08 Sep, 2017
Best Donut Franchise Opportunities
Best donut franchise opportunities
In 1946, Bill Rosenberg founded Industrial Luncheon Services, a company that delivered meals and snacks to workers in the Boston area. The success of Industrial Luncheon Services convinced Rosenberg to start The Open Kettle, a doughnut shop in Quincy, Massachusetts. Two years later, The Open Kettle changed its name to Dunkin' Donuts.
Today, best donut franchise opportunities can be found in over 30 countries, and they serve 52 varieties of doughnuts, along with hot and cold coffee drinks, bagels, breakfast sandwiches and other baked goods. Dunkin' Donuts parent company, Dunkin' Brands Inc., also franchises Baskin-Robbins, and the two concepts are sometimes co-branded.
Statistics show that Americans eat, on average, 10 billion donuts per year, making the donut market a whooping $3 billion dollar industry. Given these numbers, it is hard to deny the growth and popularity of America's donut franchises.
How Much Does a Dunkin' Donuts Franchise Cost?
Probably too much, best donut franchise opportunities and there’s the rub. After you pass your criminal background check, credit check, and proof of assets check, it’s on to due diligence and the development of your business plan. This is a labor of love requiring a net worth for 5 restaurants at a minimum of $1.5 million and $750,000 in cash reserves. If you are thinking about a partnership, go ahead, but there is one caveat; one single candidate must personally meet the financial qualifications. The start up fee is a tame $40,000 to $80,000 in contrast, and yes, if you want more units you have to expand at the rate of 5 at a time.
What We Like
We absolutely love the product, and unless you were born in a barn and never left the farm, you have both heard of and enjoyed this confection on many different occasions. An investor with excellent resources should consider this winner. It is like betting on all the horses with each one carrying a 20:1 payout. You can’t loose, and if you need a little cash to get started, Dunkin’ Donuts has lender relationships just waiting to help you. “Time to make the Donuts…”
Name Recognition - If you can afford it, best donut franchise opportunities offers unlimited profit potential for the most astute entrepreneur.
• Competitive - Dunkin' Donuts is in the top 5 of all categories of franchises according to Entrepreneur magazine.
• Online University - The Dunkin' Donuts Online University offers numerous learning programs, courses, and resources to franchisees and crew 24 hours a day, 7 days a week.
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