Published on 14 Jul 2023 Time 5 min read Last update by 28 May 2024

10 Best Donut Franchise for 2024 by Growth Rate

Donut Franchises

Franchising is a great opportunity for entrepreneurs that want to start their own business, but would also want to use the structure, support, and success of an established brand. Using those factors to your advantage can facilitate your entrepreneurial journey. By franchising a reliable brand, you can also have access to initial and ongoing training from that brand. A donut franchise can be a great franchise to invest your money in. In this article, we will discuss the 10 best donut franchises for 2023, ordering them by growth rate.

10 Best Donut Franchise for 2023

Shipley Donuts

Founded in
1936
Total U.S. Locations
330
Net Unit Growth (3 years)
56
Franchising since
1987
Franchise units
330
Investment Range
 $450K-$822K
Royalty Fees
5%
Estimated Profits
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Estimated Resale Value
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Shipley Franchise Company franchises retail restaurants that utilize the Shipley system. By having a Shiply Donut franchise, you will have to sell all Shipley-related goods, which include coffee, donuts, and more.

donut-franchise

Duck Donuts

Founded in
2012
Total U.S. Locations
112
Net Unit Growth (3 years)
29
Franchising since
2013
Franchise units
111
Investment Range
$424K-$649K
Royalty Fees
5%
Estimated Profits
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Estimated Resale Value
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Duck Donuts is a unique donut franchise that has franchises around the U.S. What makes them different from several other donut shops is that they allow to customize their own donuts. For example, customers can choose their favorite flavors and add their favorite topics. Duck Donuts help their franchisees with everything that they need to get started. This includes the initial investment, training, and support.

DonutNV

Founded in
2018
Total U.S. Locations
17
Net Unit Growth (3 years)
16
Franchising since
2018
Franchise units
16
Investment Range
$185K-$254K
Royalty Fees
N/A
Estimated Profits
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Estimated Resale Value
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Based in Orlando, FL, DonutNV donut franchise is focused on the mini donut business. They specialize in preparing, cooking, and serving mini donuts, along with other food items. By opening a DonutNV franchise, you will have a mobile mini donut business that is known to cater different events. These events include parties, coroporate events, and several other events.

Randys Donuts

Founded in
1982
Total U.S. Locations
13
Net Unit Growth (3 years)
5
Franchising since
2017
Franchise units
5
Investment Range
$606K-$749K
Royalty Fees
5%
Estimated Profits
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Estimated Resale Value
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Randys Donuts donut franchise has their headquarters in Englewood, California, and started franchising in 2017. IN the three year between 2020-2022, they had a net unit growth of 5 donut franchises.

Donut Franchise

Doughnuttery

Founded in
2017
Total U.S. Locations
5
Net Unit Growth (3 years)
1
Franchising since
2018
Franchise units
1
Investment Range
$175K-$322K
Royalty Fees
N/A
Estimated Profits
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Estimated Resale Value
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Doughnuttery is based in Westport, CT, and they are a donut franchise that offers donuts, coffee, and food.

Hurts Donut Company

Founded in
2013
Total U.S. Locations
20
Net Unit Growth (3 years)
-1
Franchising since
2015
Franchise units
18
Investment Range
 $502K-$819K
Royalty Fees
7%
Estimated Profits
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Estimated Resale Value
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It is important to know the costs required to run a Hurts Donut Company franchise. For instance, a franchise fee is one of the costs that you need to account for. Additionally, there are working capital costs alongside other costs that are required to run the franchise. Also, it’s recommended that you save some additional funds to live off of until your franchise progresses. You should speak to at least 5 Hurts Donut Company franchisees to understand the real costs of opening this franchise and to learn from their experiences.

Winchell’s Donut House

Founded in
2004
Total U.S. Locations
33
Net Unit Growth (3 years)
-3
Franchising since
2004
Franchise units
33
Investment Range
$3K-$72K
Royalty Fees
5%
Estimated Profits
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Estimated Resale Value
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Winchell’s Donut House is based in City of Industry, CA. By owning this franchise you will sell donuts, pastries, and coffee along with other beverages. You could also sell sandwiches if it’s permitted by the terms of the master lease.

Tim Hortons

Founded in
1984
Total U.S. Locations
636
Net Unit Growth (3 years)
-20
Franchising since
2007
Franchise units
636
Investment Range
$124K-$2.14M
Royalty Fees
N/A
Estimated Profits
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Estimated Resale Value
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Tim Hortons is an incredibly successful coffeehouse restaurant chain that sells, coffee, non-alcoholic beverages, sandwiches, soups, and, of course, donuts.

Krispy Kreme

Founded in
1937
Total U.S. Locations
368
Net Unit Growth (3 years)
-82
Franchising since
1950
Franchise units
123
Investment Range
$623K-$4.33M
Royalty Fees
5%
Estimated Profits
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Estimated Resale Value
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Based in Winston-Salem, NC, Krispy Kreme is one of the most popular donut stores in the U.S. They have a very well-known brand name, which is a green flag for potential franchise owners like you. Franchises for Krispy Kreme Stores are offered in 4 different Store formats: Factory Stores, Tunnel Oven Shops, Fresh Shops, and Box Shops.

Dunkin’ Donuts

Founded in
1950
Total U.S. Locations
8118
Net Unit Growth (3 years)
-195
Franchising since
1955
Franchise units
8087
Investment Range
$121K-$1.81M
Royalty Fees
6%
Estimated Profits
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Estimated Resale Value
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take a quizBased in Atlanta, GA, Dunkin’ Donuts is one of the most popular places that sells coffee, donuts, bagels, and several other bakery and food products. Dunkin’ Donuts is a successful business that is recognized worldwide, which is good news for you as a franchisee. They help support franchisees by offering ongoing training and development programs in addition to comprehensive marketing programs.

In conclusion, there are several donut franchises with great potential to choose from. In this article, ranked by growth rate, we discussed our 10 best donut franchises for 2023.

 

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