Is the DonutNV Franchise Too Good to be True?
DonutNV franchise opportunity: Big hype for mini-donuts. One of the most-promoted franchises of 2024, the mobile donut & lemonade trailer and food truck franchise is headed by Alex Gingold & Amanda Gingold, sold by Franchise Fastlane, and promoted by seemingly every broker organization including International Franchise Professionals Group (IFPG), Franchise Brokers Association (FBA), FranServe, Franchise Sidekick, Mark Schnurman’s The Perfect Franchise (TPF), and just about everyone else. We ask DonutNV franchisees: Does the DonutNV live up to the hype? by Sean Kelly (email the author at UnhappyFranchisee[at]Gmail[dot]Com)
(UnhappyFranchisee.Com) Seems like every franchise broker, correction, I mean, franchise consultant is excited about DonutNV!
Who wouldn’t be excited about tooling around in a cool food truck or trailer, selling mini-donuts and fresh-squeezed lemonade?
Booking pre-paid events averaging $2,000 or so?
Enjoying low labor-cost, high profit sales with state-of-the-art, practically maintenance-free equipment?
And best yet… Zero Failures!
With Zero Franchise Failures, DonutNV is Risk-Free… Right?
The current DonutNV Franchise Disclosure Document (FDD) is dated April 29, 2024 (as amended November 16, 2024).
Read: DonutNV Franchise Disclosure Document (FDD) 2024
It appears to have been produced and submitted to state franchise agencies by attorney Justin D. Csik, Partner, Corporate & Securities, of Klehr, Harrison, Harvey, Branzburg LLP of Philadelphia, PA.
It’s Item 20 indicates that there have been Zero Failures in the previous 3 years.
Only two franchisees left the system via transfer (sale) during that period (Marshall Moore, Elizabeth Moore, Roswell GA 30075, Andrew Nessler, Christine Nessler North Mankato MN 56003).
The 2023 DonutNV FDD and 2022 DonutNV FDDs also show no failures.
No wonder the franchise brokers are so excited.
Frannet Calls DonutNV “A Runaway Success!”
According to FranNet, “on the first day, it was clear that the concept was a runaway success.”
Franchise Fastlane’s Jennifer Cain sold so many DonutNV franchises she received multiple awards at the Franchoice Summer Conference last year.
Franchise Brokers Association (FBA) on DonutNV: “Proven Business Model,” “Financially Rewarding,” “Low Labor Costs,” “Control over “Profit Margins.”
The Franchise Brokers Association (FBA) states that the DonutNV franchise is “both fun to run and financially rewarding.”
“The business model’s flexibility allows franchisees to book events on their schedule, ensuring they can maximize profitability while maintaining work-life balance.
“What makes DonutNV particularly attractive as a long-term investment is its proven business model… relatively low labor costs and predictable royalty fees.
The flat-rate royalty system, which starts at $125* per week in year one, ensures that franchisees… can enjoy more control over their profit margins.
IFPG states, with “SWEET profit margins,” DonutNV is packed with everything franchisees need to be successful.”
IFPG brokers are proud to have placed multiple candidates with DonutNV!
According to the IFPG: “DonutNV is packed with everything franchisees need to be successful, including a fully interactive turnkey mobile donut shop, marketing support, technology tools for booking events, and full support on licensing and permitting.”
The DonutNV franchise provides the opportunity to invest $189,580 – $272,900 / Single Unit-Food Truck: $264,880 – $337,700 / Multi-Unit-Vehicle Trailer: $374,130 – $520,300 / Multi-Unit-Food Truck: $524,730 – $647,400.
Mark Schnurman’s The Perfect Franchise Promotes DonutNV
What Do You Think? The DonutNV Franchise Seems Too Good to be True! Is It?
Are you familiar with the DonutNV franchise opportunity? With Alex & Amanda Gingold?
Do you know of any DonutNV franchise failures? (Please tell us when & where they closed)
Are you familiar with Franchise Fastlane? With Jake Hamburger? Jennifer Cain?
Which franchise consultant / broker introduced you to this exciting opportunity?
Please leave a comment below or email us, in confidence, at UnhappyFranchisee[at]Gmail[dot]com.
Franchisors: The franchisor, its employees and agents are invited to submit correction, clarifications, rebuttals or other opinions for immediate consideration.
UnhappyFranchisee.com is not associated with this or other franchise company or seller.
Tags: DonutNV, donutNV franchise opportunity, Franchise Fastlane, Alex Gingold, Amanda Gingold, Scott Gingold, Jake Hamburger, Jennifer Cain, donut franchise, Franchoice, FranServe, IFPG, FBA, Franchise Brokers Association, FBA, The Perfect Franchise, Mark Schnurman, Kris Simonich, Andrea Floyd
