If you want to open a Krispy Kreme franchise, there are many decisions that you will have to make before you are able to purchase one. Krispy Kreme specializes in delicious donuts and coffee. Their specialty is glazed donuts, but they also sell other varieties of donuts, fritters and crullers. Krispy Kreme Donuts are located in the United States and eight other countries.
- Skill level:
- Moderately Challenging
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Things you need
- Information on Krispy Kreme corporation
Investigate the requirements that the Krispy Kreme Corporation has in place for their franchisees. A franchise holder is responsible for opening a market of stores, which consists of ten Krispy Kreme franchises.
Assess the franchise opportunity and decide if it is the right one for you.
Determine if you are able to qualify as a Krispy Kreme franchise owner. Krispy Kreme requires that franchise owners have minimum net worth of $30,000,000 for any number of franchises below 30, or $1,000,000 for each store to be developed if the total number of franchises is over 30.
Contact Krispy Kreme by email. Send them your name, address, telephone number, a resume, financial proof of your net worth and a summary of your experience and background.
Tell them the locations where you would like to open your Krispy Kreme franchises, and any other information that you feel is pertinent. The email address is located at krispykreme.com.
Involve your lawyer, who should specialize in business franchise law, in all aspects of your potential Krispy Kreme franchises.
Tips and warnings
- The Krispy Kreme Corporation has experienced financial problems in the past, but seems to be recovering. Research this business franchise very carefully.
- Krispy Kreme may not be offering franchises in the United States at this time. They want to concentrate on the European and Asian market.
- In addition to all costs involved, you will have to pay the parent company a royalty fee and an advertising fee.
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