|
Below is an in-depth analysis and side-by-side comparison of Bingo Bugle Newspaper vs High School Sports including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $9,070 - $15,020 | $136,000 - $305,000 |
Franchise Fee | $5,000 | N/A |
Royalty Fee | 8% | - |
Advertising Fee | - | - |
Year Founded | 1981 | 2005 |
Year Franchised | 1983 | 2006 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | Training w/regional manager or headquarter office | - |
Support | Newsletter, Meetings, Toll-free phone line, Internet | - |
Marketing | Co-op advertising, Ad slicks | - |
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) | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | 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.
The Magazine is a sports franchise that provides an effective and profitable model to helping franchisees obtain their personal and financial aspirations. Entrepreneurs who own this sports franchise business produce a high-quality publication that grabs the core demographics of readers that advertisers are trying to reach. With multiple markets (franchises) producing monthly publications highlighting the local kids, schools and communities, VYPE delivers a demographic and psychographic to advertisers that is unparalleled in the print industry. VYPE is headquartered in Tulsa, Oklahoma and distributes over 200,000 Full Size - Full Color - Hi-Gloss magazines each and every month in 14 markets across the country.
If you are an energetic go-getter that has a passion for high school sports - VYPE just may be the franchise opportunity that you're looking for! This opportunity is an outstanding on that shouldn't be passed up dueo to the quality products we produce, multiple revenue stream options, brand awareness, excellent training and support and low investment to get in.