LaMar's Donuts
At a Glance
Products & Services: Donuts, baked goods, specialty coffee
Number of Locations: 29
Total Investment: $300K - 500K
Founded: 1960
Began Franchising: 1992
Private Owned
About LaMar's Donuts
Ray Lamar found his way into the donut business at the age of 17, working as a fryer at a Kansas City, Missouri, shop. Lamar made his way up to being a partner in the company, but World War II cut the partnership short. Upon his return, Lamar earned a degree in economics and began a career as a stockbroker, but donuts remained the business he truly loved.In 1960, nearly 30 years after first manning the fryer, Lamar opened his first LaMar's Donuts shop in Kansas City. The company began franchising in 1993 and is now based in Englewood, Colorado.
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2008 | 26 | 0 | 0 | 3 |
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Startup Costs, Ongoing Fees and Financing
Total Investment: $300,000 - $500,000
Franchise Fee: $28,500
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $28,500
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $350,000
Liquid Cash Available: $150,000
Operations
50% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 15. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).How This Franchise Supports Franchisees
Training: Available at headquarters: 3 weeks. At franchisee's location: 1 week.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Ad slicks, National media, Regional advertising,
Franchise Search
Featured Franchises For Sale
Advertisement
Buy a Business or Franchise with Your Retirement Funds
Use IRA and 401(k) funds to start a business or Franchise - No Tax penaltiesClick HERE for More Info
