Nonprofit to sell doughnuts

WINSTON-SALEM, N.C. — Krispy Kreme Doughnuts Inc. has awarded a franchise to a nonprofit group for the first time, The Winston-Salem Journal reported May 23.

The venture, to be managed by Project Homestead, a community-development corporation in Greensboro, will be the doughnut-maker’s first minority-owned franchise.

In the past, Krispy Kreme permitted only successful business owners in the restaurant industry to hold franchises.

As with all its franchises, the company will take a small equity stake in the joint venture with Project Homestead.

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