Krispy Kreme was founded in 1937 by James ‘Papa’ Krispy. In the time since they have become a truly international brand.
Although Krispy Kreme doughnuts have been around since 1937, Brits have only enjoyed them since the first outlet landed in the posh department store, Harrods, in 2003. Since then, the brand has gone from strength to strength. There are now UK outlets spanning 130 stores, 1,000 supermarkets, and online via food delivery providers.
Of the 640 Krispy Kreme outlets worldwide, 564 are Krispy Kreme franchise businesses, which is set to grow significantly over the next few years. The Krispy Kreme franchise is such a draw that the legendary basketball player and commentator Shaquille O’Neal owns several of the brand’s franchises.
Does Krispy Kreme Franchise in the UK?
We’ve got good news for any UK entrepreneurs looking to start a Krispy Kreme franchise.
Since 2003, it is possible to buy a Krispy Kreme franchise in the UK.
The Krispy Kreme franchise opportunity for the United Kingdom includes a Krispy Kreme store, shop, kiosk, concession stand, cart, and/or mobile van franchise. All of these are based on their highly profitable business model.
The Krispy Kreme franchise is famous for its doughnut varieties and bread. The company uses fresh ingredients to ensure that its products are top quality and delicious. They have over 35 unique flavours, as well as a range of coffee beverages, desserts, and ice creams to complement the taste.
What is a Franchise Business?
Franchising is a prevalent business model, particularly within the food and drink industry. Rather than going through the considerable expense and hassle of starting a business from scratch without any guarantee of success, franchising allows budding entrepreneurs to buy into existing, successful brands to open their own branches or outlets.
After paying an initial fee, (which varies widely from business to business), the new business owner (the franchisee) will have access to the brand’s reputation, logo, and ready-made customer base, as well as training and support.
To become a franchisee, you are responsible for paying a percentage of your sales or profits to the company (the franchisor) each month and adhering to the guidelines set out by the company when running your business.
The benefit of franchising is that it’s often cheaper than launching a brand-new business and cuts out the risk of failure, as consumers already know and love the brand.
How Much Dough? Krispy Kreme Franchise Costs
Although fees vary slightly from location to location, you’ll generally need an investment of at least £20,000 if you want to get on board with Krispy Kreme. This initial investment will cover the fresh shop, factory store, or tunnel oven shop. The company will usually also require that you have a certain amount of liquid assets under your belt when starting your business.
Once you’re frying up a storm with your Krispy Kreme business, you can expect to pay the franchisor around 4.5% of your turnover in running fees.
How to Start a Krispy Kreme Franchise?
You can do this by applying directly through the Krispy Kreme website. If successful, you’ve taken a big step toward opening your own store.
Thankfully, the franchise won’t throw you in the deep end. You’ll have all kinds of support to help you get started.
Krispy Kreme Job Support
As a Krispy Kreme franchisee, you’ll receive ongoing support and training from the franchisor throughout your term.
Immediately after signing up, you can expect a 16-week training period where you’ll learn every aspect of running your Krispy Kreme business, including:
- Marketing
- Customer service
- Business strategy
- Recruitment and training
This training period will also include 12 weeks of hands-on experience running a Krispy Kreme store.
How to Qualify
To qualify as a Krispy Kreme franchisee, you’ll need access cash for your investment fee. You’ll also need experience in either the restaurant industry or the retail sector.
Finally, you’ll need to be self-motivated and have outstanding customer service skills – and present evidence of each. If you’re just starting your franchise journey, peruse Franchise Local. We have a variety of industries, from all at affordable price ranges.
Start Your Krispy Kreme Franchise Today
When you tap into a Krispy Kreme franchise, the sky is the limit. The popularity of this model is growing rapidly and is extremely profitable, with some franchisees taking up to £40,000 per week in busy, city-centre stores.
This franchise is also relatively recession-proof. No matter what’s going on with the economy, consumers won’t usually be willing to forgo their regular sweet treat, even when they’re cutting back on other luxury purchases.
For more information on franchising, follow our expert Tips & Advice. We’ll stock you up with all the franchise info you need, from 2023’s hottest franchises to the reasons you need a franchise business plan.
No matter what business you’re looking into, the franchise world is ripe for the taking. If you play your cards right and stay knowledgeable, you’ll have wonderful success.