If you are an Overseas Filipino Worker with capital to start up a business of your own, you should consider franchising. Dunkin’ Donuts is one of the most successful franchises in the country, with the number of people with a sweet tooth in the country. But the biggest question you would surely have in mind is how much does a Dunkin Donuts franchise cost?
Don’t worry, this is a comprehensive report on how you can purchase the famous desserts and snacks store, together with the franchise cost and packages you can avail.
How Did Dunkin’ Donuts Start?
Dunkin Donuts found its success here in the Philippines. First established in the 1950s from Massachusetts, the company’s founder, Bill Rosenberg had an idea of serving coffee and donuts. The idea came to him as a surprise as it proved effective and made its way all over the world, including the Philippines.
The marketing behind Dunkin Donuts is proven successful in the country. Who would forget the catchy jingle “Pasalubong ng Bayan,” right? Their donuts have the right amount of sweetness that you can crave for and won’t get tired eating. They also have 52 variety of flavors as well as sandwiches, coffee, juice, and other beverages that could make perfect partner with your afternoon snack.
Facts About Dunkin Donuts Philippines
The one who manages all the franchising aspects of Dunkin Donuts in the Philippines is Golden Donuts Inc. They are the one responsible for expanding the brand. Franchisees are welcomed by them too.
Golden Donuts Inc will give you what you need such as training to be as successful as other franchisees. They share all the knowledge and experience they have accumulated over the past couple of years in running franchises.
As a franchisee, there are a total of three packages you can choose from, each differentiating by the amount of service you can handle.
These are take-out booth applicable for school canteens or convenience stores. You can typically see these stalls in 7-Eleven.
The Dunkin Donuts Franchise cost for the dealership model is P200,000. This includes the franchising fee, security deposit, materials, and other equipment.
For individuals or companies who want to establish a production center in the location of their choosing.
What Are the Requirements for Franchising Dunkin Donuts?
If you are interested in applying for a franchise, you have to submit the following information:
1. Location information that includes the address of the proposed location, detailed description, photos, and vicinity map.
2. Letter of Intent
3. Contact Details including your email, mobile number, and address
How Much Does a Dunkin Donuts Franchise Cost
Once you are applied and ready to go, Dunkin Donuts will provide you with all the necessary structure to assist you in opening your own franchise. The investment fee starts at P200,000.
Services Provided to Franchisee
Quality Assurance Assistance
As starting the business may be daunting, you will not have to worry since the company provides you support so you may not feel lost in the process of handling your business.
You will undergo a series of preparations and training before you will be able to manage a store. Production training will teach you how the product is made while Store Operations Training will teach and test you on how to handle the day to day operations of the store. The Local Store Marketing Training will equip you with marketing strategies to improve your business financial performance and sales.
Marketing and Promotional Support
Dunkin Donuts will also offer nationwide tactics to market your business and inform you of any incoming new products for your business to sell. During your grand opening, they will assist you on the operations and any inquiries that you may have as well as any problems you may encounter.
Location Selection Assistance
If the location you choose is not profitable, they will assist you in locating a profitable site to place your business.
Ongoing Consultant Guidance
Even if they will not handhold you throughout the duration of the business’ operation, they will check on you from to time and will share some advice on things to improve your business.
Additional Information in Starting a Dunkin Donuts Franchise in the Philippines
Once you have submitted the requirements, Dunkin Donuts will review them and evaluate your proposal on whether it is feasible or not. Some factors that may influence your approval may be the location of your store, the competitors surrounding the area, and the degree of qualification of the franchisee to satisfy the demands and expectations of Dunkin Donuts.
The franchisee will also be held responsible to hire the staff, but Dunkin Donuts will be happy to assist you in recruiting and providing the training programs for your staff to meet the quality standards that they set.
As a franchisee, you are also obligated to make the building plan for the construction of your building, hire a suitable architect, and discuss the construction with your contractor, although Golden Donuts Inc. will give you the guideline that you should follow with your business plan. If you fail to find an architect, Golden Donuts Inc. will provide you with one of their own as long as it meets the standard guidelines of the company. With all this, the budget that you should keep in mind should be enough for the construction of the building.
Who to Contact
Are you ready to start a Dunkin Donuts franchise? Here are the contact details:
Address: Reliance corner Sheridan Streets, Mandaluyong City
Telephone Number: +63 (02) 988-7288
Are you excited to have your own business and see the fruits of your labor while working abroad? Franchising can surely be a way for you to learn how to handle a business as well as earning money on the side.