Tuesday, August 4, 2020

Dunkin Donuts Franchise Success Rate: What To Know

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Dunkin’ Donuts is part of Dunkin’ Brands, and it’s one of the most recognized franchises worldwide. Dunkin’ Donuts restaurants offer doughnuts, muffins, and bagels that are best paired with hot, decaffeinated, or iced, flavored coffee. If you’re considering getting a Dunkin’ Donuts franchise, you’ve landed to the right page.   

In this post, you’ll learn more about how Dunkin’ Donuts became successful, even until today.

Dunkin Donuts Franchise Success Rate: What To Know 1

History of Dunkin’ Donuts Success  

The success of Dunkin’ Donuts owes a lot from its founder or the man behind this famous snack house or coffee and doughnut restaurant. That’s why it’s essential to learn how the company started. So if you’re planning to get any franchise, like a Dunkin’ Donuts franchise, it’s a good idea including the company history to your site’s franchise blog as a tribute and letting your customers know that it’s worth its well-known name.

Here are the good-to-know facts about the history of Dunkin’ Donuts:

  • Dunkin’ Donuts was founded by William Rosenberg in 1946, which started as a food delivery service (snacks and lunches) to factory workers.
  • Dunkin’ Donuts was previously called Industrial Luncheon Services, and later, Dunkin’ Donuts was born.
  • In 1955, the first Dunkin’ Donuts franchise opened, and since then more than 11,000 Dunkin’ Donuts restaurants have opened all over the world.
  • Dunkin’ Donuts consistently holds one of the top quick-service restaurants or QSR in the world.
  • In 2011, Dunkin’ Donuts ranked top 15 in the Franchise500 ratings or one of the most popular franchises in the world, and held the fourth spot of the top ten listed popular franchises for military veterans.

Dunkin’ Donuts Core Values to Achieve Success

Dunkin’ Donuts expects superior character among franchisors, recognizing the core values of the Dunkin’ brand. So, it’s crucial to assess your values to ensure you’ll be a good fit for the brand and that you can run a successful Dunkin’ Donuts shop.

Here are the core values of Dunkin’ Donuts or the key qualities of a successful Dunkin’ Donuts franchisor:

  • Respect
  • Fairness
  • Integrity
  • Honest
  • Humble
  • Transparent
  • Responsible

Market Availability Assessment

Before you proceed with your franchising application, it’s important to assess the market availability in your area, like any other new business. Dunkin’ Donuts has not opened in Oregon, Washington, Idaho, Montana, Nebraska, Wyoming, and Alaska. That’s why these states are considered the “future markets” of  Dunkin’ Donuts.

Of course, Dunkin’ Donuts is proud to have franchises in more than 60 countries and is always willing to accommodate further growth in the global market. It’s no wonder why Dunkin’ Donuts continues to grow and become even more successful.

Choosing Franchisees with Excellent Management Skills

Dunkin’ Donuts always prefers candidates with excellent management skills for franchising, like someone with prior food service operations or restaurant management experience. Also, the company looks for candidates who can demonstrate the skills and ability to recruit, hire, train, retain, and motivate a high-performing team. It’s a plus point if you understand real estate development, too.

Here’s how Dunkin’ Donuts works to support and educate its franchisees:

  • Dunkin’ Donuts works together with industry experts, offering extensive support to franchisees.
  • You’ll get support in terms of the entire franchising process, site construction, business development, and marketing strategies.
  • Every year, Dunkin’ Donuts provides franchisees with updated training for new products through the Dunkin’ Donuts Online University.

Reasonable Dunkin’ Donuts Franchise

As of 2018, there are 8,500 Dunkin’ Donuts shops in the United States, where a franchisee runs every Dunkin’ Donuts location. That’s why the success of the Dunkin’ Donuts franchise business model and franchise concept is undisputed. Also, Dunkin’ Donuts offers a reasonable franchise fee and other franchising charges, worth its excellent products and services.

Here’s a quick guide for Dunkin’ Donuts’ capitalization:

  • The initial franchising fee ranges from $40,000 to $90,000. Of course, it depends on the type of unit you’re looking to franchise.
  • You need a net worth of $500,000. Also, you need at least $250,000 in liquid assets.
  • For international franchising, you need liquid assets of at least $1,500,000 and a minimum net worth of $3,000,000 to develop at least 20 Dunkin’ Donuts restaurants.
  • Your initial investment is between $134,600 and $1,611,100 for a new Dunkin’ Donuts restaurant (real estate costs not included).

Conclusion

If you want to become a successful Dunkin’ Donuts franchisee, you have to carry and practice the core values of the brand. Also, having the right capitalization is important for smooth operations, and to fully maximize your profits. The management skills, marketing strategies, and extensive support of  Dunkin’ Donuts are undisputed. That’s why the company continues to expand, dominate, and succeed in different countries across the globe.

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