Start a Bingo Bugle Newspaper Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $9K - $15K

Units as of 2014: 41

Company Overview

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 Bingo Bugle Newspaper

Industry	Business Services
Related Categories	Advertising Services
Founded	1981
Parent Company	K & O Publishing, Inc.
Leadership	Tara Snowden, CEO
Corporate Address	P.O. Box 527 Vashon, WA 98070

Business Overview

Franchising Since	1983 (41 years)
# of employees at HQ	3
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises worldwide.
# of Units	41 (as of 2014)

Information for Franchisees

Here's what you need to know if you're interested in opening a Bingo Bugle Newspaper franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$5,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$9,070 - $15,020
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$15,000
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	8%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	5 years
Is franchise term renewable?	Yes

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	2 days
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Online Support
Marketing Support	Co-op Advertising Ad Templates

Operations

Additional details about running this franchise.

Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	1
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes

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Updated: December 12th, 2022

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Bingo Bugle Newspaper

Company Overview

About Bingo Bugle Newspaper

Business Overview

Information for Franchisees

Financial Requirements & Ongoing Fees

Training & Support Offered

Operations

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