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Krispy Kreme
As an internationally recognized doughnut chain store, Krispy Kreme has been satisfying the taste-buds of many for 75 years. Offering a wide range of classical doughnuts and seasonal varieties alongside beverages and icy treats, it is their traditional warm glazed doughnut that has defined them for many years. Today Krispy Kreme Doughnuts are sold in store locations as well as supermarkets (like Wal-Mart and Target), gas stations and convenience stores throughout the Untied States as well as in Canada (Loblaws supermarkets and Petro-Canada gas stations), Australia's BP Service Stations and BP Travel Centers, and the UK's Tesco supermarkets, Tesco Extra alongside many other service stations as well as in Hong Kong, Indonesia, Japan, Kuwait, Mexico, the Philippines, Republic of South Korea and United Arab Emirates,. More about the cost of owning a Krispy Kreme franchise below.
Facts & figures
Krispy-Kreme is a privately held doughnut/confectionery franchise. Krispy-
Kreme became public stock in 2000 and a test doughnut-making store in a Wal-
Mart supercenter in 2003. In the same year they also spread to Australia, the
first store outside of North America.
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Krispy-Kreme Franchise Opportunities - History
On July 13th, 1937 Vernon Rudolph opened a quaint doughnut company in Winston- Salem, North Carolina. Starting out only supplying local grocers, the bakery soon began attracting customers in search of a super-fresh, warm glazed snack. During the 1950's the doughnut making process transformed from all hand-cut doughnuts to a smooth mechanized Krispy-Kreme automatic doughnut cutter. In 1962 the doughnut cutting process was again changed to a pressurized dough hopper that pumped dough rings out onto trays. Becoming a wholly owned subsidiary of Beatrice Foods Company of Chicago in 1976, Krispy- Kreme was bought back by a small group in 1986. This did not affect the headquarters which has always remained in Winston-Salem, North Carolina.
Krispy-Kreme Franchise Cost and Initial Investment
Income
The initial investments to opening a Krispy Kreme franchise ranges from $275,000 to $1,911,250. Krispy Kreme franchise applicants must have financial resources to fund multi-unit store development plans including $300,000 in liquid assets. Company-owned locations improved 5.2% to mark the third straight year.
Krispy-Kreme Franchise Business Opportunities: Other Information
In the United States Krispy-Kreme is looking for franchise applicants in Chicago, Buffalo/Rochester, Harrisburg/Lancaster/York and Houston markets. Recently, Krispy-Kreme has focused on expanding outside of the United States and has also added an emphasis on providing hot, caffeinated beverages. Krispy-Kreme has returned to a sustained period of profitability and has a steadily growing international market.
