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Below is an in-depth analysis and side-by-side comparison of Coffee News vs Bingo Bugle Newspaper including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $9,250 - $10,250 | $9,070 - $15,020 |
Franchise Fee | $6,000 | $5,000 |
Royalty Fee | $25-80/wk. | 8% |
Advertising Fee | - | - |
Year Founded | 1988 | 1981 |
Year Franchised | 1994 | 1983 |
Term Of Agreement | 4 years | 5 years |
Term Of Agreement | 4 years | 5 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | Previous sales experience preferred. | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | No/No | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | 3 day training program at Head Office, called Coffee News College. Mentor program, Annual Regional Roundtables, Biennial International Conferences, ongoing support via internet. | Training w/regional manager or headquarter office |
Support | Newsletter, Meetings, Internet, Purchasing cooperatives | Newsletter, Meetings, Toll-free phone line, Internet |
Marketing | Ad slicks | Co-op advertising, Ad slicks |
Operations | Can be run from home office, can be owner-operated and absentee ownership of franchise is allowed. Agreements are in 4 year terms. |
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) |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | Yes | No |
International Expansion | Yes | Yes |
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.