Top Story
DCP Merger Means Cost Savings
The chief executive of the new National DCP (NDCP) is not someone who makes promises easily. But, Kevin Bruce is confident of his promise that Dunkin’ Donuts franchise owners will see lower prices between now and end of June—and then again at every six month interval until December 2014. “We’re confident that through our initiatives that we will reduce prices to our members for the next three years as spelled out in the agreement,” said Bruce, who noted how just saying that was such a “good feeling”.
Discussion Topics
Dunkin’ Dounts Franchisee to Install Conference Room in Boynton, FL
Lona O’Connor of the Palm Beach Post reprts that According to the ads, “America Runs on Dunkin’.” But Stan Gordon is opening a Dunkin’ Donuts shop on Gateway Boulevard this fall where he hopes people will not run, but linger awhile and conduct some business. Toward that end, this shop will include a conference room. [...]
Independent Franchisee Associations Grow
Stan Turkel posts at BlueMauMau that Experts estimate that there are 300 to 400 independent organized groups of franchisees, which are increasing. Julie Bennett of Franchise Times reports in the September issue that they range from “giants like the North American Association of Subway Franchisees serving almost 24,000 domestic units and run by a professional staff in Fairfield, Connecticut, to Expetec… an association of 24 franchisees.”
DDIFO Insider
Financing Sponsors Rustle Up Success for Dunkin’ Donuts Franchisees
Every Dunkin’ Donuts franchise owner is unique—indeed, every shop is—and as such, each has different financing needs. With a dozen financing Sponsors currently on board and more in the pipeline, DDIFO is delivering connections to a variety of lenders that offer particular specialties to meet the diverse and distinct funding demands of its members. Whether [...]
Franchise Owners News
Atlantic County, NJ, Dunkin’ Donuts King Arun Mandi
Kevin Post of The Press of Atlantic City reports that Dunkin’ Donuts franchise owner Arun Mandi was on the threshold of what many people consider a dream career in computer engineering. But instead, Mandi decided to work in quick-service restaurants, better known as fast food to consumers.
Legal Updates
Why Debit Card Fees are Higher Than Ever
In 2010, franchisees won a long, hard-fought battle against the finance industry, as Congress passed a bill which would regulate the exorbitant debit card fees that were being set by credit card companies and banks.Today, it appears that the battle has just begun. Some unintended consequences began to take shape in late June 2011, when [...]
Brand News
Dunkin’ Brands: Menu, marketing drive 3Q sales growth
Nation’s Restaurant News reports that Dunkin’ Brands Group Inc., parent company of Dunkin’ Donuts and Baskin-Robbins, reported Tuesday a decline in third-quarter income, driven by expenses surrounding its initial public offering in July, but discussed positive sales trends and aggressive expansion plans.
Competitor News
Starbucks Caught Giving Extra Jolt to Coffee Bean Buyers
Martine Powers of the Boston Globe reports that Starbucks was adding about $1.50 to the price of bags of coffee beans weighing less than a pound, never posting the addition to the price.
Legislative Updates
Why Debit Card Fees are Higher Than Ever
In 2010, franchisees won a long, hard-fought battle against the finance industry, as Congress passed a bill which would regulate the exorbitant debit card fees that were being set by credit card companies and banks.Today, it appears that the battle has just begun. Some unintended consequences began to take shape in late June 2011, when [...]
Franchise News
The Fight for ‘Fairness in Franchising’
Jason Daley writes at Entrepreneur Magazine: Imagine owning a small business for 20 years, pouring all your time, money and sweat into achieving a decent cash flow and a little equity. Then imagine getting a contract in the mail stipulating that if you want to continue doing business, you must replace thousands of dollars of perfectly good equipment, adjust suppliers or prices or make a dozen other changes that could destroy your bottom line. And if you don’t sign, you more or less forfeit your life’s work.
IRS Announces New Voluntary Worker Classification Settlement Program; Past Payroll Tax Relief Provided to Employers Who Reclassify Their Workers
From time to time DDIFO is pleased to present Guest Commentary from valued contributors. Guest commentaries feature the views and opinions of the contributor and are not necessarily the opinions of DDIFO and it’s Board of Directors. The following is information submitted by Jim Ventriglia, CPA 145 Phenix Avenue 2nd Floor, Cranston, RI 02920, 401.942.0008, [...]