The Coffee and doughnut giant sells 2 billion cups of coffee annually
According to Sparta Mayor Jerry Lowery, Sparta will soon be “thinkin’ Dunkin.”
Lowery took to social media Thursday afternoon to spread the word about the doughnut super-chain’s future business with the city. That’s great news for coffee lovers (and doughnut lovers too, if you are into that, but coffee does account for 60% of the chain’s revenue).
The Upper Cumberland Business Journal has learned the store will look to set up in the old Krystal building at 540 West Bockman Way, just a short drive from Sparta’s current favorite doughnut shop, CH Donuts.
“Get excited,” said the mayor, sitting in front of a Dunkin store (somewhere in the Upper Cumberland, I assume). “Doughnuts, Dunkin, coming to Sparta. Have a great day.”
No official announcement has been made by the company but stay tuned for a timeline.
Dunkin, founded as Open Kettle in 1950, opened its 10,000th restaurant in 2001 before being ranked as the top franchise on Entrepreneur magazine’s Franchise 500 ranking in 2020. The chain has 13,200 stores across 40 countries employing more than 250,000 people, according to statistics by enterpriseapps.com. The Coffee and doughnut giant sells 2 billion cups of coffee annually (or 60 cups a second) and 2.9 billion doughnuts. A franchise store, on average, can bring in around $1,290,494 in revenue for freestanding drive-thru locations. Non-drive-thru locations manage slightly less.
That’s a good investment considering for stores like the one in Sparta the initial franchise fee only ranges from $40,000 to $90,000. Dunkin has reported a total revenue of at least $1.4B.
That puts it in the same league as heavyweight fast service restaurants like Mcdonald’s, Chick-fil-A and Starbucks.
“At Dunkin’, the journey from 1950 to today has been more than a chronicle of growth; it’s a testament to our enduring values and commitment to excellence,” said the company in a statement. “Join us in shaping the future of coffee and baked goods – where innovation, community, and quality unite to continue creating what is known to be the best coffee restaurant franchise out there.”
This is an ongoing story. Check back for details.
Photo courtesy of Dunkin.
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