Is Dunkin Donut a franchise? How much does a Dunkin Donut franchise cost? Do you need info on Dunkin Donut franchise price and fee to open one?
If you have the passion for brewery or bakery food services and you would love to start a business along that line, then you should read about Dunkin’ Donut Franchise and take advantage of them.
From time immemorial the food industry has always been a thriving one. This is because food is the most basic necessity of man, man cannot do without it. And in recent years, there have been rave for fad foods that people can buy and eat on the go.
So, snacks like donut and drinks like coffee are now on increasing demand. In fact, coffee is now the second largest commodity item in the world next to oil. You can see that the business you are interested in doing is very lucrative.
However, if you are afraid to start the business because you feel that you don’t have the know-how needed to start the business, fear no more, there is a way out. And the way out is that you can invest in a franchise that will arm you with the basic skills you need to start.
There are wide range of franchise options to choose from but I recommend the Dunkin Donut Franchise which is one of the best. Read on to find out about all the necessary information about the Dunkin’ Donuts franchise and how to start one.
About Dunkin’ Donuts
The Dunkin’ Donuts is an American food and beverage company that specializes in the production of donuts, bagels, sandwiches and other baked snacks alongside with coffee and other beverages. The Dunkin’ Donuts a subsidiary of Dunkin’ Brands Inc. which also owns Baskin- Robbins ice cream shops.
It was founded in 1950 in Quincy Massachusetts, United States by William Rosenberg. Upon the establishment of the company, it recorded a huge success and because of this, a franchise model was introduced in 1955. And Dunkin’ Donut has since evolved into a formidable global brand with more than 12,000 restaurants in 36 countries and a revenue of $10.1 billon.
Benefits of Dunkin’ Donuts Franchise
Dunkin’ Donuts is a global brand that is widely known all through the United States and even beyond. This means that if you start a Dunkin’ Donuts franchise you can leverage on its strong brand to grow your business.
Dunkin’ Donuts has been around for 67 years, the experiences and strategies it has acquired over time will greatly help your business as a franchisee because you will not have to waste time and resources on trial and error.
Dunkin’ Donuts offers extensive trainings to their franchisees to open them up to the business operations and marketing strategies. And they don’t only train the franchisees but also their staffs. They also provide ongoing trainings for all the franchisees through various means such as meeting, regional seminars, annual conventions and newsletter.
Dunkin Donuts provides various support to their franchisees. They help their franchisees in selecting the best site suitable for the business, they also offer their support during the grand opening of any of their franchise shop and they provide advertisement both regional and national support.
Requirements for Starting Dunkin’ Donuts Franchise
As an intending franchisee, before Dunkin’ Donuts can grant your application to invest in their franchise, you must have met their basic requirements. So, it is good you know about these requirements to see if you are qualified to apply.
The Dunkin’ Donut Company has some core values that all their franchisees are expected to adopt. These values include honesty, transparency, respect, humility, integrity, fairness, and responsibility. So, if you are interested in starting the Dunkin’ Donuts franchise, you must be ready to consistently follow the company’s values.
To start Dunkin’ Donuts Franchise, you are required to have some experience in food service or retailing industry and restaurant management services.
You must all make sure you have the sufficient capital required to start the franchise. The minimum capital that you need to have to start the Dunkin’ Donuts franchise is $250,000.
The Cost of Starting Dunkin’ Donuts Franchise
To start the Dunkin’ Donuts franchise, you will need to pay an initial franchise which ranges from $228,621 to $1,692,314. Then there is an ongoing franchise fee ranging from $40,000 to $90,000, royalty fee of 5.9% and advertising royalty fee ranging from 2% to 6%.
How to Start Dunkin’ Donuts Franchise?
After you have carefully considered and seen that you can meet all the basic requirements needed to start a Dunkin’ Donuts Franchise, the thing to do is to go their website www.dunkinfranchising.com to apply.
After filling the application form, submit and wait for the company’s approval. Once your application is approved, you will receive the Franchise Disclosure Document which contains all the necessary information that will help you in making further decision and guide you on the next step to take.
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DISCLAIMER: The recommendation and the information I gave about the Dunkin’ Donuts should not prevent you from doing your personal home work to find out if Dunkin’ Donuts is really what you can invest in. Apart from the Dunkin’ Donut franchise, there are still many other franchises in the food industry that you can consider.