A. Lee Graham
Krispy Kreme Doughnut Corp. has sold three company-owned Krispy Kreme shops in the Dallas market to Sun Holdings LLC.
The North Carolina-based doughnut giant also executed a development agreement with Sun Holdings in which the restaurant franchising company will develop 15 additional Krispy Kreme locations in the market over the next five years.
Sun Holdings, a franchise organization whose president and CEO is Guillermo Perales, operates nearly 400 restaurants in Texas and Florida, including Burger King, Popeye’s, Arby’s, CiCi’s Pizza, Golden Corral and Del Taco brands. The company also operates 13 T-Mobile stores.
“We are very pleased to begin what we expect will be a fantastic business relationship with Mr. Perales and the team at Sun Holdings,” said Cindy Bay, senior vice president of Krispy Kreme’s U.S. franchises and company stores in a news release.
Perales echoed that sentiment.
“What an amazing opportunity. I’m very fortunate to be part of this new business relationship,” Perales said.
Krispy Kreme has more than 240 shops nationwide, of which about 150 are franchised. In addition, the company has more than 530 locations in 21 countries outside the U.S., all of which are franchised.
More information is available at www.krispykreme.com.