DUNKIN’ DONUTS Franchising Information & Startup Cost
Dunkin’ Donuts, which is part of Dunkin’ Brands is one of the most recognized franchises in the world. At Dunkin’ Donuts restaurants, you can purchase off the counter hot, decaffeinated, flavored, and iced coffee, donuts, and muffins.
This has made them popular among most coffee lovers. They opened their first franchise in the year 1955 and since then they have launched over 11,000 restaurants in different parts of the world.
They have a success story with their franchises and the reason why a lot of people seek to understand how much is a Dunkin’ Donuts franchise.
For you to be considered for the Dunkin’ Donuts franchise opportunity, you will be expected to meet some financial requirements as well as some other qualifications.
FRANCHISE INFORMATION ABOUT DUNKIN’ DONUTS
In the year 1946, Industrial Luncheon Services was founded by Bill Rosenberg.
It was established to deliver snacks and meals in the Boston area. It was an instant success and then Bill was convinced to start The Open Kettle, a shop that served doughnut in Quincy, Massachusetts. The name was then changed to Dunkin’ Donuts after 2 years.
Today, Dunkin’ Donuts has a presence in over 32 countries of the world and they currently serve about 70 different varieties of donuts alongside other meals and snacks.
In the United States alone, there are about 8,400 Dunkin Donuts restaurants in 36 states and they are all franchises. In addition to this, there are over 3,300 franchised locations in other parts of the world.
The parent company to Dunkin Donut, Dunkin Brands Inc is also the franchisor of Baskin-Robbins and there is the possibility of getting the two brands when you apply.
DOES DUNKIN DONUT SELL FRANCHISE?
One question that you will want to get an answer to as an entrepreneur and a potential franchisee is does Dunkin Donut sell Franchise? Well, your guess is as good as others.
They do sell franchises; all the Dunkin Donut outlets in the country are franchises, so you stand a very good chance to get into the Dunkin Donut Franchise Opportunity.
WHAT IS THE COST OF DUNKIN DONUT FRANCHISE?
For you to get full approval as a prospective Dunkin Donut Franchisee, you will need to show evidence of your capacity to possess a liquid capital of $125,000. The minimum net worth you will as well need to possess to own a Dunkin Donut franchise is $250,000.
WHAT IS THE INITIAL DUNKIN DONUT FRANCHISE FEE
You will as well be expected to make an initial Dunkin Donut Franchise fee which will range between $40,000 to $90,000. An on-going royalty fee of about 6% of the net revenue is expected and also an Ad Royalty fee of 2-6%.
HOW TO GET A DUNKIN DONUT FRANCHISE
After the process of looking into the financial success you could attain tapping into the Dunkin Donut Franchise opportunity, the next step to then take is to proceed on how you can get the Dunkin Donut Franchise.
The 1st step to take is to apply for the franchise with Dunkin Donut. After then, your application will be reviewed by the Dunkin Donuts franchise team and then you will be contacted afterward.
You will then be afforded the Franchise Disclosure & Qualification Package.
The Federal Trade Commission requires this, and it provides potential franchisees with the right information they need to know about the franchisor, the franchise system, and then the agreements that will be needed to make a solid decision for you in the franchisor-franchisee deal.
- BUSINESS PLAN
Once the initial screening has been done, you will be expected to meet with the Franchise Manager and then talks will be initiated about your Business plan, which will serve as a guideline for you in the running of your business.
- FINANCIAL REVIEW
After your Business plan has been presented to the Franchise Manager, you will be expected to submit all legal documents and then your financial status will be reviewed.
If you can meet all the required criteria, then you will receive the Dunkin Donut Franchise approval.
Once approval has been received, you will immediately begin franchise training.
Then you can then proceed to select and tender a site for approval by the franchisor. Then the last action to take will then be taking FINANCES, which could be self-raised or gotten from your financial institution.
WHAT ARE THE BENEFITS OF DUNKIN DONUT FRANCHISE?
If you are deciding to tap into the Dunkin Donut Franchise opportunity, you should then be certain of making some wise business decisions as the brand has set aside itself as one of the top Donut brands in the industry.
They already have a name and once you can afford to buy into their franchise, you will surely get unlimited profit potential.
According to Entrepreneur magazine, Dunkin Donuts is in the top-5 position for all franchises. This gives you a competitive edge over other franchises and a bigger chance of attaining success.
The Dunkin Donut Online University will allow you the opportunity to get lots of learning programs, courses
DUNKIN’ DONUTS FRANCHISE SUMMARY
Ranking on Entrepreneur’s 2016 Top Franchises list: 8
Year of establishment: 1950
Started Franchise: 1955 (61 years)
Franchise Fee: $40,000 – $90,000
Initial Investment: $217,300 – $1,637,700
Royalty Fee: 5.9%
Ad Fee: 2-6%
Liquid Cash: $125,000
DISCLAIMER: The recommendation and the information I gave about Dunkin’ Donuts should not prevent you from doing your homework to find out if Dunkin’ Donuts is really what you can invest in.
Apart from the Dunkin’ Donuts franchise, there are still many other franchises in the food industry that you can consider.