Mall  Web

Virtual Newspapers

Year began: 2005                   Franchising since: 2007

Each Applicant must start probation period as lessee to avoid failures and unnecessary expenses. Lessee starts with annual lease which depends on population of covered territory and it's $1,000/1 million people per year. (For example expenses for Albany, NY would be $1,000 and New York City, NY $13,000 per year) After 3 months or $70,000 revenue which ever is first applicant can sign the Franchise contract under terms stated in Terms and Conditions. Unit offers several revenue streams and some of them are generated from the very beginning after unit setup. Online training and ongoing support. Financing of Franchise unit (not lease) available starting with 20% down on 2 years. 365 delayed payment of Initial Franchise Fee. Lessee can extend probation period up to a year as long as he/she has a lease. Lessee can finance purchase of Franchise Unit from revenue made from lease.


Where seeking Franchisees

Nationwide

Worldwide


Start-up Costs & Franchise Fees


How much does it cost to open a Virtual Newspapers franchise?

Total Investment:$24,000-$39,000
Initial Franchise Fee:$15,000
Royalty Fee:6%/ week
Advertising Fee:4%
Term of Agreement:3 years
Renewal Fee:varies



Training & Support


Support

Excellent Training and Support, be in business for yourself, not by yourself. You will have access to ongoing marketing and retail items available to operate your business. We want you to be successful, so we don't just get you started - you get continued support every step of the way!



Business Operations


Number of employees needed to run franchised unit: 1

Absentee ownership of franchise is allowed.


More info...