Bingo Bugle Newspaper

Specialty newspaper

Background

Founded: 1981 Franchising since: 1983
Robert Snowden started Bingo Bugle in 1980 to serve the needs of charitable bingo organizations, Native American bingo and other gaming establishments. The first newspaper was published in 1980, serving the Tacoma, Washington, area. Each newspaper contains news and feature stories about bingo and related topics, as well as ads for games. Bingo Bugle newspapers are read throughout North America. By 2000, the paper's circulation had surpassed 1 million.

P.O. Box 527
Vashon, Washington 98070

Phone:
(800)327-6437/ (206)463-5656

Franchisor is a privately-held company with 3 employee(s); 2 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	51	0	0	0
2008	53	1	0	0
2007	58	1	0	0
2006	57	1	0	0
2005	59	1	0	0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Delaware, Florida, Kansas, Louisiana, Maryland, Missouri, Mississippi, Montana, Midwest, Nebraska, North carolina, North dakota, Northeast, Pennsylvania, South, South carolina, South dakota, Southeast, Wyoming
Outside the U.S.: Canada, Western europe

Exclusive territories available.
Territory size: Major metros and surrounding counties

Costs and Fees

Total investment: $14.1K-20K
Franchise fee: $10K

Ongoing royalty fee: 8%
Term of agreement: 5 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	No
Equipment	No	No
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications
Cash liquidity requirement: $15K
Business Experience:

General business experience
Outgoing personality required

Operations

Franchise can be run from home
16% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 1
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)