Sponsored by George Fox University
Home Archives March 2008 Who do voodoo like they do? Q&A with Voodoo Doughnut founders

Who do voodoo like they do? Q&A with Voodoo Doughnut founders

| Print |  Email
Saturday, March 01, 2008

VoodooDoughnutFounders.jpg
Voodoo owners Kenneth Pogson and Tres Shannon

PORTLAND Five years ago two Portlanders opened a doughnut shop with little more than a few off-color creations and a lot of ambition. Now, as Voodoo Doughnut approaches its wood anniversary, owners Kenneth Pogson and Tres Shannon have seen their downtown Portland doughnut shop amass international headlines and TV spots watched by millions. Almost immediately after opening in the spring of 2003, Voodoo Doughnut became a city icon and as much a must-do tourist stop as Powell’s or the Pittock. We recently pulled the duo away from the deep fryer to get their once and future reflections.

How do you keep up with demand in that tiny hole in the wall?
Shannon: We are in the process of establishing a second location right now. We’re still being a little vague about it because the deal’s not been finalized. It’ll be in one of the four quadrants in Portland. We really need a second location. We’re turning business away right now.
Pogson: If you go back to our original notes, it’s pretty much the plan we laid out. Opening day, we looked at each other and said that by five years we should have another place. And we’re coming up on it. Now the franchise people are bugging us. They want to give us millions of dollars to make it like Starbucks, but we don’t want to do that. We don’t want to cash it in yet. We’re still having a good time.

voodoodoughnuts.jpgWho’s your customer?
Pogson: Everybody. Where we’re situated, we’ve got the bank tower nearby, and there are 5,000 people in that everday. And there aren’t any other doughnut shops around. Different times of the day we have different crowds: business in the morning, family and travelers in the afternoon and partiers at night. There’s still a lot of crossover. Saturdays and Sundays, 50% of business is tourists.

How many doughnuts do you sell a day?
Pogson: On an incredible day we can sell between 15,000 and 20,000 doughnuts.

How’s the commodity market treating you?
Pogson: Soy and palm, which are the oils we use, have about doubled in the last year. The eggs and the milk and the flour have skyrocketed as well. But it’s a doughnut. It doesn’t cost that much to make. Plus, in my eyes, we’re still a vice industry, and when times are bad vice industries always do fine.

What’s the Magic 8 Ball say?
Shannon: Worldwide doughnut domination.                                   

EVAN CAEL


Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Who said we should sell in May?

Contributed Blogs
Friday, July 18, 2014
BullMarketBY JASON NORRIS | OB GUEST CONTRIBUTOR

Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”


Read more...

Risks & rewards of owning triple net investments

Contributed Blogs
Thursday, July 24, 2014
NNNinvestmentBY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR

With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.


Read more...

OB Video: Building trade ties with the EU

News
Monday, June 16, 2014
BritEmbCampionBY KIM MOORE | OB RESEARCH EDITOR

The Oregon economy could get a boost from a new trade agreement being negotiated between the U.S. and the European Union.


Read more...

OB Video: Dress for Success

News
Wednesday, July 02, 2014
DFSOBY JESSICA RIDGWAY | OB WEB EDITOR

Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.


Read more...

100 Best Green Companies Keynote Speech

News
Friday, May 30, 2014

green2014-069Watch the 2014 100 Best Green Companies keynote speech by Eric Friedenwald-Fishman.


Read more...

Liquid gold

June 2014
Thursday, May 29, 2014
BY JENNIFER MARGULIS

Don Gentry navigates Klamath Basin water rights.


Read more...

The global challenge

News
Friday, June 27, 2014
062714 thumb globalmarketBY JASON NORRIS | OB BLOGGER

Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS