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| Coffee News 120 Linden St. Bangor, ME 04401 |
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Business Description
COFFEE NEWS is an international, fun-filled weekly publication produced and delivered free of charge by local franchisors to restaurants, coffee shops and the hospitality industry. Each issue contains short stories, trivia, horoscopes, interesting facts and jokes, plus a local event section edited by the franchisee. Income is derived from the sale of ads to small businesses in each community.
Franchisor Background
Year Established: 1994
Franchising Since: 1996
North America:
States/Provinces with the largest number of operating units:
Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Michigan, Minnesota, New York, North Dakota, Oregon, South Dakota, Virginia, Washington, Wisconsin, Alberta
Financial Requirements
Average Number of Employees: 3 Full-time, 0 Part-time
Space Needs (in square footage):
Preferred Sites:
Other Sites:
Encourage Conversions? Not Applicable
Earnings Claims Provided?: No
COFFEE NEWS is an international, fun-filled weekly publication produced and delivered free of charge by local franchisors to restaurants, coffee shops and the hospitality industry. Each issue contains short stories, trivia, horoscopes, interesting facts and jokes, plus a local event section edited by the franchisee. Income is derived from the sale of ads to small businesses in each community.
Franchisor Background
Year Established: 1994
Franchising Since: 1996
| Operating Units: | |||||||||||||||||||||||||||||||
Franchised Units: | 821 | 100% | | ||||||||||||||||||||||||||||
| Company-Owned Units: | 0 | 0% | |||||||||||||||||||||||||||||
Total Operating Units: | 821 | 100.0% | |||||||||||||||||||||||||||||
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States/Provinces with the largest number of operating units:
| Density | Units |
| 1. Texas | 80 |
| 2. Michigan | 50 |
| 3. Florida | 43 |
Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Michigan, Minnesota, New York, North Dakota, Oregon, South Dakota, Virginia, Washington, Wisconsin, Alberta
Financial Requirements
| Investment: | |
| Minimum Net Worth: | $None |
| Cash Investment: | $8.5K |
| Total Investment: | $8.5K |
| Average Total Investment: | $8K |
| Fees: | |
| Initial Franchise Fee: | $4K |
| Average Franchise Fee: | $4K |
| On-Going Royalty: | $20-75/Wk. |
| Average Royalty: | 5% |
| Advertising Fee: | 0% |
Space Needs (in square footage):
Preferred Sites:
Other Sites:
Encourage Conversions? Not Applicable
Earnings Claims Provided?: No
| Franchisee Qualifications | |||||||||
Ranked from 1 (unimportant) to 5 (important): | |||||||||
| Financial Net Worth: | 1 | ||||||||
| General Business Experience: | 5 | ||||||||
| Specific Industry Experience: | 5 | ||||||||
| Formal Education: | 3 | ||||||||
| Psychological Profile: | 3 | ||||||||
| Personal Interview(s): | 3 | ||||||||
| Terms of Contract | |||||||||
| Term of Initial Contract: | 4 Year(s) | ||||||||
| Term of Renewal Period: | 4 Year(s) | ||||||||
| Passive Ownership: | Allowed, But Discouraged | ||||||||
| Area Development Agreements? | No | ||||||||
| Sub-Franchising Contracts? | No | ||||||||
| Franchisees Allowed to Expand Within Territory? | Yes | ||||||||
| Support and Training | |||||||||
| International Franchise Association: | No | ||||||||
| Canadian Franchise Association: | No | ||||||||
| Franchisee Association/Member: | No | ||||||||
| Size of Corporate Staff: | 5 | ||||||||
| Site Selection Assistance? | Yes | ||||||||
| Lease Negotiation Assistance? | No | ||||||||
| Financial Assistance? | No | ||||||||
| Marketing Support: | |||||||||
| Co-Op Advertising: | No | ||||||||
| National Advertising: | No | ||||||||
| Regional Advertising: | No | ||||||||
| Local Advertising: | No | ||||||||
| Marketing Materials: | None Specified | ||||||||
| Additional Services: | None Specified | ||||||||
| Other Marketing Support: | None Specified | ||||||||
| On-Going Support: | |||||||||
| Central Data Processing: | Not Applicable | ||||||||
| Central Purchasing: | Not Applicable | ||||||||
| Field Operation Evaluation: | Not Applicable | ||||||||
| Field Training: | Not Applicable | ||||||||
| Initial Store Opening: | Not Applicable | ||||||||
| Inventory Control: | Not Applicable | ||||||||
| Franchisee Newsletter: | Included in Fees | ||||||||
| Regional or National Meetings: | Not Applicable | ||||||||
| 800 Telephone Hotline: | Not Applicable | ||||||||
| Training: | |||||||||
| 1. Sales Meetings in ME | Quarterly | ||||||||
| Expansion Plans | |||||||||
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Submit an online form to receive information from Coffee News.
|
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