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If Mark Kelegian has his way, Randyâs Donuts will become the In-N-Out Burger of the donut world.
âWe have the ability to reach across all the demographics,â said Kelegian of the donut concept he bought in 2015 thatâs known for its iconic 32-foot-tall sign and numerous pop culture appearances. Like In-N-Out Burger, the popular West Coast chain of fast-food restaurants, Randyâs Donuts is based in California and benefits both from a loyal local following and a reputation that attracts countless tourists. And with prices between $1.35 and $3, Kelegian said Randyâs draws repeat customers versus other donut concepts that are purely a specialty treat play.
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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.
Randy's Donuts, coming to Costa Mesa March 9, is on the rise in the hands of a Newport Beach family latimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latimes.com Daily Mail and Mail on Sunday newspapers.