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If you can’t wait to get up each morning to have a nice cup of coffee, consider franchise opportunities in Dunkin' Donuts. First of all, they are part of a larger group called Dunkin’ Brands Inc which also owns and operates Togo’s and Baskin-Robbins. What are they? They are a bit different than the standard quick service restaurant,
catering to people’s sweet tooth, but they are one of the fastest growing companies out there, too.
The company has 6590 locations throughout the world. In the United States, there are 4815 yet there is still a high demand. If you are considering franchise opportunities, Dunkin' Donuts promises that there are markets throughout the United States that are under represented, meaning opportunities for you.
What do you have to do to own a Dunkin' Donuts franchise? There are a number of important qualifications and points to learn about here.
- The company strongly recommends only those that have experience managing others in a multi-unit food service and hospitality environment. They would like you to have at least three years doing that with another two in the managerial position. Experience is the key to running one of these organizations.
- In assets, you will need a minimum of $650 to 750K to get started. In addition, your net worth must be at least $1.2 million or more. Some markets may be a bit more. They will help you to obtain financing if necessary in most situations.
- Unless you have a developed and experienced quick service restaurant of some other type, you must work in your restaurant, managing the day to day operation.
- Thorough training is provided. In addition, they will work with you on all aspects of the business from the Dunkin' Donuts advertising campaign to selecting the right real estate for the business location.
Currently, franchise opportunities for Dunkin' Donuts are aggressively growing. Some of the largest areas in which they are expanding include Charlotte, Cincinnati, Cleveland, and Detroit.
Why should you consider investing in Dunkin' Donuts? In 2004, the company had record breaking growth in their industry with the brands growing by some 21 percent. They have also launched a new multi-million dollar advertising campaign dubbed "America Runs on Dunkin'" which tries to play on America's desire for affordable foods and fast service.
While the company will not talk about potential profits, they do provide all necessary financial statements to help you make an informed decision. When considering franchise opportunities, Dunkin' Donuts is an ideal choice in the quick service restaurant choices you have.
Additional Information on Dunkin' Donuts:
Dunkin' Donuts Corporate Website
Corporate Headquarters
Dunkin' Brands Inc.
130 Royall Street
Canton, MA 02021
Main phone: (781) 737-3000
Franchise questions: (877) - 9DUNKIN (938-6546)
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