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Below is an in-depth analysis and side-by-side comparison of Bingo Bugle Newspaper vs The School Communications Agency including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $9,070 - $15,020 | $39,700 - $59,900 |
Franchise Fee | $5,000 | $30,000 - $40,000 |
Royalty Fee | 8% | 12% |
Advertising Fee | - | - |
Year Founded | 1981 | 2011 |
Year Franchised | 1983 | 2013 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | Ad/Sales Experience | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | Yes/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | Training w/regional manager or headquarter office | 16-20 hours of Classroom Training, 16 -24 hours of On Site Training. |
Support | Newsletter, Meetings, Toll-free phone line, Internet | Field Support and ongoing remote support is provided along with many resources and tools. |
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) | The franchise offered is a home based owner-operator model. The content for the newsletter is provided by the school or the Franchisors Library of Content and is placed into the newsletter by Franchisor. The franchisee sells advertising space in the newsletter, manages the school and business relationships and shares a portion of the revenue with the schools. |
Expansion Plans |
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US Expansion | Yes | 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.