Randy's Donuts franchise
2023 filing · June 5, 2023GrowingShares sales figures
Randy's Donuts at a glance
A donut shop from the Los Angeles original with the giant rooftop donut, baking donuts fresh and serving coffee. At the end of 2022 there were 13 Randy's Donuts locations in the US, 5 franchised and 8 company-owned, so most are run by the company itself.
The business
- Franchisor
- Quad Queens LLC
- The company that sells the franchises
- Current franchisor selling since
- 2019
- 4 years of selling franchises
- Franchisor based in
- Inglewood, California
What you pay
- Cost to open
- $606K–$749K
- An in-line Randy's Donuts shop without a drive-thru
- Franchise fee
- $35,000
- Or $25,000 for a second or later shop
- Royalty
- 5%
- 5% of weekly gross sales
- Brand fund
- None now
- Up to 4% of weekly gross sales; not charged at present
- Agreement length
- 10 years
- Territory
- Protected
- Protected territory
- Franchisor financing
- None offered
Where it is
- US locations, 2022
- 13
- Franchised and company-owned
- Franchised
- 5
- Company-owned
- 8
- Change in 3 years
- +5
- Franchised locations, 2020–2022
- States
- 2
- Most in California and Nevada
From Quad Queens LLC’s 2023 filing; revenue and net income from its audited financial statements, page 87; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
Randy's Donuts among all franchises with the same figure.
| Figure | Randy's Donuts | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $677,500 | Costs more than 75% of franchises |
| Franchise feePaid once, when you sign | $35,000 | Lower than 61% of franchises |
| RoyaltyShare of sales paid to the franchisor | 5% | Lower than 69% of brands with a set rate |
| US locationsFranchised and company-owned | 13 | Fewer than 57% of franchises |
How much a Randy's Donuts franchise costs
Opening an in-line Randy's Donuts shop without a drive-thru costs an estimated $606,000 to $749,000. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are construction/leasehold improvements ($350,000 to $400,000) and furniture, fixtures, and equipment ($75,000 to $90,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $35,000 | ||
| One Month’s Rent | $4,000 | $9,000 | |
| One Month’s Security Deposit | $4,000 | $9,000 | |
| Architect Fee | $30,000 | $35,000 | |
| Construction/Leasehold Improvements | $350,000 | $400,000 | |
| Furniture, Fixtures, and Equipment | $75,000 | $90,000 | |
| Surveillance System | $4,000 | $6,000 | |
| Signage | $10,000 | $15,000 | |
| Opening Inventory and Supplies | $7,500 | $12,000 | |
| Point-of-Sale and Computer Systems | $11,000 | $13,000 | |
| Market Introduction Program | $10,000 | ||
| Training Expenses | $10,000 | $15,000 | |
| Travel-Related Expense Reimbursement for On-Site Opening Assistance | $5,000 | $10,000 | |
| Insurance (Annual) | $5,000 | $7,500 | |
| Professional Fees | $2,500 | $7,500 | |
| Business Licenses and Permits | $3,000 | $5,000 | |
| Miscellaneous Opening Costs | $10,000 | $20,000 | |
| Additional funds – 3 months | $30,000 | $50,000 | |
| Total | $606,000 | $749,000 | |
Source: Quad Queens LLC, 2023 filing, page 22
Randy's Donuts franchise fee
The franchise fee is $35,000, or $25,000 for a second or later shop. You pay it when you sign the franchise agreement.
Source: Quad Queens LLC, 2023 filing, page 12
Royalty and ongoing fees
| Royalty | 5% of weekly gross sales. |
|---|---|
| Brand or marketing fund | Up to 4% of weekly gross sales; not charged at present. |
| Online Ordering, Loyalty Program, and Gift-Card Program | Up to $75 per month |
| Local Marketing Spend | Up to 2% of Shop’s monthly Gross Sales (but currently at 1%) |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Quad Queens LLC, 2023 filing, page 14
Other fees as filed, from pages 14–17. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Randy's Donuts publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: Quad Queens LLC, 2023 filing, page 73
- Estimate Estimated yearly sales per location
- $980K–$1.7M
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
SBA loans to Randy's Donuts franchisees
Lenders approved 2 SBA 7(a) loans for Randy's Donuts franchisees from 2021 to 2026, $850K in all. None has been paid off or charged off yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
How Randy's Donuts compares
Of the 14 donut franchises on this site, Randy's Donuts is the 13th cheapest to open and the 10th largest by number of locations.
| Figure | Randy's Donuts | Typical donut brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $606K | $416K | $222K |
| Cost to open, high end | $749K | $652K | $477K |
| Franchise fee | $35K | $40K | $40K |
| Royalty | 5% | 5.9% | 6% |
| US locations | 13 | 42 | 21 |
| Closed or left per year | 25% | 10.3% | – |
| Shares earnings figures | Yes | 9 of 14 | 2,147 of 3,352 |
Typical is the median across the 14 brands in donut franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2020 | 1 (+1) | 4 | +1 | 0 |
| 2021 | 2 (+1) | 6 | +1 | 0 |
| 2022 | 5 (+3) | 8 | +4 | −1 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: coffee franchise costs and franchise failure rates.
Source: Quad Queens LLC, 2023 filing, page 77
Where Randy's Donuts locations are
At the end of 2022, Randy's Donuts had locations in 2 states. The most are in California and Nevada.
- California12
- Nevada1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| California | 5 | 7 | 12 |
| Nevada | 0 | 1 | 1 |
Source: Quad Queens LLC, 2023 filing, page 78
Who owns Randy's Donuts?
Randy's Donuts franchises are sold by Quad Queens LLC.
From Quad Queens LLC’s 2023 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Quad Queens LLC, 2023 filing, litigation on page 12, bankruptcy on page 12
Randy's Donuts filings
The figures on this page come from Quad Queens LLC’s 2023 filing, issued June 5, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | June 5, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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