FDD teardown · Coffee & baked goods
Dunkin': what the 2026 FDD discloses
Franchisor of record: Dunkin' Donuts Franchising LLC · analyzed
The fee stack
Initial franchise fee (Item 5)
p. 32$40,000 – $90,000
Initial investment (Item 7)
p. 53$532,400 – $1,832,500
Royalty (Item 6)
p. 445.9%
Ad fund (Item 6)
p. 445%
Plus 11 other notable ongoing fees disclosed in Item 6 — including continuing advertising fee (caf) - sdos (2.5%, p. 44). The full stack is in the paid report.
Earnings claims (Item 19)
Dunkin' makes a financial performance representation starting on p. 95, stating 13 figures — each tied to the reporting base below.
All 2025 Franchised Restaurants - Average AUV: 1,372,069 (p. 97)
Base (verbatim): There were 8,744 franchised Dunkin' Restaurants (excluding Combo Restaurants) operating in the United States at the end of 2025, of which 1,932 operated at non-traditional locations/SDOs.
All 2025 Franchised Restaurants - Median AUV: 1,297,694 (p. 97)
Base (verbatim): There were 8,744 franchised Dunkin' Restaurants (excluding Combo Restaurants) operating in the United States at the end of 2025, of which 1,932 operated at non-traditional locations/SDOs.
1st Quartile - Average AUV: 2,154,341 (p. 97)
Base (verbatim): There were 8,744 franchised Dunkin' Restaurants (excluding Combo Restaurants) operating in the United States at the end of 2025, of which 1,932 operated at non-traditional locations/SDOs.
The franchisor’s own caveats, verbatim:
- “These financial performance representations do not reflect the costs of sales, operating expenses or other costs or expenses that must be deducted from the AUV figures to obtain your net income or profit.”
- “Some outlets have sold this amount. Your individual results may differ. There is no assurance that you'll sell as much.”
Franchised outlets & turnover (Item 20, p. 104)
| Year | Start | End | Exits | Turnover* |
|---|---|---|---|---|
| 2023 | 8,087 | 8,265 | 166 | 2.05% |
| 2024 | 8,265 | 8,465 | 96 | 1.16% |
| 2025 | 8,465 | 8,744 | 81 | 0.96% |
*Computed by FDDLens from the disclosed table: (terminations + non-renewals + reacquired + ceased-other) ÷ outlets at start of year. Not a figure the franchisor states.
Dunkin'’s 2025 franchised-outlet turnover: 0.96%. Median across the 4 FDDs in our corpus: 3.92%. Both computed the same way from each filing’s Item 20 table.
Litigation (Item 3)
4 disclosed matters (p. 26).
How this teardown was produced
Analysis of Dunkin''s 2026 FDD as filed with the Minnesota Department of Commerce (CARDS); analyzed August 2, 2026. Our analysis of the franchisor's own disclosures, not the company's claim. Not legal or investment advice — bring it to a franchise attorney.
Every figure was extracted from the filed document and carries the PDF page it came from. Statistics — turnover rates, exit totals — are computed by us from the disclosed Item 20 table cells, never taken from anyone’s summary. FDDs are public records once filed with a state registry.