DonutNVFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A DonutNV franchise requires a total initial investment of $185K – $337K, including a $60K franchise fee. Per the 2025 FDD, average unit revenue was $160K[2]. SBA 7(a) loans show a 2.9% charge-off rate across 35 loans[1]. Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $185K – $337K
- 9th pct Service Resta…
- Avg gross sales
- $160K
- 0th pct Service Resta…
- Royalty
- N/A
- Units
- 144
- 43rd pct Service Resta…
- SBA default
- 2.9%
- system-wide median varies by category
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
At 0.6x revenue per dollar invested, this system underperforms the typical 1.5-2.5x range.
The system grew 45% year-over-year. Fast growth means demand, but can strain support.
52% cash-on-cash return (based on Adjusted Net Profit). Above the 20% threshold most investors target.
Bottom line
- Total investment $185K – $337K including a $60K franchise fee.
- Average unit revenue of $160K/year (median $124K), with an estimated 52% cash-on-cash return (based on Adjusted Net Profit).
- Verdict B (Above Average) with a risk score of 57/100. SBA loan charge-off rate of 2.9% across 35 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- Bankruptcy history disclosed in the FDD. Review Item 4 for details before proceeding.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- DonutNV Franchising, Inc.
- Incorporated in
- FL
- HQ
- 3745 S. Hwy 27, Suite A, Clermont, FL 34711
- Auditor
- DA Advisory Group PLLC
- Audited financials
- Franchisor revenue
- $1.9M
- vs $4.2M prior year
Affiliated brands
- Keystone Amusements IP Holdings
- Keystone Manufacturing
- Keystone Amusements Provisioning
- has the same business address as us
Other brands the franchisor or its parent operates (Item 1).
Overview
About
DonutNV franchisees operate quick-service donut shops, managing daily production, retail counter sales, staffing, and inventory. Operations typically include early-morning production shifts, customer service during peak breakfast/coffee hours, and point-of-sale management in street-level or mall locations.
- CEO
- Amanda Gingold
- Headquarters
- FL
- Founded
- 2018
- FDD year
- 2025
- States available
- 28
FDD Item 7 · 2025 filing · 23 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $60K | $60K | |
| Technology Setup and Marketing Package | $2K | $2K | |
| Tow Vehicle | $0 | $3K | |
| Vehicle Trailer, Equipment, and Supplies | $115K | $125K | |
| State Specific Trailer Upfit | $0 | $20K | |
| Delivery of Trailer | $0 | $6K | |
| Rent and Utility Deposits | $0 | $9K | |
| Furniture | $0 | $500 | |
| Computer and Software | $30 | $3K | |
| Additional Opening Inventory | $100 | $5K | |
| Insurance Deposits and Insurance Premiums (up to 12 months) | $5K | $10K | |
| Pre-opening Travel Expense to Attend Training | $2K | $5K | |
| Market Introduction Program | $500 | $500 | |
| Professional Fees (lawyer, accountant, etc.) | $500 | $3K | |
| Business Permits and Licenses | $50 | $2K | |
| Printing, Stationery and Office Supplies | $0 | $500 | |
| Additional Funds (for first 3 months) | $5K | $20K | |
| Food Truck | $110K | $190K | |
| State Specific Food Truck Upfit | $0 | $20K | |
| Delivery of Food Truck | $0 | $6K | |
| Total initial investment | $362K | $553K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$14K
9.0% margin
Unlevered ROIC
5%
EBITDA / total invested capital
Payback
19.0 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $185K – $337K
- Better than avg vs category
- Liquid capital req'd
- $5K – $20K
- Better than avg vs category
- Franchise fee
- $60K – $60K
- Near category avg vs category
- Royalty
- $750 per month per unit
- Ad fund
- $200
- Payback period
- 1.9 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Technology fee | $300 |
| Transfer fee | $10K |
| Renewal fee | $15K |
Financial Performance
- Avg gross sales
- $160K
- Per unit, per year
- Median gross sales
- $124K
- Avg adjusted net profit
- $135K
- Reported as Adjusted Net Profit in FDD Item 19
- Cash-on-cash
- 51.6%
- Based on Adjusted Net Profit / investment midpoint
- Item 19 type
- Actual Performance
- Sample size
- 45 units
- vs category median 13 · large
- Range (low → high)
- $13K→$697K
- Cohort dispersion (min → max)
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 1264 Full-Service Restaurants brands
Revenue is only 0.6x the investment. This means each unit may take 5+ years to recoup the initial outlay at typical margins.
vs Full-Service Restaurants averages
How DonutNV Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 144
- Opened
- 51
- Last reporting year
- Closed
- 4
- Turnover rate
- 2.8%
- Company-owned
- 2
- Corporate units in the system
- % franchised
- 99%
- vs corporate-owned
- Net growth (yr3)
- +44.9%
- Net unit change last year
3-year detail · Item 20
- Transfers (3yr)
- 20
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 30 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 35
- Loan volume
- $6.2M
- Median loan
- $192K
- 50th percentile
- Charge-off rate
- 2.9%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 83.3%
- 5-yr charge-off
- 16.7%
- Loans approved 2021+
- Active lenders
- 7
- Defaults
- 1
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into DonutNV's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 7 lenders with concentration factor
- Per-state charge-off rates across 12 states
- Startup risk premium and job creation velocity
- 4-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
DonutNV presents elevated risk due to undisclosed profitability metrics, going concern warning, aggressive expansion without validated unit economics, and high capital requirements relative to disclosed revenue.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Bankruptcy (Item 4)
Disclosed in last 7 years
Bankruptcy Code; (b) obtained a discharge of its debts under the bankruptcy code; or (c) was a principal officer of a company or a general partner in a partnership that either filed as a debtor (or had filed against it) a petition to start an action under the U.S. Bankruptcy Code or that obtained a
Audited financials (Item 21)
Yes · DA Advisory Group PLLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: No
Score breakdown · what drove the 57 / 100 rating
- 01MEDNet income not disclosed in FDD Item 19 — unable to validate profitability claims against $159,707 average revenue
- 02HIGHGoing concern status is FALSE — indicates franchisor financial stability uncertainty or structural issues
- 03MINORHigh initial investment ($184,930–$337,250) with fixed $750/month royalty regardless of sales performance creates cash flow risk
- 04MINORAggressive unit growth (44.9% YoY) may indicate oversaturation, unsustainable recruitment, or poor unit retention masking closures
- 05MINORFranchise fee ($59,500) represents 32% of minimum investment — high upfront cost relative to startup capital
- 06MINORProtected territory claims lack specificity — no data on territory size, population density, or exclusivity enforcement
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Population-based/Zip Codes |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Florida |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 12 hrs
- On-the-job training
- 28 hrs
- Training location
- On-site and corporate
- POS system
- Square and Flash Order
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Square and Flash Order
Item 20 · call current owners
Franchisee Contacts
137 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
DonutNV · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a DonutNV franchise?
The total investment to open a DonutNV franchise ranges from $185K – $337K, with an initial franchise fee of $60K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do DonutNV franchise owners earn?
According to Item 19 of the DonutNV FDD, the average gross sales per unit is $160K. The median is $124K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is DonutNV's franchise failure rate?
Based on SBA 7(a) loan data, DonutNV has a charge-off rate of 2.9% across 35 loans, meaning 2.9% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many DonutNV franchise locations are there?
As of their most recent FDD filing, DonutNV has 144 total units in the United States, including 16 franchised units and 2 company-owned units. 51 new units were opened in the latest reporting year.
Is DonutNV a good franchise to buy?
FranchiseVerdict rates DonutNV as a B-grade franchise with a risk score of 57 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.