Dunkin’ Donuts is considering expanding their business thorough Iowa, particularly in Des Moines, Sioux City and Cedar Rapids. Last year, the coffee and bakery chain opened 574 new locations worldwide and committed to franchising 226 new stores in the United States. The company is also expanding their franchise into new markets like airports, universities and sports arenas.
Grant Benson, CFE and vice president of franchising and market planning, stated, “Dunkin’ Donuts is looking for qualified candidates with foodservice, operations and real estate experience to join our team to help expand the brand’s footprint in Des Moines and the surrounding areas.” Company officials say that franchisee financial and experience qualifications will vary depending on the market. However, potential Dunkin’ Donuts franchisees are expected to have a minimum net worth of $500,000 and liquid assets amounting to $250,000.
If you are considering entering into a franchising agreement with another party, contact the Des Moines franchise drafting lawyers of LaMarca Law Group, P.C. at (877) 327-2600 to learn more about franchise drafting in Des Moines.