Source: Huffington Post
Americans love affair with donuts goes back a long way. It was the Dutch who first brought them to the U.S. calling them oliekoecken. By 1920, donuts were so popular in New York that the donut machine was invented because they couldn’t make them fast enough to keep up with demand. Then, in 1938 the Salvation Army invented National Donut Day to honor the women who served donuts to soldiers during World War I.
Today donuts are big business. It’s estimated that more than 10 billion donuts are made every year, that bring in an annual revenue of approximately $11.6 billion. Krispy Kreme’s alone reported annual donut sales of $108 million in 2011 and Dunkin’ Donuts boasts over 10,500 stores worldwide.
Owning a donut business can be a very wise investment. Donuts are cheap and simple to make; the average cost to make one is about 12 cents, making it one of the most profitable food items. They are also fairly easy to manage and the operating costs are relatively low compared to other food establishments. You can buy a donut business right now on BizBuySell.
“In honor of National Donut Day we thought we’d celebrate by sharing some fascinating history about everyone’s favorite pastry. First off, we must credit the Dutch who brought a tasty treat they called a oliekoecken to the U.S.”