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Entrepreneur: Start & Grow Your Business

Coffee News

Weekly newspaper distributed at restaurants

Background

Founded: 1988 Franchising since: 1994
120 Linden St.
Bangor, Maine 04401
Phone:
(207)941-0860


Franchisor is a privately-held company with 7 employee(s); 2 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 724 164 184 0
2008 799 157 186 0
2007 696 157 136 0
2006 549 146 126 0
2005 352 141 183 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide

Exclusive territories available.
Territory size: 25,000-50,000 population

Costs and Fees

Total investment: $9.4K
Franchise fee: $8K/5.5K
Ongoing royalty fee: $75/wk.
Term of agreement: 4 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Business Experience:
  • General business experience
  • Marketing skills
  • Sales & advertising experience

Operations
  • Franchise can be run from home
  • 94% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 1
  • Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 3 days
  • Mentor program

Ongoing Support
  • Newsletter
  • Meetings
  • Internet
  • Purchasing cooperatives

Marketing Support
  • Ad slicks

Rankings

Franchise 500® rank:
#64 (2009); #68 (2008); #68 (2007); #129 (2006); #236 (2005);

Ranked #1 in category in:
2009; 2008; 2007; 2006; 2005;

Fastest-Growing Franchises:
#31 (2009); #28 (2008); #14 (2007); #23 (2006); #55 (2005);

Low-Cost Franchises:
#16 (2009); #17 (2008); #21 (2007); #32 (2006); #64 (2005);

Top Home Based Franchises:
#14 (2009); #15 (2008); #17 (2007); #32 (2006); #65 (2005);

America's Top Global Franchises:
#55 (2009); #61 (2008); #60 (2007); #90 (2006); #94 (2005);