LaMar’s Donuts serves famous, airy, delicious donuts. The company’s slogan is “simply a better donut”. Each day, LaMar’s Donuts presents at least a couple of dozen varieties of fresh, unique donuts. The classic choice – the glazed donut – is critiqued as better than any competitors’ glazed donuts and is just 220 calories. In addition to donuts, the menu features a sizeable beverage selection of coffees and teas.
Full Franchise Information
All franchisees must operate their own business. Half of the franchisees own more than one LaMar’s Donuts unit. Lamar’s Donuts offers its franchisees ongoing support in the form of press releases, marketing support, and regular regional meetings.
Though the company originated in Kansas City, LaMar’s Donuts currently have locations in Colorado, Missouri, Kansas, Nebraska, Arizona, and Alabama.
LaMar’s Donuts Franchise Opportunities - History
After about 30 years of experience manning the fryer at Jack Frost Donuts Company, Ray Lamar opened the first LaMar’s Donuts in 1960. The Kansas City community fell in love with the donuts, and the store sold over 11,000 donuts each day. Due to its reputation, Lamar decided to franchise LaMar’s Donuts in 1993.
LaMar’s Donuts Franchise Cost / Initial Investment / LaMar’s Donuts Franchise Income
LaMar’s Donuts has a franchise fee of $28,500 for a 10-year renewable agreement, although the total initial investment ranges from $300,000 to $500,000. Franchisees must also pay the company an ongoing royalty fee of 5% on all sales. To be considered for a franchise, interested parties must have a net worth that exceeds $350,000, with at least $150,000 available in liquid assets.
LaMar’s Donuts Business Opportunities: Other Information
The donut industry is huge, earning about $10 billion annually. LaMar’s Donuts is a standout amongst a crowded market, having been featured in magazines like The New Yorker, Gourmet, Better Homes and Gardens, Town and Country. Even the famous Zagat survey named LaMar’s Donuts the spot that “perfected the art of the doughnut”.