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Bingo Bugle Newspaper
 

THE BINGO BUGLE is North America's largest network of newspapers devoted to bingo & gaming. Circulation over 1 million copies monthly. Listed in Entrepreneur's Annual Franchise 500 as one of the lowest cost franchise opportunities. Franchise fees range from $1,500 to $7,000. Complete training and support. Modest investment. Call 1-800-327-6437 for details.

Franchisor Background

Year Established:

  1981

Franchising Since:

  1983

Operating Units:

Franchised Units:52 100%  
Company-Owned Units:0 0%  
 ______ _____  
Total Operating Units:52 100%  
 

Geographic Distribution:

U.S.:52 100% In 0 States
Canada:0 0% In 2 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:52 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. California11
2. Florida3
3. New York3

Registered in Following Registration States:

   Florida, New York

Financial Requirements

Investment:

Minimum Net Worth:$
Cash Investment:$5K
Total Investment:$5-105K
Average Total Investment:$8K
 

Fees:

Initial Franchise Fee:$5K
Average Franchise Fee:$5K
On-Going Royalty:8%
Average Royalty:10%
Advertising Fee:8%

Average Number of Employees:

   0 Full-time, 0 Part-time

Space Needs (in square footage):

  

Preferred Sites:

  

Other Sites:

  

Encourage Conversions?

   No

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:No
Canadian Franchise Association:No
Franchisee Association/Member:Yes, Not a Member
Size of Corporate Staff:3
Site Selection Assistance?Not Applicable
Lease Negotiation Assistance?No
Financial Assistance?No
 

Marketing Support:

Co-Op Advertising:No
National Advertising:No
Regional Advertising:No
Local Advertising:No
Marketing Materials:None Specified
Additional Services:None Specified
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Not Applicable
Central Purchasing:Not Applicable
Field Operation Evaluation:Not Applicable
Field Training:Not Applicable
Initial Store Opening:Not Applicable
Inventory Control:Not Applicable
Franchisee Newsletter:Not Applicable
Regional or National Meetings:Not Applicable
800 Telephone Hotline:Not Applicable
 

Training:

1. On-Site Franchisee Location2 Days
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:2
General Business Experience:4
Specific Industry Experience:4
Formal Education:2
Psychological Profile:2
Personal Interview(s):1

Minority Representation

Units Owned by Minorities:

African-American:N/A
Asian-American:N/A
Hispanic:N/A
Native American:N/A
Other:N/A
Specific Minority:N/A

Terms of Contract

Term of Initial Contract:5 Year(s)
Term of Renewal Period:5 Year(s)
Passive Ownership:Allowed
Area Development Agreements?No
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?No

Expansion Plans

Projected New Units Over Next 12 months:

   2
U.S.:Yes, Northeast, Central US, NC
Canada:Yes, All Canada
Overseas:No
 
 
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