Start a DonutNV Franchise in 2024

2024 Franchise 500 Rank: #298 Not ranked last year

Initial investment: $185K - $254K

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	9101 International Dr., #1304 Orlando, FL 32819
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 Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$59,500
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$185,075 - $253,525
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$250,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$100,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	$5,000 off first-unit franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	$125-$146/wk.
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	$200/mo.
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	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? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	Yes
# of employees required to run	2-3
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes