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Print Mark Kelegian was operating casinos with his dad and brother in 2015 when he started thinking about a business he might run with his wife and three daughters. A quick search at an online marketplace returned a hit. “Fifty-year-old well-known restaurant for sale,” read the posting. No name was listed. “I’m thinking it’s probably one of those old Jewish delis on the Westside or in Beverly Hills,” he recalled. “So I called up, and this girl answered, ‘Randy’s Donuts.’” An entrepreneur who had been an attorney for nearly 20 years, the Newport Beach resident thought he knew an opportunity when he saw it. He made his move, and in the span of a single transaction had purchased an L.A. icon.

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