Melbourne-born Greek doughnut chain Lukumades is in expansionist mode. It has signed master rights for the UK and is poised to open its first US store.
The eight-year old business already has a single store retail presence in Dubai, Singapore, Malaysia and Taiwan. It had ventured into Indonesia but has since closed the eight stores.
Lukumades started as a food truck and had opened a bricks-and-mortar store within nine months. Today there are 10 stores in Australia with a new outlet set to open at Oran Park in Sydney this week.
Doug Downer of Franchise Ready is handling franchise recruitment and said the following: “We have targeted 50 stores in Australia but have signed much larger development agreements in international markets,” he said. “We are very close in the Philippines to securing a significant retail operator for the licence there and we are in discussion on Germany and India with two large retail groups.”
