Shipley Do-Nuts

Item 7 lays out the initial investment from $503,461 to $1,024,946, covering the $40,000 franchise fee, build-out for high-traffic spots like strip malls, equipment, and initial inventory for donuts, kolaches, and coffee. Ongoing fees hit 5% royalty plus 1% brand fund and $110 monthly loyalty program—competitive for fast food. Item 19 shines with average gross revenue of $928,180 and median $849,273 across units, pointing to strong performers but variability that demands prime locations.

System health looks robust: 355 locations up 5% from 337 in 2023, with 48 projected new units, just 1 termination, and 17 transfers showing stability. SBA records 27 loans averaging $666,267, easing entry for qualified buyers. Litigation centers on franchisor wins against non-compliant ex-franchisees for breaches and post-term competition, no major red flags derailing growth under Leichtman Capital Partners. For multi-unit potential in the $1M range, Shipley's data stacks up well against donut rivals if you nail operations.