The minimum investment amount required to open a Krispy Kreme franchise is $440,500 and can go all the way up to $4,115,000. Will you be able to run the business successfully? Once youve filled in and submitted your application, you must wait for it to be reviewed by the team at Krispy Kreme. (Business & Franchise Opportunities By Vetted Biz) How much money does Krispy Kreme make? First is the cost of investment, Krispy Kreme requires a high cost of investment, and profit is always proportional to investment, and there are many studies says that higher investment can make a higher amount of profit. Once you overcome these hurdles, youre set to gain some great profits especially if youre located in a good area with little competition. As we discussed above, Krispy Kreme is a doughnut and coffee shop chain in the USA and offers three different types of franchise opportunities to entrepreneurs. The Benefits of Owning a Neighborly Service-Based Franchise, Brad Stevenson, Neighborlys chief development officer, said, Joining a franchise network like Neighborly provides entrepreneurs with the tools and resources they need to launch and grow their business effectively and successfully. An advocate for compassionate and inclusive elder care, Blom says, "I tell people, you already serve people who identify as LGBT. Franchise Review:How Much Does it Really Cost to Open a Subway Franchise? After the baker developed this highly sought-after recipe, Vernon went ahead and rented a factory in Winston-Salem, or Old Salem, as it was known back then, in North Carolina. You might be the first to open a Krispy Kreme store in your area, but you could find yourself competing with another franchisee down the line. How much does it cost to buy a Krispy Kreme franchise? But first, you must clear the interview process. If you are going to college say you think working at Krispy Kreme is a great way to pay for school and get real-world experience in business. All rights reserved, Krispy Kreme Donut Franchise Review 2022 | What Investors Need to Know. This is why you need to have an average net worth of about $250,000 to $275,000. Krispy Kreme has a franchise fee of up to $25,000, with a total initial investment range of $440,500 to $1,207,500. There are some requirements for accredited investors that should be met before you can apply for a Krispy Kreme franchise. Hes also the owner of multiple franchises and has helped countless brands achieve success online. Health Score 95 out of 100. However, if you delve deeper as to what benefit do you get from this, you might hear that this is a place I can bring my family, said Dwayne Chambers, former chief marketing officer at Krispy Kreme, in a recent Balance Small Business article. Now, Krispy Kreme is one of the most successful and easily recognizable franchises in the world, with stores in countries such as India, Mexico, and Australia, as well as in the Middle East and South America! Mention you love the product and how it is so much better than other competitors such as Dunkin' Donuts. Built on tradition, the Krispy Kreme brand is tightly focused on doughnuts and has created more than 300 varieties over the years to keep customers from getting bored. From 2004 to late 2007, Krispy Kreme did not offer franchises in the United States, according to its franchise disclosure document (FDD). An individual franchise owner's sale is around $3.4 million annually, which works out to $275,000 annual profit. There are around 360 Krispy Kreme locations in the United States in 2021. How Much Does A Dominos Franchise Owner Make? Even the sweetest opportunities demand careful research. Or. Mc Donald's franchise investment costs and fees will be revealed. Eventually, in 1962, they came with the pressurized dough hopper that would produce dough rings into trays, making it much easier for the doughnut cutting process to take place. Krispy Kreme Salary FAQs The average Krispy Kreme hourly pay ranges from approximately $15 per hour for a Crew Member to $38 per hour for a General Manager. Other training areas covered in the second half of the program include assistant general management development, shop development, general manager development and equipment usagewhich all take place in Winston-Salem, North Carolina. Doughnuts: 3.5 Coffee: 3.89 Portion to $: 3 Service: 5- way better than DD, for now BB %: 67 Just the tip: the mini doughnuts are a perfect size, not too much, not too little. Our expert team leverages our in-house digital marketing prowess to find and sell, Oxi Fresh Carpet Cleaning is proud to be the world's greenest and environmentally friendly carpet cleaner! It's reported that the average bakery makes $577 per day. Brian Roh spends about 55 hours each week caring for two clients as a caregiver for FirstLight Home Care in Charlotte, North Carolina, a franchise owned by Mary Ellen and Ken Fleming. Watch the video to learn more about Lorenzos story. Whats the Total Cost (w/ Fees) to Open a McDonalds Franchise? Krispy Kreme donuts can remain fresh for up to 48 hours but will quickly lose their quality and freshness over 4-5 days. How Much Does It Cost to Start a Crumbl Cookie Franchise? Krispy Kreme has the franchise fee of up to $25,000, with total initial investment range of $275,000 to $1,911,250. 1. This is another sign that Krispy Kreme as a company continues to perform well. Krispy Kreme requires franchise owners to have had prior experience working in management experience with restaurants or somewhere in the food industry. Our business model allows franchisees flexibility and potential for a, Own a Restoration 1 Franchise. Development Fee: $25,000 2. Their robust awards program incentivizes, recognizes, and rewards franchisees and employees who go above and beyond. How long do Krispy Kreme donuts stay fresh? This site uses cookies. How Much Does A Whataburger Franchise Owner Make? What is the difference between capital formation and investment? The estimated salary at Krispy Kreme ranges from approximately $17,480 per year for Assistant to $131,140 per year for Information Security Analyst.. However, it contains an impinger oven, and it will generally receive its donut supply from the Commissary Facility or a Factory Store. How much does a Krispy Kreme Franchise owner make? Beginning Monday, July 11, 2022, Krispy Kreme will start giving away 8,500 years of free Original Glazed Doughnuts as part of the brand's 85th anniversary bash. Youd need high traffic whether it be on foot or next to a road. How much does a Krispy Kreme owner make? In 1982, franchisees bought back the company, before it went public in 2000 as Krispy Kreme Doughnuts Inc., according to Entrepreneur. You can store the donut in an airtight container for up to a week but you should try to eat it within the day for maximum texture and flavor. Initial investment starts at $166,350, with the maximum estimated to be $324,100. Yes, a Krispy Kreme franchise is a good investment. Now might be just the right time to jump in! Roh, a retired flight attendant, was recently named Caregiver of the Year by FirstLight corporate office. A change of events happened in 1976 where Krispy Kreme became a subsidiary to Beatrice Foods Company of Chicago. They satisfy sugar cravings at any time of the day, and this wonderful franchise always sells coffee and other beverages that pair perfectly with these sweet and fried balls of dough. ClaimTek is the most trusted Medical/Dental Billing business opportunity, Join the #1 Estate Sale Franchise in the U.S.! Receive updates on the latest and greatest franchises and business opportunities delivered to your inbox each week. This is a lot of money on average for a franchise! 2010-2018 Mobile Cuisine, LLC - All rights reserved. We reserve the right to operate and to grant others the right to operate stores and commissary facilities at any location on such terms and conditions as we deem appropriate it states. . Real Estate and Improvements for 3 Months: $20,000 to $75,000 The ideal Krispy Kreme candidate is a person who loves and appreciates a delicious doughnuts and who has a net worth of $2,000,000. They also charge their franchisees with a royalty fee of about 4.5 per cent of turnover. Can I use my wife bank account for Zerodha? How much does a Krispy Kreme franchise cost? How much does the owner of a Dunkin Donuts make? DrFranchises is a leading digital marketing agency for franchisors and franchisees. The average Krispy Kreme franchise owner can make anywhere from $50,000 to $70,000 per week! How Much Does it Cost to Open a Krispy Kreme? Available on both iOS and Androiddevices. 2023 Franchise Business Review. Owner: JAB Holding Company (2016-present) Number of employees. Franchises and corporations will always have some challenges. When hes not working, Amit can be found playing with his dog. We understand that you might have your doubts about opening a Krispy Kreme franchise, but you can rest assured that your business is likely to be successful, thanks to the large number of people who love and enjoy Krispy Kreme donuts. Getting into a Krispy Kreme franchise is not inexpensive. They also have the opportunity to earn coffee and doughnuts by the dozen, according to the Krispy Kreme website. The franchise fee is $25,000. A Fresh Shop also receives freshly made donuts from a factory store or commissary facility. A successful Krispy Kreme franchise is finding the right location. This means that the store will likely require less marketing and advertising while delivering a large customer base. The time may be extended or reduced depending on the location and condition of the site, the construction schedule, the extent to which an existing location will need to be renovated, the delivery schedule for equipment and supplies, and getting the necessary permits. Dunkin' Donuts Franchise Owners earn $124,000 annually, or $60 per hour, which is 70% higher than the national average for all Franchise Owners at $60,000 annually and 61% higher than the national salary average for all working Americans. Read:How Much Does Subway Franchise Owner Make? How Much Can a Donut Shop Make? More than a doughnut retailer, Krispy Kreme aims to stir up passion and evoke nostalgia. Their doughnuts are dang good because they make it in-house, and no one can match the taste of Krispy Kreme doughnuts. The conveyer belt carries the doughnuts through a vegetable oil bath heated to between 355 and 360 degrees Fahrenheit (about 180 C). Snap-on is a leading global developer, manufacturer and marketer of high-end tool and equipment solutions for professional tool users. Top 15 Most Profitable Franchises to Own In 2023, 18 Cheapest Franchises to Open in 2023(Updated): Low-Cost Franchises. Initial investments: $275,000 - $1,911,250 Liquid Cash Requirement: $300,000 - $3,000,000 Krispy Kreme Initial Investment It also offers some soft drinks, hot drinks, sandwiches, sundaes, and frozen and iced beverages. Headquartered in Winston-Salem, N.C., it is known for its Original Glazed doughnut. Offers Delivery. Right at Home Franchise Owner Paul Blom Provides Inclusive Elder Care Services, Paul Blom believes theres more to caring for people than just providing in-home care services. However, have you ever wondered about how much a Krispy Kreme franchise costs and what the process is like to open your own franchise? Many franchise opportunities offer discounts or support for groups like veterans. Dunkin' Donuts Franchise Owners earn $124,000 annually, or $60 per hour, which is 70% higher than the national average for all Franchise Owners at $60,000 annually and 61% higher than the national salary average for all working Americans. Vernon Rudolph founded the Krispy Kreme Corporation after he bought the companys secret yeasted donut recipe from a French baker in New Orleans. In addition to competition from other donut shops, Krispy Kreme corporate makes prepackaged donuts available in grocery and convenience stores. Their revenue is $ 1.53 billion in 2022. Krispy Kreme produces over $800 million total in their annual sales in revenue. Amit has over 11 years of experience in digital marketing, SEO, email marketing, and social media marketing. In order to open a Krispy Kreme franchise, you must have a net worth of more than $275,000. What Is In And Out Of Scope When Starting A Franchise? A franchise investment requires a personal assessment of your objectives, financial situation, skills, goals, and many other factors. The cost to open a new, Krispy Kreme franchise store, like most franchises, is highly variable. The FDD states it could take as long as 18 months to open a Factory Store and as little as two months to open a Fresh Shop. City Barbeque Menu Prices + $5 Off Coupon (2023), Updated Sizzler Menu Prices + Coupon Codes (2023), Hooters Menu Prices + Free Deep Fried Pickles (2023), 22 EBT-Friendly National Fast-Food Restaurants Accepting SNAP, 510+ (Best & Worst) Tanning Salon Name Ideas to Consider. In addition, franchisees can expect to pay 4.5% in net royalties, payable each week, according to its FDD. Krispy Kreme employees rate the overall compensation and benefits package 3/5 stars. Working Capital: $25,000 to $50,000. 15. To become a franchisee, Krispy Kreme investors should expect to spend anywhere from $440,000 to $4.1 million in initial fees. Krispy Kreme offers three different types of shop opportunities, and all of them have different potential to earn profit. December 12, 2022. 5. Bring the cool taste of the tropics wherever you go! How many Krispy Kreme locations are there in 2021? Be happy, always smile and emphasize on how much you enjoy interacting with people. For any authorized off-premises sales by a store or a commissary facility, 4.5% of net sales. They have 96 franchised locations across eight states, The booming chain experienced a 47% growth over five years, Franchise fee: ranges from $20,000 to $30,000 depending on the store. The company is also slowly expanding their menu with creative options and provide customers with a sort of build-your-own style doughnut. Krispy Kreme doughnuts are hotand not just because they come out of the oven that way. business ownership. Founded in Louisiana in 1978, franchising since 2008. Krispy Kreme's success is due to the relentless entrepreneurial drive of its founder and the company's ability to remain relevant. Some of the advantages of starting a franchise with Krispy Kreme include the fact that Krispy Kreme is a striking brand that has a loyal customer following. Theyre not going to allow any first-timers without any experience to jump onboard. If Krispy Kreme doesnt quite strike the right flavor for you, there are plenty of other food franchise alternatives that offer a lower barrier to entry and deliver tasty investment options. You will need to consider building and real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc. The average Krispy Kreme franchise owner can make anywhere from $50,000 to $70,000 per week! 12. Cost of audit or inspection, includes legal fees, accountants fees, and travel expenses, room and board, per diem charges, and other associated expenses. A secret recipe led to the development of the Krispy Kreme Doughnut Corporation, which was founded in l937 by Vernon Rudolph. Staff wears masks. The estimated total investment necessary to begin the operation of a Krispy Kreme Franchise ranges from $440,500 to $3,410,000 depending on the type of location. Krispy Kreme plans to open 45 new doughnut shops, redesign its existing shops to offer customer-centric experiences, and add new menu items in the coming year. Krispy Kreme enjoys one of the highest market share in the doughnut sector among competitors like Dunkin, Duck Donuts, and Honey Dew Donutswith big plans to both grow and innovate. (Video) Krispy Kreme Franchise Cost Worth It in 2022? To qualify as a franchisee youll need a liquid capital of $300,000. The estimated hourly pay at Krispy Kreme ranges from approximately $7.25 per hour for Occupational Therapist to $23.45 per hour for Maintenance Specialist. Approximately 22,000 are made every day, which is 55,000 a week and 16 million a year. How hard is it to open a Krispy Kreme franchise. Krispy Kreme offers three types of franchise formats: The total initial investment necessary to open a Krispy Kreme franchise is: All retail stores pay a royalty fee and contribute to advertising on the local and national levels. How Much Does it Really Cost to Open a Subway Franchise? Address: 2116 Hawkins Street Charlotte, NC - 28203. This means that their average annual income is around $3 million. A Tunnel Oven Shop is a retail sales space that cant produce large amounts of donuts. Work for a Certified Womens Business Enterprise that distributes delicious frozen fruit bars, breads and snacks to health-conscious families through freezers in third-party locations. Getting into a Krispy Kreme franchise is not inexpensive. When the 1950s came around, the doughnut-making process started to shift from your usual, personally hand-cut doughnuts to a smooth, mechanized Krispy Kreme automatic doughnut cutter. More than an ice cream truck, a Kona Ice truck delivers a fun experience for customers in 48 states. How much does a Krispy Kreme owner make a year? Second, the brand building and goodwill of the business also play a vital role in making a profit. 401K Rollovers, also known as Rollovers for Business Start-ups (ROBS), is a method of financing that allows you to use your retirement funds to finance your business. An individual franchise owners sale is around $3.4 million annually, which works out to $275,000 annual profit. Click here to get a new food business case study with revenue numbers delivered each week. Salaries posted anonymously by Krispy Kreme employees. Speaking of parking, you should also have a decent amount of parking available so customers can come inside the store. An initial investment required to open a Krispy Kreme Franchise is $200,000. Say you are outgoing and enjoy working with customers. Brand: Krispy Kreme. Krispy Kreme donuts are one of mans greatest inventions. Youll also need to have a significant liquid capital to invest ($300,000) in order to get started in the franchise. Krispy Kremes expansion can lead to further growth opportunities. This means that you can sign up for a franchise with only financial responsibility and consider the store a more passive investment. Krispy Kreme will then contact you. A factory store makes fresh donuts that will be supplied to Tunnel Oven Shops or Commissary Facilities. Franchisees can expect to spend anywhere from $440,000 to $4.1 million in initial investment fees, depending on the type of store format they choose. Here is a table of the brief financial requirements to start a franchise with Krispy Kreme. You will need to consider building and real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc. One with many years in business; a smaller franchise system where we wouldn't be lost in the mixas just another number; a brand that would be supportive; one we could work with as a team to the benefit of both parties; an opportunity with a low failure rate; and most importantly and brand that exhibits a desire for excellence in every way, starting at the top, and expects the same from their franchisees., Top Food Franchises to Feed Your Need to Succeed. Before making any investment decision, you need to consider whether this information is appropriate to your situation and needs. How long do Krispy Kreme donuts stay fresh? Their headquarters remain unchanged in Winston-Salem. However, they did not offer entrepreneurs the opportunity to purchase a franchise until 2007. The brand has endured for 84 yearsan impressive run, given the average lifespan of an S&P 500 company was 33 years in 1965 and is forecast to shrink to 14 years by 2026. Finally, by the time the year 2000 rolled around, the company became publicly known as Krispy Kreme Doughnuts Inc. Krispy Kreme franchise owners can make $60,000 $70,000 per week in sales, which works out to $3.4 million in store revenue. Well also walk you through how much the franchise costs, the overall cost breakdown, and how to open your own franchise! Includes more than 77 retail locations across the Midwestern and Southeastern United States. Subsequently, if your franchise application is approved, then you have to spend over 2 months training on-site at the store. The policies are a bit rigid and difficult; you might have to face difficulty clearing the interview, but after clearing the interview, you can generate a good source of income. If you're interested in owning a Krispy Kreme franchise, here's what to know aboutKrispy Kreme's initial financial requirements. How Much Does A Pizza Franchise Owner Make. Join the premier franchise for residential and commercial power washing! We're a premier carpet cleaning business highlighting competitive edges, We build and scale eBay businesses for our clients by helping automate all inventory management tasks, keeping account health in great condition, inventory monitoring, 24/7 customer service, and helping to automate any and all business tasks associated with, We build and scale Amazon stores for our clients by helping automate all inventory management tasks from account health monitoring to 24/7 customer service. Krispy Kreme has the . Before you submit the application to open your franchise, evaluate the market for Krispy Kreme franchises and figure out whether there are enough available markets in the location of your choice. Amit Gupta is the founder of DrFranchises a digital marketing agency that helps brands rank better on Google Maps through local SEO strategies. In 2016, JAB Holding acquired Krispy Kreme for $1.5 billion, bringing it under private ownership once again. Krispy Kreme franchise comes with high earning potential, but they also have some downsides like expanding the product into grocery that can make the future less clear. What should I wear to a Krispy Kreme interview? Will your past experiences help you run this business in the way that you want to? If you are hoping to get loan assistance from the Krispy Kreme corporate office, youll be disappointed. Review our cookies information for more details. Doughnuts are usually deep fried from a flour dough, but other types of batters can also be used. The average salary for a Franchise Owner is $72,286 per year in United States, which is 85% higher than the average 7-Eleven salary of $39,063 per year for this job. These include real estate and building fees, insurance, training costs, costs for various licenses and permits, as well as the cost for uniforms for your staff. While the company experienced robust revenue growth in its last reported quarter, it failed Krispy Kreme (DNUT) has failed to gain investors' confidence since its second market debut last year. This is a fantastic opportunity to level up the most valuable players in your business. In the mid and late 1970s, Krispy Kreme was sold to another company that sold donuts alongside ice cream and soup. If you are looking to make a purely financial investment in one of its stores, Krispy Kreme allows for that. 23. Krispy Kreme Doughnuts Japan operates 45 shops throughout the country as of September 2016. The franchisors reasonable fee plus their managers wages, salaries, travel, room and board, and living expenses during training. To help you better understand the financial aspect of opening a Krispy Kreme franchise, we go over the fees and program options in greater detail. Krispy Kreme Franchise Requirements. Franchisees can expect . Not Sure What Franchise to Start? However, why is it that they make so much if the annual revenue for Krispy Kreme only at around $800 million? How much can you make owning a franchise? Franchisees Dustin and Rebecca Rauch on Operating a Caring Senior Service Franchise, We were looking for a brand with a proven track record. Investguiding is a website that writes about many topics of interest to you, a blog that shares knowledge and insights useful to everyone in many fields. Once those have been verified, you will receive franchise approval. Remember to: Right at Home franchise serves its clients and community by providing in-home companionship, personal care services, and assistance to seniors and disabled adults who want to continue to live independ. Alternative Franchise: Whats the Real Cost to Open a Dunkin Donuts? How much does Krispy Kreme pay in Las Vegas? Although the company does not disclose in Item 19 of its FDD, the typical earnings of what its franchises made, it will allow franchisees buying existing stores access to financial performance records for that location. You will receive a confirmation receipt after youve received a notification stating that your application was successful and approved. Since then, JAB has acquired other popular brands such as Panera and Au Bon Pain, according to Business Insider. We do not share your phone number with anyone other than the specific businesses you are interested in learning more about. I share the latest business news, tools, resources, and marketing tips to help startups and small businesses to grow their business. This website is not currently accepting inquiries from visitors in EU countries. To help you better understand the financial aspect of opening a Krispy Kreme franchise, we go over the fees and program options in greater detail. Krispy Kreme franchise owners can make $60,000 - $70,000 per week in sales, which works out to $3.4 million in store revenue. If making warm, glazed doughnuts is something in your interest and the funds to invest money to back, Krispy Kreme is a proven franchise. This particular doughnut shop has the distinction of being Atlanta's original Krispy Kreme and has occupied its spot on Ponce de Leon Avenue for 60 years. Fhere are many food franchises available that are just as lucrative and offer the same resources, support and training materials as the major brands. No customer would be impressed when theyre at a Krispy Kreme and theyre told Sorry, were out of doughnuts until tomorrow morning when we have the shipment delivered.. You have to spend over 2 months training on-site at the store, along with 15 classroom days to learn about business management and the food industry. For example, the company doesnt require you to be present for day-to-day operations of the franchise. For example, the average Dominoes owner might expect to make between $107,000 to $116,000 per year, according to Glassdoor. Get a trucker hat ! Krispy Kreme is looking for candidates who have experience in running and managing multi-unit food service operations. Krispy Kreme Franchise is a restaurant service company that serves coffee and donuts. When Vernon died in 1973, Krispy Kreme franchises were still up and running. The high demand for senior services allows Senior Care Authority franchise owners to build a financially and personally fulfilling business. 2023 Investguiding. Factory Store: a retail sales facility that manufactures and produces fresh doughnuts on-site. FirstLight Home Care Shines a Light on Caregivers, Provides Bright Futures for Franchise Owners. How Much Does A Chick-Fil-A Franchise Owner Make? Check out this years top rated food franchises. 20. What is the annual revenue of Krispy Kreme? They are: A commissary facility means that you do not operate and run a Krispy Kreme store, but rather a manufacturing facility that makes donuts and other products to supply Fresh Shops or Tunnel Oven Shops, which are the two different types of franchises that Krispy Kreme offers. Average Sales / Revenue per Year Krispy Kreme produces over $800 million total in their annual sales in revenue. You should also be prepared to take part in 16 weeks of off-site training before you open your store. AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY. Since 1986, Checkers & Rallys has been serving American classics such as hot dogs, hamburgers, and milkshakes to millions of happy customers. No financial support services, direct or indirect. However, a small group of franchisers bought back Krispy Kreme to be a private company back in 1986. You dont need to be a seasoned traveler to embark on a new career with Cruise Planners, but you do need to have a passion for travel and for helping others. The company has continued to perform well through the health crisis especially those locations with drive-thru windows. CarePatrol was awarded 27 new franchise agreements in 2021, reaching systemwide revenue growth of nearly 50%. Americans are ready for adventure! Startup costs, however, can range anywhere between $100,000 to millions of dollars. In addition, Krispy Kreme doughnuts can be found in approximately 12,000 grocery, convenience, and mass merchant stores in the U.S. He owns one Krispy Kreme location at Ponce de Leon, Atlanta which was destroyed by arson in February 10, 2021. Learn more now. In July, the doughnut giant opened its first shop in Concord, North Carolina that allows customers to choose different flavors, toppings, and drizzles to make their doughnuts their own, QSR Magazine reports. Initial Franchise Fee: $25,000 3. First, their application process is long and rigorous and requires experience in running and managing multi-unit foodservice operations. At a Krispy Kreme store, the machine turns on at 4am and begins to churn out hot doughnuts. I've been writing for startups and small businesses since 2012. Franchise owners in the restaurant industry earn an average of $82,000 per year, which is pretty solid considering the salary range of a non-franchise restaurant owner can range from $24,000 to $155,000. There are three options to choose from when it comes to the kind of franchise that Krispy Kreme offers.

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