Coffee News Franchise Opportunities
Coffee News is a fun free weekly publication distributed in restaurants, coffee shops, hotels and other waiting areas. In addition to ads for local businesses, it contains news stories, jokes, trivia and horoscopes. Coffee News was founded in 1988 by Jean Daum in Winnipeg, Manitoba but in 2008 the company was bought by it's first U.S. franchisee Bill Buckley and headquarters is now based in Bangor, Maine. Coffee News provides franchise opportunities throughout the world and as 2018, the company has more than 700 franchisees worldwide.
How much does Coffee News franchise cost?
Coffee News has the franchise fee of up to $9,500, with total initial investment range of $10,750 to $11,750.
Initial Investment: $10,750 - $11,750
Ongoing Fees
Initial Franchise Fee: $9,500
Ongoing Royalty Fee: $40 - $80/wk.
Initial Investment and Startup Costs
| Name of Fee | Amount |
|---|---|
| Initial Franchise Fee | $9,500 |
| Postponement of Opening Date (if necessary) | $1,000 |
| Travel and Living Expenses during Training | $500 |
| Real Estate and Improvements | N/A |
| Equipment | N/A |
| Stands | $500 |
| Security Deposits, Utility Deposits, Business Licenses | N/A |
| Miscellaneous Opening Costs | $250 |
| Opening Inventory | N/A |
| Advertising | N/A |
| Additional Funds | N/A |
| Estimated total | $10,750 - $11,750 |
Support Options
On-The-Job Training: 8 hours
Classroom Training: 25 hours
Additional Training: Mentor program
Number of Employees Required to Run: 1
Coffee News Franchise Info: https://www.coffeenewsfranchise.com
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Starting investments from:$10,750
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Company type:Distribution
- Company foundation year:19883
- Year of launching the franchise:1994
- Franchise enterprises:710
- Corporate Address:One Cumberland Pl., #102 Bangor, ME 04401, USA