Doughnuts – a deliciously sweet treat that people around the world find irresistible. They may be packed with sugar but that still doesn’t stop even health-conscious people from indulging occasionally. All it takes sometimes is for the aroma of fresh doughnuts to reach our nostrils and we cave in. Doughnuts are also very affordable, making for an inexpensive option including for parents who have children pestering them for a treat.
Selling doughnuts can be very brisk business, especially when in an ideal location like a shopping mall. If you play your cards right then your doughnut business can be very profitable indeed. If you do want to open your own doughnut business then why not consider investing in a franchise?
Doughnut Franchises: FAQs
The UK is in the midst of a doughnut craze. Doughnuts are the latest sweet treat (after cupcakes and macaroons) to receive a fancy makeover. Doughnut franchises are a fun subset of bakery franchises are popping up everywhere with brands such as Krispy Kreme, Dunkin’ Donuts, and Dum Dum Donutterie taking the doughnut to a whole new level. There’s no sign of the ring-shaped treat leaving us any time soon. They’re easy to make and market – what’s not to love? Doughnuts can be found in a wide variety of flavours such as salted caramel, crème brulee, coffee and cream, pumpkin spice and much, much more! Doughnuts have never tasted so good – especially with your afternoon cup of coffee! The global doughnut market is expected to grow more than 5%, according to recent market research, so there has never been a better time to take advantage of this lucrative sector. Browse through our doughnut franchises today to see which investment opportunity is right for you.
Find out all you need to know about the doughnut market below:
- A recent survey states that the core doughnut consumer is aged between 25 and 49 years of age.
- Doughnuts are popular because they’re inexpensive, freshly made and there are many different flavours on offer.
- Doughnuts are made from olykoek; a type of fried dough called.
- Doughnut franchises are on the rise. Reasons for this include the increasing popularity of doughnuts and increasing disposable income.
- Some doughnuts looking to increase profits have started introducing offers like coffee with your doughnuts at a discounted rate.
- Well-known brands such as McDonald’s, Starbucks and Tesco stock a wide range of doughnuts.
Why Would a Doughnut Franchise be Profitable?
Not only are doughnuts delicious and affordable, out of all thedessert franchises, they are also one of the most convenient. Even in a fast-food burger restaurant, you will likely have to wait a little while but, when it comes to doughnuts, they are already waiting for you. This makes it easy for people passing by to pop in and pick up some doughnuts for themselves, or maybe to take home to their family.
Some doughnut franchises will also be restaurants – potentially attracting good trade at times when people are looking to grab something quick to eat with a cup of coffee. For other people, it can be a great place to chill with friends for a while in a relaxed but fun environment.
Some doughnut franchises will also deliver – opening up your client base even further. If you are located in a commercial district then you can get large orders from nearby offices from management treating their staff. Regardless of your location, you can also get orders for house parties and other events where organizers want to cater to their guests.
Why a Franchise?
A commonly asked question is why somebody would choose a franchise over an independent company. After all, is it not best to be in complete control of how your business is run?
The main benefit of investing in a franchise is that you don’t have to try and build your brand from scratch. The failure rate of independent businesses in the first two years is high even for well-run companies. One reason for this is that it takes time for people to come to recognise your brand and choose it over the other options available. If you’re ordering doughnuts, who would you rather order from? A company you’ve barely heard of, or a company with a fine reputation of delivering great quality doughnuts?
With a franchise, especially food franchises, the brand has already been established – people already know that you will deliver good quality, meaning they are more likely to order from you than from another company.
Getting Finance
Getting started in business takes money; thousands or even tens of thousands of pounds - sometimes more. The kind of money needed is more than most people have in their bank accounts, meaning they will need to turn to a bank for help. Banks are often more than happy to help out, but they want to be confident they will get their money back.
With the high failure rate of new, independent businesses, a bank may understandably be reluctant to grant a loan. Franchises are far more secure investments, however, due to them being an established name and the fact that franchisors tend to give franchisees the support they need to be successful. This added reassurance will make a bank more likely to grant a loan, allowing you to fulfil your dream of owning your own business.
Check Out Our Doughnut Franchise Opportunities
Here at Franchise Direct, we bring you some of the best doughnut franchise opportunities around. Feel free to browse through what we have available and, if you don’t see something you like, contact us and we will see what we can do for you.
Our team is happy and ready to answer any questions you might have regarding our services or investing in franchises in general. We pride ourselves on helping people to break out of the 9-5 lifestyle and becoming their own boss instead. Owning your own doughnut franchise can be a very rewarding job in terms of job satisfaction as well as financially. We will be delighted to help you achieve what so many others only dream of doing and being the owner of your own successful business.