Layout of proposed Krispy Kreme location. Courtesy Fort Collins Community Development & Neighborhood Services.

Krispy Kreme could come to FoCo

FORT COLLINS — A Krispy Kreme complete with drive-through is in planning in Fort Collins with a conceptual review meeting scheduled for Thursday at 10:15 a.m.

The doughnut shop would fill space at 4624 S. Mason St., along South College Avenue, exited by fast-pasta concept Fazoli’s, and next to a Firestone Complete Auto Care location.

The building was already a drive-through, and neither parking nor landscaping would be changed in the new, 3,100-square-foot location, a city summary of the project said.

“The property is within the General Commercial zone district and is subject to a minor amendment review,” it said.

The Krispy Kreme website shows two Colorado locations for the brand, in Thornton and Lone Tree, with a third location in Colorado Springs that broke ground this month.

The 85-year-old chain had shops here in the early 2000s. It moved through bankruptcy, went private in a $1.4 billion buyout by Luxembourg-based JAB Holding Co. in 2016, and completed a new initial public offering on July 1.

JAB took several retail food brands private over the last decade, including Peet’s Coffee and Panera Bread, and has recently been returning them to public markets.

Winston-Salem, North Carolina-based Krispy Kreme Inc. (Nasdaq: DNUT) went public at $17 a share, below a planned range of $21 to $24, raising $500 million for the company and giving it a valuation of about $2.7 billion. It closed today at $15.34 and a $2.56 billion market cap.

Krispy Kreme 2020 revenue was up 17% to $1.12 billion. It has about 1,400 locations systemwide.

The Fort Collins project is being shepherded by engineers Kimley-Horn, which has a location in the city.

Attempts to contact city planning, the applicant and Krispy Kreme media relations weren’t immediately successful.

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