LaMar's Donuts

Donuts, baked goods, specialty coffee

Background

Founded: 1960 Franchising since: 1992
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.

5601 S. 27th St., #202
Lincoln, Northeast 68512

Phone:
(402)420-0203

Franchisee Association
LaMar's Franchisee Advisory Association

Franchisor is a privately-held company with 8 employee(s); 8 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2008	26	0	0	3
2007	28	0	0	3
2006	23	0	0	4
2005	24	0	0	3

Where Seeking Franchisees
In the U.S. Arizona, Colorado, Iowa, Kansas, Missouri, Nebraska, New mexico, Nevada, Oklahoma, Texas, United states

Exclusive territories available.
Territory size: 3-mile radius

Costs and Fees

Total investment: $300K-500K
Franchise fee: $28.5K

Ongoing royalty fee: 5%
Term of agreement: 10 years, renewable

Express/kiosk option available

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	No
Equipment	No	No
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications
Net worth requirement: $350K
Cash liquidity requirement: $150K

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)