Bingo Bugle Newspaper vs SNAP Newspaper Group Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Bingo Bugle Newspaper vs SNAP Newspaper Group including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Bingo Bugle Newspaper Franchise
SNAP Newspaper Group Franchise
Investment $9,070 - $15,020$69,500 - $89,500
Franchise Fee $5,000$29,500 - $49,500
Royalty Fee 8%-
Advertising Fee --
Year Founded 1981-
Year Franchised 1983-
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements

 
Bingo Bugle Newspaper Franchise
SNAP Newspaper Group Franchise
Experience
  • Outgoing personality required
  • Applicants must demonstrate a strong desire to own and operate their own successful business. SNAP looks for high potential franchise owners who are committed to the business and to making it a success, as well as those with the experience or confidence to relate well to community members and advertisers within. The need for hard work in the operation of a profitable franchise cannot be over-emphasized.

    Financing Options

     
    Bingo Bugle Newspaper Franchise
    SNAP Newspaper Group Franchise
      In-House/3rd PartyIn-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

     
    Bingo Bugle Newspaper Franchise
    SNAP Newspaper Group Franchise
    Training Training w/regional manager or headquarter officeNew Franchisees receive training for themselves and their key people for two (2) full Weeks including both practical and on-the-job instruction. Training will be provided at a SNAP location for 5 days and an additional 5 days at the Franchisees office or territory.
    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

     
    Bingo Bugle Newspaper Franchise
    SNAP Newspaper Group Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About Bingo Bugle Newspaper

    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.

    About SNAP Newspaper Group

    Almost everyone is aware of the tremendous boom in franchising that has occurred in the world during the last twenty years. But, why has it been so successful, and how does it work? Most understand it as a means for independent entrepreneurs to go into business for themselves in order to distribute various goods or services. There is no definition that holds true in all cases. However, in general terms, franchising is a method of distribution or marketing in which a company (the "Franchisor") grants by contract to an individual, or other company (the "Franchisee") the right to carry on a business in a prescribed way, in a particular location or area, for a specified period. The Franchisee is licensed to sell a product or service to the public. In return, the Franchisor receives a royalty for support and expertise given under a common name. The strong and growing popularity of franchising around the world has resulted from the built-in advantages that franchises enjoy over the newly started independent business. Some of these advantages are: * A recognizable brand name * Professional assistance in demographic studies and market analysis, financial planning, employee training, start-up and ongoing support * Head office support and assistance in such areas as marketing and sales, research, accounting systems, etc. * Full publication design and output Indeed, statistics show that while an independently owned and operated business stands a seventy to eighty percent chance of failure in the first two years, a newly opened franchise business has over an eighty percent chance of success during the same period. You owe it to yourself to thoroughly investigate any business opportunity that comes along. We will be more than happy to spend whatever time is required to review all the facts regarding franchising in general and a SNAP Franchise opportunity in particular.