Dunkin' offers franchises to operate restaurants featuring Dunkin' coffee, donuts, bages and other related food itesm and beverages Dunkin' is a franchise concept in the Food and Beverage industry.
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Questions & Answers
Why should you become a franchisee?
Dunkin’ franchise has a great potential for growth and prospect for success. The fast-food industry generated $200 billion in revenues in 2015 and the industry has since been expected to have an annual growth of 2.5% for the following subsequent years. Dunkin’ itself is considered a leading U.S. QSR concept and in 2019 was ranked number 8 in QSR Magazine’s top 50.
What is the background / history of the franchise?
Dunkin’ began in 1948 when its founder, Bill Rosenberg, opened a restaurant in Quincy, Massachusetts, “Open Kettle.” After having seen his business continue to grow Rosenberg renamed his restaurant “Dunkin’ Donuts” in 1950. His goal was “make and serve the freshest, most delicious coffee and donuts quickly and courteously in modern, well merchandised stores,” a philosophy which still holds true today. Franchising began 5 years later, and by 1960, they had over 100 shops. Today, Dunkin’ stores can be found in over 32 countries, serving over 70 varieties of doughnuts, coffee, bagels, breakfast and other baked goods. Dunkin’ is run by its CEO David Hoffmann.
What is the business model?
Dunkin' sells Dunkin' coffee, espresso, donuts, bagels, muffins, compatible bakery products, sandwiches, as well as other food items and beverages compatible with the concept.
Who is an ideal franchisee candidate?
Dunkin' is particularly looking for experienced candidates who are willing to run the business on a daily basis and who have enough capital to support a multi-unit franchise development. That said, the minimum net worth required to own a Dunkin’ franchise ranges from $250,000 to $500,000 and the applicant must have liquid assets ranging from $125,000 to $250,000.
What is the franchise approval process (how to become a franchisee)?
The candidate approval process takes approximately 60-90 days, and the typical length of time between the signing of the Store Development Agreement and opening a Restaurant for business is 8-15 months.
Timeline to become a franchisee: 1.Application 2.Business Plan 3.Financial Review 4.Approval 5.Grand Opening
* Closed includes terminations, non-renewals, and ceased operations
Where was Dunkin' founded?
Dunkin' was founded in Canton, Massachussets.
When did Dunkin' start offering franchises
Dunkin' started offering franchises in 1955.
How much does a Dunkin' franchise cost?
The minimum amount required for a franchisee to invest is $211,200, and can go all the way up to $1,597,200.
How many Dunkin' units are in the United States?
There are 8091 Dunkin' locations in the United States, of which 0 are corporate units and 8091 are franchise units.
From the Franchise Disclosure Document of Dunkin', that was issued on April 2, 2019.
Dunkin' is an American multinational coffeehouse and donut company. It was founded by William Rosenberg in Quincy, Massachusetts in 1950. Five short years later they started franchising and have been expanding worldwide since then. With approximately 8,091 locations in the US, Dunkin' is one of the largest coffee and baked goods chains in the world. Its products include donuts, bagels, other baked goods, and a variety of hot, iced and frozen beverages. The initial investment amount for a new location in the US ranges from $211,200 to $1,597,200 with a $40,000 franchise fee. The franchise has its headquarters in Canton, Massachusetts.
Please visit the SBA Loan Franchise Directory for the latest details on each franchise and its SBA loan eligibility.
Vetted Biz has reviewed the SBA Loan Data for Dunkin'. Dunkin' is available for SBA financing. Dunkin''s SBA Franchise Identifier Code was issued on October 1, 2017. Dunkin' also meets the Federal Trade Commission's definition of a franchise.
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