When do weekly payments for additional Coffee News franchises begin?
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 pa
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to Coffee News' 2025 Franchise Disclosure Document, if a franchisee purchases multiple franchises under separate licensing agreements, the weekly payments of $25 per week for each additional franchise begin after the first nine months of the franchisee's operation, as detailed in Schedule A.
This means that a Coffee News franchisee will not immediately incur the weekly fee for additional franchises. This provides a grace period to establish the initial franchise before the financial obligation for subsequent franchises begins. The franchisee has nine months to get the first franchise running smoothly and generating income before needing to pay the additional weekly fees for any subsequent franchises.
It's important for prospective Coffee News franchisees to review Schedule A, as referenced in the FDD, to fully understand the payment schedule and any potential variations or specific conditions that may apply. Understanding the timing of these payments is crucial for financial planning and ensuring sufficient capital is available to meet ongoing obligations.