by Lee Hogan
Posted 6/5/2014 01:03 pm
Updated 2 months ago
The doughnut shop that started from the recipe of a New Orleans French chef in the 1930s in Winston-Salem, North Carolina will soon have a location in Conway.
Newmark Grubb Arkansas announced this week the $255,000 sale of a half-acre lot on Dave Ward Drive to Trentlaw LLC, which has plans to put a Krispy Kreme Doughnuts shop on the land. Clint Berry, an associate broker with Newmark Grubb Arkansas, represented Nabholz Properties Inc. in the transaction.
More: Read the press release here.
The doughnut and coffee shop will be located at 1105 Dave Ward Drive, sandwiched between a Taco Bueno and Hardee's.
Dennis Porter, officer with Trentlaw LLC, says, if everything goes to plan, construction on the 2,650-SF shop could start the third week of June, and could be open in September. The shop is slated to feature both indoor and patio seating, in addition to a drive through window and parking for 23 vehicles. The shop will be able to produce 110 dozen doughnuts an hour.
Porter says the shop will be a new, smaller concept that Krispy Kreme has turned to building instead of older, traditional chains that are between 5-6,000-SF.
The Conway Boom
The decision to start in Conway was an easy one for Porter. In fact, there was no other plan.
"I never thought about anywhere but Conway for the first one," he says.
After meeting with Mayor Tab Townsell and Bryan Patrick, director of planning and development, Porter says he was impressed with the city's plans for the future and wanted to be a part of the growth.
"Conway is about to bust wide open," he said. "There are so many good things going on in Conway."
At a half acre, the location is a bit smaller than usually desired, but being located on a major roadway in Conway, in addition to the proximity of residential, retail and work areas, was a good selling point, Porter said. The recent acquisition of land across the street by Douglas Cos., planned to be commercially developed, also sweetened the deal.
Krispy Kreme Across the State
Porter, who currently owns Sonic Drive-In restaurants in Vilonia, Greenbrier, Clinton and Greers Ferry, does not plan to stop with one Krispy Kreme location in Conway. Although he doesn't own the Krispy Kreme location in Little Rock, Porter has plans to develop further in Little Rock.
"We have the intention of expanding into any viable market that could handle a Krispy Kreme," he said.
Porter said he's currently looking for property in Searcy, and also mentioned Jonesboro, Rogers, Fayetteville, Fort Smith, Benton and Bryant as possibilities in the future.
"We weren't doing this to put one in [the state]," he said
Currently, Arkansas has Krispy Kreme locations in Little Rock and Bentonville. The Little Rock location reported sales of $445,630 in the first quarter of 2014 and $1.7 million in 2013, according to the Little Rock Convention & Visitors Bureau.