Leading coffee and baked goods brand Dunkin' Donuts has just inked a multi-unit development agreement with Finely Grounded Inc. Under the deal, the franchisee group will develop two new franchise businesses in Phoenix, Arizona, and the first is already slated for a 2017 opening.
Jason and Gina Kaiser of Finely Grounded Inc have been franchisees with Baskin-Robbins, a Dunkin' sister brand, since 2012. They own and are currently operating five Baskin-Robbins stores in Arizona, one of which is a non-traditional location. The husband-and-wife team are also planning to open two more non-traditional Baskin-Robbins stores in the Grand Canyon State.
Gina Kaiser said the group is proud to join the coffee shop brand as franchisees and looking forward to serving the local community and increasing the brand's Phoenix footprint. Mrs. Kaiser also cited the Dunkin' corporate team's support as crucial in the franchisee group's success in Arizona so far.
One of the leading quick service restaurant brands worldwide, Dunkin' Brands has more than 19,000 locations in over 60 countries. There are still franchise opportunities available in many markets, and there are even special financial incentives available for standalone Baskin-Robbins locations in Phoenix. These incentives include a reduced royalty rate for the initial five years and 50 percent off of the franchise fee. The total investment and franchisee fee for one of these franchise opportunities depends on several factors, including brand, location and format. Franchise fees range from around $40,000 to $90,000, and the total investment averages from $217,300 to $1,637,700.