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Promoted Opportunities

Coffee News
#354

Initial Investment

LOW: $9,750
HIGH: $10,750

Change in Units

-0.1% -1 UNITS (1 Year)
-5.5% -49 UNITS (3 Years)

Company Profile

Founded

1988

Franchising Since

1994 (23 Years)

Corporate Address

One Cumberland Pl., #102 Bangor, ME 04401

CEO

William Buckley

About Coffee News

Coffee News was started by Jean Daum in Winnipeg, Manitoba, in 1988. She began franchising in 1994. In 1995, Bill Buckley became the first U.S. franchisee. He bought the company from Daum in 2008, and Coffee News headquarters is now based in Bangor, Maine. Coffee News is a free weekly publication distributed in restaurants, coffee shops and hotels. In addition to ads for local businesses, it contains news stories, jokes, trivia and horoscopes.

Financials

Financial Requirements

Initial Investment

$9,750 - $10,750

Ongoing Fees

Initial Franchise Fee

$8,500 - $8,500

Ongoing Royalty Fee

$25-$80/wk.

Financing Options

Coffee News offers in-house financing to cover the following: franchise fee

Coffee News has relationships with third-party sources which offer financing to cover the following: 
franchise fee

Veteran Incentives


Three-year 0% financing for 2nd through 5th units

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training at headquarters: 3 days

Additional Training: Mentor program

Ongoing Support
Newsletter
Meetings
Internet

Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media

Absentee Ownership Allowed

Number of employees required to run: 1

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: August 25th, 2016

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