|
Below is an in-depth analysis and side-by-side comparison of Bingo Bugle Newspaper vs CityDirect including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $9,070 - $15,020 | $30,000 - $125,000 |
Franchise Fee | $5,000 | $25,000 - $100,000 |
Royalty Fee | 8% | - |
Advertising Fee | - | - |
Year Founded | 1981 | 2002 |
Year Franchised | 1983 | 2007 |
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.
CityDirect is an innovative online Community Directory that is focused on bringing together local buyers and local sellers. Online Marketing is a growing billion dollar industry and small to medium sized businesses realize that to succeed in this market they need an effective web presence. Our proven successful business model requires a low initial investment, no employees or late hours. Franchisees can work from home and generate immediate income and residual revenue.