of wh
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to the 2025 Coffee News Franchise Disclosure Document, Coffee News USA, Inc. terminated its six-year office lease in July 2022. The lease, which cost $2,125 per month, resulted in a total lease expense of $14,875 in 2022. The lease was with an unrelated party and was not renewed upon termination.
This information is relevant to prospective franchisees as it provides insight into Coffee News's past operational costs and decisions regarding office space. The termination of the lease suggests a change in the company's operational strategy, possibly indicating a move towards a more remote or streamlined business model.
Currently, Coffee News provides office space through the Director and Vice President, consisting of partial household expense reimbursement for telephones and a portion of home expenses. A prospective franchisee may want to inquire about the reasons for terminating the lease and the current arrangements for office space, as this could impact the support and resources available to franchisees.