The Doughnut King of Texas
Some college students schedule classes so they can sleep in as late as possible, but not Danny Klam.
The University of Houston senior, who is double-majoring in entrepreneurship and marketing, often begins his day at 3 a.m., opening one of the three Simply Splendid Donuts and Ice Cream stores he owns.
They all sell the same assortment of baked goods and sweet treats, and they also provide free Wi-Fi to customers. “One store has a drive-through, while another is more of an office park with more business customers,” says Klam, 27.
The first shop opened in west Houston in 2004 with a simple concept in mind: doughnuts and ice cream. “Take the two worst things, health-wise, and combine them,” says Klam, who co-owns the business with his cousin Rock.
The chain employs a staff of 12. Last year, it grossed $750,000 and, this year, revenue is on track to top $1.2 million. “The hours are crazy,” Klam says. “You just have to make time and get your priorities straight.”
To learn more about running the business, Klam took courses at the University of Houston’s Wolff Entrepreneurship Center, where he met Daniel Steppe, a serial entrepreneur who serves as the center’s director. Steppe has become one of Klam’s mentors.
Photo by Simply Splendid.
Jaclyn on February 25th, 2009 12:53 pm
That was a great article. good for klam! although…i cant imagine starting my day at 3 a.m. he has a lot of guts and determination for his business obviously which is a great thing to have when being in business for yourself. good luck to him in the new year.
cassy on February 25th, 2009 2:18 pm
what a very interesting and very inspiring stoey of success,he really work hard for his business wich makes him a good success for his business,congrats and good luck.
business ideas on February 26th, 2009 3:49 am
Sounds like an ambitious entrepreneur. I like how the stores have simularities but each has its own character too. Serving the customers needs is the priority and this buy seems to be on to that.
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