Seattle-based KremeWorks LLC, run by Gerard Centioli, will own the store. Some 30 locations are planned in Washington, Oregon, Alaska, Hawaii and British Columbia in the next six years. The franchises are normally 4,000-sf, stand-alone buildings with a drive-thru.
Krispy Kreme was founded in 1937. It operates 182 stores in 29 states. The company went public at around $29 per share and was trading in the $90s before a two-for-one stock split in June. In after noon trading Monday, shares were trading for $30.74, about in the middle of its adjusted 52-week range.
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