Coffee News Recognized by Forbes Magazine
September 15, 2009CHARLESTON, SC – September 14, 2009 – Coffee News® recently received national recognition from Forbes magazine for being one of the top 20 best franchises to start now. Realizing that there are plenty of people who want to be instant entrepreneurs, Forbes decided to help make it easier by identifying where to get the best bang for start-up bucks.
Franchising isn’t doing it completely on your own. It’s buying initial training and ongoing support to stay abreast of what’s going on, says Robert Bond, publisher of Bond’s Franchising Guides and chief executive of the World Franchising Network (WFN), a franchise database. With Bond’s help, Forbes stacked up 400 operators that require less than $100,000 to open a new location, have been in business for at least five years and are opening new units now. Then they plucked the top 20 by applying a weighted formula based on comparable metrics.
Coffee News ranked #18 in the top 20 based on four variables: initial franchise fee; total locations, survival rates, and the ratio of the number of corporate support staffers to the total number of locations.
Coffee News has consistently been rated highly by Entrepreneur magazine for many years, but this is the first time Forbes magazine has noted our success, Bill Buckley reported. Buckley is the president of Coffee News USA. We are all very excited about this announcement. We have entered a new era with Coffee News!
The popularity of Coffee News has exploded in the Midlands area in recent years, with three franchisees publishing twelve editions in Richland, Lexington, Saluda, Newberry and Aiken Counties.
Visit: http://www.coffeenewssc.com
To read the story from Forbes:
http://www.forbes.com/2009/08/22/best-value-franchises-entrepeneurs-finance-franchise.html
A slide show of the top 20 is available here:
http://www.forbes.com/2009/08/22/best-value-franchises-entrepreneurs-finance
About Coffee News®
Coffee News is the tan-colored paper that gives restaurant-goers fun news to enjoy while they’re waiting or eating. It is the world’s largest restaurant publication, serving up weekly doses of interesting stories, trivia, quotes, a contest, and announcements of community events.
Why is it so popular? The explosive growth in the number of Coffee News publishers worldwide can be attributed in part to the desire to be entertained, according to Bill Buckley, President of Coffee News USA. As a respite from the daily overload of serious and sad news, readers increasingly turn to Coffee News for a quick dose of smiles.
Coffee News® was founded in 1988 by Jean Daum of Canada. After placing her lunch order, Jean resorted to reading the information on a sugar packet out of sheer boredom. It dawned on her that restaurants were missing the boat by not providing patrons with something entertaining to read for a few minutes while waiting for their food.
For more information on Coffee News: http://www.coffeenewsusa.com