W.K.S. KK HoldCo, Inc. /
Awesome Doughnut, LLC
Krispy Kreme refranchises its California stores to WKS affiliate for $40,404,497
Source for the buyer and target: Krispy Kreme, Inc.
For the buyer and target.
“This ASSET PURCHASE AGREEMENT (this “ Agreement ”), dated as of March 23, 2026 (the “ Effective Date ”), is being entered into by and between W.K.S. KK HoldCo, Inc., a California corporation (“ WKS ” and “ Buyer ”), on the one hand, and Awesome Doughnut, LLC, a Delaware limited liability company (“ Seller ”), on the other hand.”
Published 24 Mar 2026
Open the sourceWhat happened
W.K.S. KK HoldCo, Inc. bought the Krispy Kreme stores in California that Awesome Doughnut, LLC owned and operated. The deal took effect on March 23, 2026, when the asset purchase agreement was signed and closed together. [01]
The assets include franchise rights, operating assets, equipment, vehicles and goodwill. The price of $40,404,497 was paid with a promissory note from the buyer to the seller that carries 5% annual interest. The sale is part of a wider move that raised WKS's stake in the Western U.S. joint venture from 45% to 80%. [01]
The source
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Krispy Kreme refranchises its California stores to WKS affiliate for $40,404,497
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Closed
“The deal took effect on March 23, 2026, when the asset purchase agreement was signed and closed together”
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