Is Dunkin Donuts A Good Franchise?

What type of franchise is Dunkin Donuts?

Dunkin’ Donuts Franchising LLCFranchise Description: The franchisor is Dunkin’ Donuts Franchising LLC.

Franchised restaurants sell Dunkin’ coffee, donuts, bagels, muffins, compatible bakery products, sandwiches, as well as other food items and beverages compatible with the franchisor’s concept..

How does Dunkin Donuts rank according to other franchises?

According to the Entrepreneur Franchise 500 2019, Dunkin Donuts currently ranks second as the fastest growing franchise in the United States and Canada. … In the United States alone, there are more than 8,400 Dunkin’ Donuts franchises located in 36 states, in addition to over 3,300 franchised locations internationally.

Can I buy a Dunkin Donuts franchise?

Here is a breakdown and ranges of the financial requirements to open a Dunkin’ franchise: Total investment range: $97,500 to $1.7 million. Initial franchise fee: $40,000 to $90,000 (varies by location) Net worth: $500,000 minimum.

Why is Dunkin Donuts a good franchise?

Why Dunkin’ Donuts might be a good investment With more than 12,000 locations around the world and 8,500 in the U.S., Dunkin’ Donuts and Baskin Robbins together have 98 percent brand recognition among their customers. … The ranking reflects the brands’ ability to scale up — and to take their franchisees with them.

How do you get a Dunkin Donuts franchise?

How much does Dunkin’ Donuts franchise cost?Initial investments: $228,620 – $1,691,200. Net-worth Requirement: $250,000. Liquid Cash Requirement: $125,000.Initial Franchise Fee: $40,000 – $90,000. Ongoing Royalty Fee: 5.9% Ad Royalty Fee: $2-6%On-The-Job Training: 244-354 hours. Classroom Training: 45-54 hours.

When did Dunkin Donuts become a franchise?

1950, Quincy, Massachusetts, United StatesDunkin’/Founded

Is buying a franchise a good idea?

If you want to own a business, but don’t have an idea to build from scratch and you have the resources to make it work, a franchise can be a good choice. … Make sure you are prepared to pay the costs associated with the franchise and that the corporate headquarters is likely to provide the support you need.

How much does a Dunkin Donuts franchise owner make?

Dunkin’ Donuts Franchise Owners earn $124,000 annually, or $60 per hour, which is 70% higher than the national average for all Franchise Owners at $60,000 annually and 61% higher than the national salary average for ​all working Americans.

How much do UPS owners make?

It has been reported by The Balance, that it takes a UPS Store franchise “$365,000 in annual gross sales” for a franchise owner to yield a “$35,000 a year income.” The same report states that “about 60% of all US stores do not break even.”

What is the best franchise to own?

Most Profitable FranchisesDunkin’7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items…•

What is the most profitable franchise to own?

10 of the Most Profitable Franchises in 2020McDonald’s. … Dunkin’ … The UPS Store. … Dream Vacations. … The Maids. … Anytime Fitness. … Pearle Vision. … JAN-PRO.More items…•

How much does it cost to buy a Dunkin Donuts franchise?

Dunkin’ Donuts has an initial investment between $109,700 and $1,637,700. Additional funds are required for real estate and vary on the number of restaurants acquired, restaurant size, and construction costs associated. Franchise fees vary based on the market chosen.