LaMar's Donuts
Donuts, baked goods, specialty coffeeBackground
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.
Franchisor is a privately-held company with 8 employee(s); 8 employee(s) in franchise department.
Franchise Growth
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
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 |
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)
Training and Support
Training
Ongoing Support
Marketing Support
- 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