MECHANICBURG, PA (JANUARY 16, 2024)– Duck Donuts was recognized as one of the top 500 franchises in Entrepreneur’s Franchise 500®, the world’s first and most comprehensive franchise ranking. For 45 years, the annual Entrepreneur Franchise 500® has been a highly sought-after honor in the franchise industry and recognized as an invaluable resource for potential franchisees. The 2024 Franchise 500® ranks Duck Donuts as 445 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
“This achievement is a testament to the incredible power of franchising, dedication of our passionate franchise partners and support from loyal guests” said Betsy Hamm, Duck Donuts CEO. “Duck Donuts is about sprinkling happiness through our warm donuts, and it is evident our franchise partners are delivering on this promise throughout the communities we serve. As we celebrate this milestone, we look forward to further growth, innovation, and the sweet moments we'll create together.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s ranking formula continues to evolve as well. The editorial team researches and assesses several factors, including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is then given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranked order.
“Every brand on the Franchise 500 has its own unique story, but they all collectively make the same statement: Franchising is strong and resilient, is full of innovation and opportunity, and provides a powerful entrepreneurial path for many people,” says Jason Feifer, editor in chief of Entrepreneur magazine. “Our 45th annual ranking is full of companies with fresh ideas, exciting business models, cultural sway, and the kind of business sophistication that will define the next 45 years and beyond.”
Over its 45 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Duck Donuts’ position on the ranking is a testament to its strength as a franchise opportunity.
To view Duck Donuts in the full ranking, visit http://www.entrepreneur.com/franchise500 or pick up a copy of the January/February 2024 issue of Entrepreneur on newsstands now.
ABOUT DUCK DONUTSDuck Donuts opened its first locations in 2007 in the beach resort towns of Duck and Kitty Hawk, North Carolina with the intention to create an oasis for vacationers to enjoy warm, delicious, made-to-order donuts. Headquartered in Mechanicsburg, Pennsylvania, the company began franchising in 2013, and prides itself on sprinkling happiness to its guests through its unique in-store experience, exceptional guest service and a duckzillion donut combinations. As one of the fastest-growing donut franchise companies, Duck Donuts has more than 135 locally owned and operated shops across 25 states, Puerto Rico and international locations in Bangkok, Thailand; Edmonton, Alberta; Burlington, Ontario; Doha, Qatar; Lahore, Pakistan; and Cairo, Egypt. For more information, visit www.duckdonuts.com.