Coastal Angler Magazine Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$28,975 - $34,600
Franchise Fee
$25,000
Total US Locations
33
Business Summary
Coastal Angler Magazine operates a business that produces a monthly print and digital publication under the trade name Coastal Angler Magazine. This business involves editorial compilation, advertising sales, circulation formulas, and promotional activities within a designated territory.
Corporate History
Coastal Angler Magazine Franchising, Inc. was formed as a Florida corporation in April 2008. The company began offering Coastal Angler Magazine franchises in mid-April of 2008, focusing on a business that produces a monthly print and digital publication. Coastal Angler Magazine has never conducted the specific type of business operated by its franchisees, nor has it offered franchises in other lines of business.
Financial Overview
Investment Range
$28,975 - $34,600
Franchise Fee (Low)
$25,000
Franchise Fee (High)
$25,000
Royalty %
8%
Equipment Costs (Low)
$1,225
Equipment Costs (High)
$3,900
Working Capital
$4,500
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financing Details
Coastal Angler Magazine does not offer any direct or indirect financing to its franchisees. Franchisees are responsible for securing their own funding, and Coastal Angler Magazine does not guarantee any notes, leases, or other obligations.
Performance Metrics
Total US Locations
33
Franchised Units
32
Corporate Units
1
Franchising Since
2008
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Coastal Angler Magazine has no litigation or legal disputes to report, as no litigation is required to be disclosed in this item.
Bankruptcy History
Coastal Angler Magazine has no bankruptcy history to report, as no bankruptcy information is required to be disclosed in this item.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew their Coastal Angler Magazine franchise, franchisees must be in good standing, pay a $2,500 renewal fee, modernize their business to meet current brand standards, and sign a general release. They will also be required to sign a new franchise agreement, which may have materially different terms and conditions from their original agreement, although the initial fee will be waived.
Training & Support Program
Franchisor Assistance
Coastal Angler Magazine assists franchisees with pre-opening obligations, including designating an exclusive territory, assisting with territory selection, and providing initial 2-day training for up to two people at its corporate headquarters, franchisee worksite, or remotely. The franchisor also offers pre-opening and initial week assistance. Ongoing support includes researching and sharing information on new services and promotions, loaning the confidential Operations Manual, and providing access to online Media Kits and Sales Promotion Flyers. Coastal Angler Magazine may offer continuing advisory services, include the franchise on its website with a customizable page, and provide visits from field representatives. The franchisor may hold mandatory annual conferences, for which franchisees must pay a fee to cover direct costs. For advertising, Coastal Angler Magazine provides promotional materials and approves franchisee-developed advertising. In the future, local or regional advertising pools may be established, requiring franchisee participation based on a majority vote. Coastal Angler Magazine manages all web pages and may assign social media accounts, maintaining administrative control for brand protection, while franchisees are responsible for developing and updating their territory's web page and social media. Franchisees are not required to participate in an advertising fund operated by Coastal Angler Magazine. Regarding computer systems, Coastal Angler Magazine sets standards for equipment and internet access, requiring QuickBooks online and Adobe Creative Suite for graphic artists. Franchisees must use an assigned email address and are responsible for software upgrades (not more than once a year) and cybersecurity. Coastal Angler Magazine has access to business information from the franchisee's computer system for their specific location, but requires franchisee cooperation to pull data.
Initial Training Hours
16
Training Location
Corporate headquarters in Cocoa Beach, Florida, franchisee's worksite, or remote
Ongoing Support
After opening, Coastal Angler Magazine provides ongoing support by researching and sharing information on new services and promotions. Franchisees receive a confidential Operations Manual and access to an online Media Kit and Sales Promotion Flyers. The franchisor offers continuing advisory services and may conduct discretionary visits from field representatives. Coastal Angler Magazine holds mandatory annual conferences where franchisees must pay a fee and their own travel expenses. The franchisor reserves the right to contact franchisee advertisers and may require software upgrades (not more than once a year). Additionally, Coastal Angler Magazine may offer periodic seminars and tutorials, which franchisees may be required to attend.
Franchise Requirements
Ideal Candidate Profile
Coastal Angler Magazine seeks franchisees or designated managers who will dedicate themselves full-time to the business's management and operation, covering aspects like advertising sales, editorial content, distribution, and customer service. Candidates should possess sufficient business management experience or be prepared to nominate an operating partner or manager with the necessary background to oversee all business operations directly.
Industry Experience Required
Yes
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Home-Based
Owner Participation
Absentee Allowed
Territory Type
Limited
Territory Size Requirements
Coastal Angler Magazine franchises are granted exclusive territories that are defined by boundary streets, highways, zip codes, or county/parish lines, designed to cover a population range of up to 500,000 people.
Staffing Notes
Coastal Angler Magazine requires that either the franchisee or a fully trained and qualified operating manager devote full-time to the business, overseeing advertising sales, editorial content, distribution, and customer service, along with HR/payroll and reporting duties. All employees must maintain a clean and neat appearance and adhere to the Manual's dress code. Staffing levels must always be sufficient to efficiently meet the anticipated volume of business. Franchisees are also responsible for providing their employees with the sales and customer service training they receive from the franchisor. Any designated manager must not have a conflicting business interest and must sign a confidentiality and non-competition agreement.