Donuts are one of the most delicious treats that people love to indulge in. The round pastry with a hole in the center, filled with a special filling or sometimes dipped in an enjoyable sauce can easily brighten up someone’s day and make their tummies happy and satisfied. There are donuts which are topped with rainbow sprinkles, nuts, chocolate syrup and more.
Every person has their own favourite shop where they usually buy their sugar fix. But if you would ask around, you would definitely hear the name Krispy Kreme a number of times.
Krispy Kreme is one of the businesses that took advantage of the people’s sweet tooth by providing the customers with a snack they can indulge in after a tiring day or as a dessert every after meal. As a matter of fact, the patrons’ favourite donut from the shop is the Original Glazed donuts – a freshly baked donut, glazed in an extraordinary sugar.
History of the Krispy Kreme Franchise
Krispy Kreme originated back in the year 1937, which was born through the dreams of a young man named Vernon Rudolph. Back then, he rented a small warehouse in North Carolina to sell donuts which was his entrepreneurial dream. His donuts have a smell that captured the people’s sweet tooth. Rudolph’s donuts instantly became a hit because of its simplicity yet delicious taste and later on have expanded into a number of branches locally and internationally.
Since then, Krispy Kreme became a global brand over sixty years and is still an active player in the donut industry. In fact, Krispy Kreme’s donuts have remained everyone’s favourite donut that both the youngsters and the adults can’t help but close their eyes every time they take a bite.
Krispy Kreme landed on the Philippines eleven years ago, which was franchised by Real American Donut Company Inc. – owned and operated by the principal owners of Max’s. The first ever branch in the country was located in Bonifacio High Street in Bonifacio Global City, Taguig. Krispy Kreme was well loved by the Filipinos which later on led to having more branches in different parts of the country. Because of this, there are a lot of aspiring entrepreneurs who are interested to make a living through donuts. If you are one of those interested candidates, do take note of the following information:
Krispy Kreme Franchising in the Philippines: Information
Before a candidate is allowed to avail a Krispy Kreme franchise, there are a lot of factors to be considered whether the candidate can afford things such as:
- Real estate cost
- Store type and size
- Cost of the construction of the store
- Operating and labor expense
- Importation costs and availability of the ingredients
- Upfront territorial fee
In case you are wondering, the initial franchise fee of Krispy Kreme is in dollars and can cost from $12,500 to $25,000, not including the other fees to be paid. In Philippine currency, that’s about Php498,000 to Php1,245,000. The kiosk and the fresh shop priced at $10,000, while the Flagship Factory Store is $25,000.
The initial investment ranges from $275,000 to $1,911,250. If it will be converted in Philippine peso, that’s Php13,695,000 to Php95,180,250. Also, there is a royalty fee of 4.5% of gross sales and advertising fee of 5% of gross sales.
If you are financially capable to franchise from Krispy Kreme, the company will gladly entertain your application. First of all, a candidate needs to complete the online application in the company website. If the application will be approved, they will inform the franchising fee to be paid and will disclose the amount in exact.
Mr. Jimmy Fuentebella, Chairman
Ms. Veronica Bejasa, Business Development Associate
Phone : 784-9000 loc. 1502/1409