Franchise opportunities compared
Milkshake Factory vs Randy’s Donuts
Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.
Initial investment · Item 7
Milkshake Factory
$510,492 – $772,548
2025 FDD · Item 7 · PDF p. 18Randy’s Donuts
$252,500 – $661,500
2026 FDD · Item 7Initial franchise fee · Item 5
Milkshake Factory
$60,000
2025 FDD · Item 5 · PDF p. 8Randy’s Donuts
Not available
Royalty · Item 6
Milkshake Factory
6% · percentage of Adjusted Gross Sales; second year minimum $1,200 per month; third and subsequent years minimum $1,500 per month
2025 FDD · Item 6 · PDF p. 10Randy’s Donuts
5%
2026 FDD · Item 6 · PDF p. 15Before you compare
- Milkshake Factory figures come from its 2025 FDD and Randy’s Donuts figures from its 2026 FDD, so the years differ.
- Randy’s Donuts discloses more than one business format, so the investment range spans formats; the full report breaks them out.
- Item 19 figures cover the location groups each FDD names (Milkshake Factory: 5, Randy’s Donuts: 3). Different groups are not directly comparable.
Financial commitment
Milkshake Factory
Randy’s DonutsMilkshake Factory
Randy’s Donuts
Milkshake Factory
Randy’s Donuts
Milkshake Factory
Randy’s Donuts
Milkshake Factory
Randy’s Donuts
System scale & health
Milkshake FactoryRandy’s DonutsMilkshake Factory
Randy’s Donuts
Milkshake Factory
Randy’s Donuts
Milkshake Factory
Randy’s Donuts
Milkshake Factory
Randy’s Donuts
Milkshake Factory
Randy’s Donuts
Financial performance (Item 19), by location group
Milkshake FactoryRandy’s DonutsItem 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.
Milkshake Factory vs Randy’s Donuts: common questions
- Which costs less to open, Milkshake Factory or Randy’s Donuts?
- Milkshake Factory: $510,492 – $772,548 (2025 FDD · Item 7 · PDF p. 18); Randy’s Donuts: $252,500 – $661,500 (2026 FDD · Item 7). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Randy’s Donuts. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
- How do Milkshake Factory and Randy’s Donuts royalties compare?
- Milkshake Factory: 6% · percentage of Adjusted Gross Sales; second year minimum $1,200 per month; third and subsequent years minimum $1,500 per month (2025 FDD · Item 6 · PDF p. 10); Randy’s Donuts: 5% (2026 FDD · Item 6 · PDF p. 15). Royalties as disclosed in Item 6; other recurring fees are listed separately.
- Which has more locations, Milkshake Factory or Randy’s Donuts?
- Milkshake Factory: 14 (2025 FDD · Item 20 · PDF p. 56); Randy’s Donuts: 27 (2026 FDD · Item 20 · PDF p. 81). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
- Do Milkshake Factory and Randy’s Donuts disclose financial performance (Item 19)?
- Milkshake Factory has reviewed Item 19 figures for 5 location groups; Randy’s Donuts has reviewed Item 19 figures for 3 location groups. Different location groups are not directly comparable, and revenue is not profit.
Answers restate the reviewed figures above. Not a ranking or recommendation.
Keep researching
Full Milkshake Factory report
Every reviewed fee, Item 19 group, outlet table and territory disclosure
Full Randy’s Donuts report
Every reviewed fee, Item 19 group, outlet table and territory disclosure
