The donut brand has signed an area development agreement with The Great Restaurant Group Co. LTD
Duck Donuts has announced the signing of an area development agreement in Thailand with franchisee The Great Restaurant Group Co. LTD. This agreement gives the franchisee the right to develop the brand across Thailand. Duck Donuts expects the deal to return at least 10 locations across the country over the next five years, with the first expected to open in late 2022 in Bangkok.
“Thailand’s landscape is full of dessert cafés and with the growth of the country’s social and economic development, this presents a great opportunity for new businesses such as Duck Donuts to be successful in the Thai market,” said Betsy Hamm, CEO of Duck Donuts.
“We are looking forward to partnering with The Great Restaurant Group and leveraging their knowledge of the Thai market as we begin to introduce Duck Donuts throughout the country.”
The Great Restaurant Group Co. LTD. is headed by Joseph Kim, who has strong experience in hospitality management. He launched K-stEAT in 2020, a Korean food hall in Thailand comprised of 11 brands from Korea with over 10,000 sq. ft of retail space.
“Thais love their desserts, and Bangkok, the most populous city of Thailand, has a passion for food, a unique cosmopolitan vibe, multiculturalism and a flourishing culinary scene,” said Kim.
“Duck Donuts offers a well-known treat, but in a different way with its fresh donuts and made-to-order options, a concept that will make a great addition to the vibrant Bangkok community,”
Thailand is an upper middle-income country and the second largest economy in ASEAN after Indonesia. Its gross domestic product (GDP) in 2021 was $513 billion[1], growing 1.6 percent from the previous year.
As a fertile market for diverse industries, especially for the F&B industry, it is even more dominant because the flavor characteristics of dishes in Thailand have been recognized for decades. Thanks to the prosperity in the cuisine, the franchise business grows even more.
Prominent brands with high growth potential include Mango Tree, Mango chilli, Coca, and Yenly Yours.
Mango Tree
Personalizing the diners’ experience is also a long and creative process, as a result Mango Tree offers brands for different personalities and target customers:
Mango chili
The goal of bringing Thai street food culture to global visitors with a more upgraded version of the simulated space like Thai streets as well as customer service is gradually being realized by MANGO CHILI.
Coca restaurant
Things that make COCA brand stronger than ever at this time
Yenly Yours
Yenly is gradually becoming a fast-growing chain of stores in today’s market by providing key elements for franchisees:
VF Franchise Consulting is a uniquely experienced franchise consultancy (brokerage) with extensive franchise sales, marketing, and operations experience throughout Southeast (South East) and Asia Pacific. Our senior management team has over four decades of international experience in the USA, Asia, and Australia. We specialize in franchise sales and marketing, franchise brokering and operations, strategic business planning, general business development, franchise operations, training, commercial real estate, and project management.
VF Franchise Consulting also offers assistance in establishing Distribution partnerships, Joint Venture (JV) partnerships and Direct Investments for international organizations that wish to enter Southeast (South East) and Asia Pacific.