One of my friends suggested me to franchise Dunkin Donut that’s why I want to share my gathered information on how to franchise Dunkin Donut.
The following are steps on Dunkin Donut Franchising:
1. Application
Of course, you have to secure an application from Dunkin Donut. After reviewing your application, the Dunkin’s Donuts franchise team will contact you. Then a Franchise Disclosure and Qualification Package will received and reviewed. This will provides prospective franchisees with information about the franchisor as well as the franchise system and the agreements required. Also, you have to provide proof of citizenship or Permanent Resident/Alien Registration care, proof of assets and they will check also credit and initial financial review.
2. Business Plan
After initial screening, you will be met by their Franchise Manager. They will conduct due diligence and talk with the existing franchisees. Then, select a territory and make a business plan.
3. Financial Review
After background check, the business plan will be presented to Franchise Manager and submit legal entity documentation. Also, conduct a financial review based on business plan then receive a franchise approval.
4. Approval
Sign Store Development Agreement (SDA) and if approved, they will begin franchise training and select and submit site for approval then secure financing.
5. Grand Opening
After the franchise approval, they will finalize the lease or purchase and you will have to sign the Franchise Agreement then start the construction and crew training. Then, the store opening.