Year Krispy Kreme Franchise Began: 1937.
Franchising Since: 1947.
Headquarters: Winston-Salem, North Carolina.
Estimated Number of Units: 1,400.
Donuts and coffee are what Krispy Kreme and it’s franchisees is all about. The brand, whose mission is to make the most awesome doughnuts on the planet every day, is committed to producing fresh, quality and tasty products that individuals of all ages will enjoy.
Krispy Kreme Franchise is a brand that has earned global recognition. This is proven by the sales that the company has been recording. It sells 11,000 dozens of donuts in just an hour at America. The franchises become part of operation system Krispy Kreme has been successfully offering a concept of services and products.
#1. Krispy Kreme Franchise Opportunities
Krispy Kreme Franchise Opportunities has earned a top spot in the latest list of top 500 franchises, coming in at spot number 52.
Each store generates an average of $2 million in sales, which, in the franchise world, is extremely impressive.
The company operates through four segments:
1) Company Stores
2) Domestic Franchise
3) International Franchise
4) KK Supply Chain
There are variety to choose the Franchise section and huge Opportunities in each …
It owns and franchises Krispy Kreme stores.
#2. Krispy Kreme Franchise Cost
How much Krispy Kreme Franchise Cost
|Estimated Initial Investment|
|Name of Fee||Low||High|
|Development Fee (per Fresh Shop)||$12,500||$25,000|
|Initial Franchise Fee (per Fresh Shop)||$12,500||$25,000|
|Real Estate and Improvements – 3 Months||$8,000||$75,000|
|Truck (per truck)||N/A||$50,000|
|Equipment and Displays for Authorized Off-Premises Sales (excluding truck costs)||N/A||$100,000|
|Grand Opening Marketing Program||$20,000||$45,000|
|Security Deposits and Other Pre-Paids||$2,500||$20,000|
|Additional Funds (3 months)||$25,000||$100,000|
The initial investment range covers from a Box Shop up to a Factory Store, including Fresh Shops and Tunnel Oven Shops.
How much Krispy Kreme Franchise Cost/Fee?
|Type of Fee||Amount|
|Royalties (Franchise Agreement only, except for Authorized Off-Premises Sales by a Commissary Facility)||4.5% of Net Sales of the Store, including Fundraising Sales, and excluding any Authorized Off-Premises Sales.|
|Transfer||$5,000, plus any applicable transfer fee|
|Opening Term||Cost and expenses the franchisor’s opening team incurs in connection with the opening of the Store, other than travel, room and board and salaries, for which the franchisor is responsible.|
|Brand Fund (Franchise Agreement only, except for Authorized Off-Premises Sales by a Commissary)||Up to a maximum of 2% of Net Sales.|
|Advertising Placement Fund (Franchise Agreement only, except for Authorized Off- Premises Sales by a Commissary)||Up to a maximum of 1% of Net Sales.|
|Additional Copies of Advertising (Franchise Agreement only)||Cost associated with providing additional copies of advertising materials.|
|Local Advertising Requirement (Franchise Agreement only)||At least 2.5% of Net Sales.|
|Local and/or Regional Cooperatives (Franchise Agreement only)||Up to 3% of Net Sales.|
|Management Development Fee||$25,000 per hired employee.|
|Hosting Fee||$150 per store per month.|
|Maintenance Fee||$150 per store per month.|
|Additional Service Fee||$65 per hour.|
|Systems Fee||The then-current fees (currently $0).|
|Replacement Fee for System Standards Manuals||Currently $1,000.|
|Relocation Fee||Fee of $2,500 plus the franchisor’s expenses associated with the relocation of a Store or Commissary Facility.|
|Audit/Inspection Expenses||Cost of audit or inspection, includes legal fees, accountants’ fees and travel expenses, room and board, per diem charges and other associated expenses.|
|Costs and Attorneys’ Fees||Varies.|
|Training of Additional Managers||Franchisees must pay their managers’ wages, salaries, travel, room and board, and living expenses during training.|
|Additional or Special Training||The franchisor’s reasonable fee plus their managers’ wages, salaries, travel, room and board, and living expenses during training.|
|Interest on Late Payment||Highest rate of interest permitted by law, whichever is less (1.5% per month)|
|Fees to Evaluate Proposed Alternative Suppliers||The franchisor’s reasonable costs and expenses.|
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#3. Krispy Kreme Franchise for Sale
Krispy Kreme Franchise for Sale Requirements
Needs for accredited investors that should be fulfilled before you apply for a Krispy Kreme franchise
1. The person must be who loves and appreciates a good doughnut
2. Must have net worth of $2,000,000 and also focused on providing fans with a fun family experience.
- On-The-Job Training: 65 days
- Classroom Training: 15 days
- Additional Training: At training stores
For inquiry contact: 1-336-725-2981
For Applying Krispy Kreme Franchise: https://www.krispykreme.com/