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Food & Beverage · Brand S2179

Duck Donuts franchise research

Costs by format. Disclosure context. Historical loan evidence. Know what is captured and what still needs diligence.

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Source: FDD issued Not captured · SBA data through Jun 30, 2026 · Automated extraction, not human-reviewed · View all sources

Investment
$394,150 to $628,700
single unit · +1 more
Royalty
6%
6% of weekly Gross Sales, paid Sunday following close of each calendar week
Working capital
$35,000-$55,000
estimated additional operating capital for the first 3 months (rent, utilities, internet, initial payroll/payroll taxes, repairs, bank charges, misc. supplies/equipment, initial staffing costs); excludes owner compensation and debt service.
Units
144
+1 net in 2025
SBA loans approved
54
FY2021 to FY2026 YTD
SBA charge-off share
17.95%
historical, not a failure rate

Investment by format

Estimated initial investment by named format
FormatDisclosed range
single unit$394,150 to $628,700
multi-unit development (minimum 2 outlets)$415,850 to $666,200

Format-specific estimates only. Do not combine one format's minimum with another format's maximum.

Investment sourceFDD p.20 ↗

Franchise fees and ongoing costs

Franchise fee
$40,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review.
Royalty
6% · 6% of weekly Gross Sales, paid Sunday following close of each calendar week
Marketing contribution
2% (basis not captured; see original filing)
Technology fee
$150/month Marketing/Tech Fee plus $250/month POS System Fee
Other fees
Digital Transaction Convenience Fee $0.61 per online order (monthly); Brand Fund Contribution 2% of Gross Sales (may increase to 3%); Advertising Cooperative dues (if/when formed, share of actual cost)
Working capital (FDD Item 7)
$35,000-$55,000 estimated additional operating capital for the first 3 months (rent, utilities, internet, initial payroll/payroll taxes, repairs, bank charges, misc. supplies/equipment, initial staffing costs); excludes owner compensation and debt service.

Fees sourceFDD p.13 ↗

Working capital is drawn from Item 7. The Investment source below locates the investment section, not an independently verified working-capital scalar.

Investment sourceFDD p.20 ↗

Franchise fee sourceFDD · page not captured ↗

Financial performance: Item 19

Item 19 captured
Yes
Metric / basis
Average Gross Sales by performance quartile (top 25%, middle 50%, bottom 25% of outlets) and for the affiliate-owned outlet; food cost as % of Gross Sales
Reporting period
Calendar year 2025 (narrative states data covers outlets open Jan 1, 2025 through Dec 31, 2025, though a sub-heading in the FDD text is mislabeled 'January 1 – December 31, 2024' — likely a carryover typo; see extraction_notes)
Sample
105 franchised outlets + 1 affiliate-owned outlet that were open as of January 1, 2025 and operated continuously all year (excludes 42 franchised outlets not open the full year, 6 food trucks, 1 arena, and 16 international outlets)
Reported average
Not captured
Reported median
Not captured

Owner income is not captured. Gross sales and EBITDA are not owner pay. Results depend on the disclosed metric, sample and period; consult the full filing.

Item 19 performance sourceFDD p.47 ↗

Unit growth: Item 20

Reporting year
2025
Scope
franchised outlets
Starting outlets
143
Year-end outlets
144
Net change
+1
Derivation
ending minus starting outlets
Openings
23
Terminations
6
Non-renewals
0
Other closures
14
Reacquisitions
1
Transfers
16

Transfers are not closures. Net change is ending minus starting outlets for the stated scope and year, or complete openings less terminations, non-renewals, other closures and reacquisitions. Missing inputs stay unknown.

Unit growth sourceFDD p.49 ↗

SBA loan history

Loan activity
54 approvals
Activity window
FY2021-FY2026 YTD; snapshot 2026-06-30
Median SBA loan
$524,000
Median loan window
FY2023-FY2026 YTD through 2026-06-30
Median loan sample
41 loans
Historical charge-off share
17.95%
Cohort
7(a) FY2010-2019 approvals
Numerator / denominator
7 / 39
Formula
CHGOFF / (PIF + CHGOFF + EXEMPT) × 100

This is a historical loan-level share, not a franchise failure probability or location survival rate. Loan size is not total investment. Other loan statuses are excluded from the seasoned denominator. Activity combines 7(a) and 504 approvals, excluding canceled and not-funded records; this is not a rolling five-year count. FY2024-25 franchise tags are sparse after directory suspension; fewer tagged loans do not establish brand decline. Recent charge-off cohorts are immature.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median loan amounts are financing context, not startup cost. The median window is separate from the seasoned charge-off cohort.

Median SBA loan sourceSBA data · Jun 30, 2026 ↗

Questions before you invest

How much does Duck Donuts franchise cost?

single unit: $394,150 to $628,700; multi-unit development (minimum 2 outlets): $415,850 to $666,200 These are format-specific estimates, not a guaranteed cash requirement. Franchise fee: $40,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review..

Investment sourceFDD p.20 ↗

Franchise fee sourceFDD · page not captured ↗

How much do Duck Donuts owners make?

Owner income is not captured. Gross sales and EBITDA are not owner pay. Item 19 metric: Average Gross Sales by performance quartile (top 25%, middle 50%, bottom 25% of outlets) and for the affiliate-owned outlet; food cost as % of Gross Sales. Sample: 105 franchised outlets + 1 affiliate-owned outlet that were open as of January 1, 2025 and operated continuously all year (excludes 42 franchised outlets not open the full year, 6 food trucks, 1 arena, and 16 international outlets). Period: Calendar year 2025 (narrative states data covers outlets open Jan 1, 2025 through Dec 31, 2025, though a sub-heading in the FDD text is mislabeled 'January 1 – December 31, 2024' — likely a carryover typo; see extraction_notes).

Item 19 performance sourceFDD p.47 ↗

What's the SBA charge-off rate for Duck Donuts?

17.95%; numerator / denominator: 7 / 39. Historical 7(a) FY2010-2019 approvals; CHGOFF / (PIF + CHGOFF + EXEMPT) × 100, snapshot 2026-06-30. This is not a franchise failure probability. Median SBA loan: $524,000; window: FY2023-FY2026 YTD through 2026-06-30; sample: 41 loans. Median financing is not total investment.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median SBA loan sourceSBA data · Jun 30, 2026 ↗

Sources and data details

Every figure above links to the page of the filing it was read from. These are the document IDs, page pointers and checksums behind them, for anyone who wants to audit the data.

Show document IDs, page pointers and hashes
Fees

Original source · FDD issued: Not captured; Registry received: 04/27/2026
Document: 36267-202604-07; document SHA-256: ed46b0c2e76df567b8bc094ceaea8fbc8b2f28e4c982d840a58b541ffb714088
PDF page: 13; pointer: scalar-page-match. Not independently reviewed.
Dataset generated: 2026-10-03T02:32:20.074756+00:00; dataset version: f8a919ba13aeff8e04da22842f084c7fb459e532543a173426eaa34a86deca5d

Investment

Original source · FDD issued: Not captured; Registry received: 04/27/2026
Document: 36267-202604-07; document SHA-256: ed46b0c2e76df567b8bc094ceaea8fbc8b2f28e4c982d840a58b541ffb714088
PDF page: 20; pointer: scalar-page-match. Not independently reviewed.
Dataset generated: 2026-10-03T02:32:20.074756+00:00; dataset version: f8a919ba13aeff8e04da22842f084c7fb459e532543a173426eaa34a86deca5d

Franchise fee

Original source · FDD issued: Not captured; Registry received: 04/27/2026
Document: 36267-202604-07; document SHA-256: ed46b0c2e76df567b8bc094ceaea8fbc8b2f28e4c982d840a58b541ffb714088
PDF page: Not captured; pointer: source-known-page-unknown. Not independently reviewed.
Dataset generated: 2026-10-03T02:32:20.074756+00:00; dataset version: f8a919ba13aeff8e04da22842f084c7fb459e532543a173426eaa34a86deca5d
Enrichment generated: 2026-10-03T11:34:53.025030+00:00

Item 19 performance

Original source · FDD issued: Not captured; Registry received: 04/27/2026
Document: 36267-202604-07; document SHA-256: ed46b0c2e76df567b8bc094ceaea8fbc8b2f28e4c982d840a58b541ffb714088
PDF page: 47; pointer: section-page-match. Not independently reviewed.
Dataset generated: 2026-10-03T02:32:20.074756+00:00; dataset version: f8a919ba13aeff8e04da22842f084c7fb459e532543a173426eaa34a86deca5d

Unit growth

Original source · FDD issued: Not captured; Registry received: 04/27/2026
Document: 36267-202604-07; document SHA-256: ed46b0c2e76df567b8bc094ceaea8fbc8b2f28e4c982d840a58b541ffb714088
PDF page: 49; pointer: scalar-page-match. Not independently reviewed.
Dataset generated: 2026-10-03T02:32:20.074756+00:00; dataset version: f8a919ba13aeff8e04da22842f084c7fb459e532543a173426eaa34a86deca5d

SBA loans

Original source · SBA snapshot: 2026-06-30
Document: FOIA_7a_FY2010_FY2019_asof_260630.csv; document SHA-256: 01a3e2c7988a6f4052e53f218a309feb2ec2fe42887bebdc0fa94ac8b1024ade
PDF page: Not captured; pointer: raw-aggregate-recomputed. Not independently reviewed.
Dataset generated: 2026-10-03T02:32:20.074756+00:00; dataset version: f8a919ba13aeff8e04da22842f084c7fb459e532543a173426eaa34a86deca5d
Input document hashes: FOIA_7a_FY2010_FY2019_asof_260630.csv: 01a3e2c7988a6f4052e53f218a309feb2ec2fe42887bebdc0fa94ac8b1024ade; FOIA_7a_FY2020_Present_asof_260630.csv: 6c1e9132b5141a19f82bdc8ccafb86c9a01662461cad41ddb36a3cf409d8a4fe; FOIA_504_FY2010_Present_asof_260630.csv: 8c0e15414217254bcde2a253a8f17418b3dc65ce78dbc56cc1f1ab05c4a05ad4; code_map.csv: df55c53a0afc764ee1507d535a1924a3fab105a6daca0143ca56d9791d385d7b

Median SBA loan

Original source · SBA snapshot: 2026-06-30
Document: FOIA_7a_FY2020_Present_asof_260630.csv; document SHA-256: 6c1e9132b5141a19f82bdc8ccafb86c9a01662461cad41ddb36a3cf409d8a4fe
PDF page: Not captured; pointer: raw-median-recomputed. Not independently reviewed.
Dataset generated: 2026-10-03T02:32:20.074756+00:00; dataset version: f8a919ba13aeff8e04da22842f084c7fb459e532543a173426eaa34a86deca5d
Input document hashes: FOIA_7a_FY2020_Present_asof_260630.csv: 6c1e9132b5141a19f82bdc8ccafb86c9a01662461cad41ddb36a3cf409d8a4fe; code_map.csv: df55c53a0afc764ee1507d535a1924a3fab105a6daca0143ca56d9791d385d7b
Enrichment generated: 2026-10-03T11:34:53.025030+00:00
Program: 7(a); Amount column: GrossApproval