- 2024 Franchise 500 Rank
-
#298 Not ranked last year
- Initial investment
-
$190K - $273K
- Units as of 2023
-
118 3,833.3% over 3 years
Founded in 2014, DonutNV provides fresh-baked mini donuts and freshly made lemonade through their food trucks to what may be an increasing fan base. DonutNV began franchising in 2018 and has opened several franchises since.
Taking the business mobile shortly after the first year of operation, founders Alexander and Amanda Gingold soon saw what the future held for the company as mobile sales started to take off. Now based in Clermont, Florida, DonutNV is looking to expand its mobile model with new franchisees to take up the mantle.
Why You May Want To Start a DonutNV Franchise
DonutNV may have a track record of success with its combination of fresh donuts and fresh lemonade available in its food trucks. The company provides training for new franchisees, and the franchise territories provided are protected from other DonutNV franchisees.
DonutNV also has a centrally-located training center (DonutNV University) which was established to help franchisees in the day-to-day running of their business. This training center will provide classes covering sales, marketing, food preparation, and other tools used by DonutNV franchises.
Opening a DonutNV franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
What Might Make a DonutNV Franchise a Good Choice?
The market for mobile food trucks has primarily been generated by word of mouth and occasional TV exposure. DonutNV looks to take those marketing channels and create new spins with their marketing campaign. DonutNV may provide a colorful splash into their marketing materials with an eye for showcasing the product in the best light.
Donuts and lemonade are both comfort foods of the youth of many, and combining the two within a single establishment could provide the best of both worlds for those looking to enjoy food from their childhood.
To be part of the DonutNV team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
How To Open a DonutNV Franchise
As you decide if opening a DonutNV franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a DonutNV franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
As part of your due diligence, you may want to speak to existing franchisees and ask the DonutNV franchising team questions.
If awarded a franchise, franchisees receive a great deal of support from the DonutNV brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, research, and construction. DonutNV franchisees may also receive hands-on training and continued support after opening their franchise location.
Company Overview
About DonutNV
| Industry | Food |
|---|---|
| Related Categories | Doughnuts, Miscellaneous Baked Goods, Breakfast/Brunch Restaurants |
| Founded | 2014 |
| Parent Company | DonutNV Franchising Inc. |
| Leadership | Scott Gingold, President |
| Corporate Address |
3745 S. Hwy. 27, #A Clermont, FL 34711 |
| Social | Facebook, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 2018 (6 years) |
|---|---|
| # of employees at HQ | 18 |
| Where seeking |
This company is offering new franchises in the following US states: Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, Wyoming |
| # of Units | 118 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a DonutNV franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$59,500 |
|---|---|
|
Initial Investment
|
$189,580 - $272,900 |
|
Net Worth Requirement
|
$250,000 |
|
Cash Requirement
|
$100,000 |
|
Veteran Incentives
|
$5,000 off first-unit franchise fee |
|
Royalty Fee
|
$125-$146/wk. |
|
Ad Royalty Fee
|
$200/mo. |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | DonutNV has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 28 hours |
|---|---|
| Classroom Training | 12 hours |
| Ongoing Support |
Purchasing Co-ops
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
Yes |
|
Can this franchise be run part time?
|
Yes |
| # of employees required to run | 2-3 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where DonutNV landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where DonutNV ranked on other franchise lists? Find out below.
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