Coffee Guy said:Correct me if I'm wrong, but weren't they known by some other name before? I don't remember what it was, but it just changed recently. You must ask yourself, "Why did they change their name?" :wink:
Cuppy? Never heard of them. Maybe they are well known in your area, but not in Northeast. I can open a Kuppy and copied their concept down to the bathroom sinks and no one will notice it.coffee4me said:Signing a license or a franchise agreement with any company out there entitles you to certain things which cost the company money. They include site reveiws, build out plans for your site, access to lawyers who help you get the best lease etc...
I have personally owned two franchises outside the coffee industry and have read cover to cover the UFOC of at least 15 other popular companies and have never seen a refundable deposit offered. When you enter an agreement with one of these companies you better be very very serious, and have no doubts as to whether you are going to proceed. I know of an individual who has paid a large Pizza franchise $50,000 and now can't financially finish the deal. He is not going to get his money back. This same franchise has approched me to purchase these franchise rights for the $50,000 because his time to open a store as specified in his contract will expire shortly.
You guys critic these companies like what they are doing is a hobby. All successfull franchise companies are run buy serious business people out to do one thing. MAKE MONEY!!!! The owners are not out there to run a lifestyle firm that breaks even every year. If you think Starbucks is out there to save the environment, and sponsor "cute" community events and buy beans in a socially conscience manner just because it is the right thing to do you are wrong. Even though it may be right thing to do the ultimate reason is because of something called profit. By promoting these things people feel good about a $6 Cafe Mocha. You the buyer don't think about $6, instead you feel good because you helped a coffee bean farmer earn a decent wage. If you call $4 a day a good wage.
So to say they made them sign a nasty contract is bogus. His terms were consistant with any UFOC I have seen. Additionally I don't think Java Joz forged Scoobles name and stole $25000 out of bank account. He wrote them a check and now is not man enough to follow through.
:-DCoffee shops are not a good "starter business". It is very risky, competitive and very labor intensive. If all you really want is to be able to say "I am a small business owner" then find something easier.