What does the D.P. stand for in D.P. Dough?
D.P. Dough was founded by Dan Haley and his mother, Penny. They put their initials together and D.P. Dough was born.
What is the process for opening a D.P. Dough franchise?
Good question. See our Steps to Opening Page.
What are the financial requirements to own a D.P. Dough franchise?
You will need a minimum of $125,000 in liquid net worth (non-borrowed personal resources consisting of cash, marketable securities, stocks, and mutual funds) and at least $400,000 in total net worth to open a D.P. Dough restaurant. If you have that much in liquid capital and net worth, then it will put you in a good position to handle the initial start-up costs and to be able to secure financing if you need it. We do not offer financing. However, the D.P. Dough franchise agreement has been pre-approved by the Small Business Administration through the Franchise Registry, making it easier to get a SBA loan to open a D.P. Dough. Also, D.P. Dough has partnered with Boefly, an online matchmaker between franchisees and banks that lend to franchisees. The cost and financial requirements vary for each franchise because the costs for each franchise varies.
How much is the initial franchise fee?
$30,000 for the first restaurant. ($25,000 for each restaurant after the first restaurant.)
What are the monthly royalty fees?
The Royalty is 4% of net sales and the Advertising fee is 1%.
Are store owners required to operate the restaurant?
The best model for profitability is one where the owner is the general manager of the store. This model saves the labor cost of hiring a general manager and makes sure that someone who is (literally) invested in the store is overseeing it. However, franchisees who are interested in operating multiple units must rely on general managers. We require that the active owner operator be at least a 10% owner of the store.
How much money can I expect to make as a D.P. Dough owner?
The Federal Trade Commission prohibits us from making any specific profit projections for new store owners. You are welcome to speak with individual store owners about their experiences. We will provide you with contact information for individual store owners if we determine that you meet our application criteria. We can provide you with pro forma spreadsheets and allow you to fill in sales and costs assumptions to help you project your likely profitability. As of the end of the financial year of reporting in 2015, our average EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was $105,520. There is no guarantee the your store will perform similarly.
How long will it take to open my D.P. Dough restaurant?
Every location is unique. But, generally, it takes six to nine months from signing the franchise agreement to opening the store. This depends largely on securing financing, finding the right location, local regulations, and the extent of the construction and build out at your new store. See Steps to Opening for more information.
What kind of training will I receive?
You will participate in a three types of training: 10 days of immersion training at D.P. Dough restaurants in Columbus and Athens, Ohio; approximately 10-15 hours of online training, and 19 days of hands-on assistance by D.P. Dough Franchising at your restaurant immediately before and after your grand opening. You will be required to pass a Certified D.P. Dough Operator test at the conclusion of training to be able to open.
Are D.P. Dough franchises only sold in college towns?
Pretty much. We may make exceptions in special cases. But for now, we are focused on locating franchises near colleges and universities. No need to change what works!
Okay, I’m interested. What is my next step?
There is a lot that happens before you go from wanting to own a D.P. Dough to actually doing it. It all starts with you filling out the online application here. To see the rest of the steps, see our Steps to Opening page.