Is Duncan a franchise? (all you must know)
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Dunkin’ Donuts is undoubtedly one of the world’s most famous fast food chains as it has more than 10,000 restaurants in more than 45 countries around the world.
One question that has arisen among Dunkin’ fans, however, is whether the Donuts and Coffee House brand is a franchise. So, is Duncan a franchise? I did some research on this and this is what I found!
Is Dunkin’ a 2022 franchise?
Dunkin’ is a franchise from 2022. Dunkin’ Donuts Franchising LLC utilizes its systems to develop, operate and franchise all retail restaurants. And franchised restaurants sell coffee, espresso, donuts, bagels, croissants, sandwiches and other baked goods. Dunkin’ offers different restaurant franchises including freestanding, mall or storefront, gas or convenience stores, and special distribution opportunity restaurants.
To learn more about whether Dunkin’ is a franchise, how much it costs, and how to buy a franchise, keep scrolling!
How Much Does a Dunkin’ Franchise Cost?
Franchise costs for Dunkin’ vary depending on the location, size and number of units of the fast food restaurant.
In this way, it facilitates a large initial investment due to the various franchise fees that are charged when opening any franchise store.
However, generally speaking, the total investment to purchase a Dunkin’ franchise ranges from $97,500 to $1.7 million.
For example, the initial Dunkin’ franchise fee ranges from $40,000 to $90,000, depending on your store’s location.
Additionally, you must have a net worth of at least $500,000 and a minimum liquidity of $250,000 to run a restaurant seamlessly.
So while these investment numbers may seem significant, Dunkin’ chains tend to have lower upfront costs than similar fast food chains like Krispy Kreme or McDonald’s.
Nonetheless, Dunkin’ may sometimes negotiate certain loan rates through third-party lenders in order to provide financing to qualified franchisees.
Additionally, the financing amount and repayment period depend on the project, your creditworthiness, and the circumstances of your restaurant.
Generally, Dunkin’ Donuts offers an initial franchise term of 20 years and a conditional renewal term of 20 years if you meet all of its requirements.
How to Buy Dunkin’ Franchise?
To purchase a Dunkin’ franchise, submit your application and updated resume online, and the company will send you its eligibility package and franchise disclosure for you to review.
In turn, Dunkin’ will ask you to provide proof of existing assets and citizenship, after which the company will conduct a background check and review your credit report.
After the initial screening process, make an appointment with the franchise manager to request any clarifications on the franchise and to write and submit your business plan.
Then, a franchise agreement is signed, a legal contract is signed with the franchisor, and a store development agreement is granted to acquire the right to build a Dunkin’ store at a specific location.
After that, make sure your store meets Dunkin’ branding requirements, such as brand colors, and train your staff as you prepare for your restaurant’s grand opening.
Finally, Dunkin’ Donuts gives you 8 to 15 months to secure the real estate, build the store and train the staff.
What are the Dunkin’ franchise requirements?
Dunkin’ Donuts requires all of its franchisees to manage their network with the help of at least two people, who must be franchisees, shareholders or members and a designated representative.
Additionally, the two must complete a training program that varies based on their role in the organization.
Additionally, the Dunkin’ Donuts brand training program requires 19 days to complete the instructional phase and does not include in-restaurant practice, travel time or online training.
Additionally, the training program is delivered virtually or at franchise restaurants by Duncan Brand University (DBU) in Massachusetts.
In addition to classroom training, the University also offers some online training, which takes at least 65 hours to complete.
Therefore, Dunkin’ requires you and your employees to participate in further brand training, including a visit to the franchisee’s training facility in Braintree, MA.
Upon completion of the training process, you have the right to operate a fast food restaurant at the location specified in Dunkin’ Franchise Agreement.
As if that wasn’t enough, as a first-time franchisee, you may need to participate in opening another fast food restaurant for at least ten days to get used to Dunkin’ standards.
Still, it’s worth noting that Dunkin’ doesn’t allow you to use distribution channels other than the store.
Additionally, you can only sell company-approved food and beverages, and your store must offer all required menu items.
Finally, Dunkin’ Franchise does not allow you to distribute or sell its products by electronic communication or the Internet without prior authorization.
To learn more, you can also read our posts on Dunkin’ Delivery, Dunkin’ Points and Dunkin’ Dress Code.
in conclusion
Overall, Dunkin’ is one of the leading fast food chains in Braintree, Massachusetts, USA.
So if you’re planning to join a fast food chain, Dunkin’ chain is an excellent investment option.
