August 2018 Denton Business Chronicle

DENTON

August 2018

Business

CHRONICLE

www.dentonbusinesschronicle.com

Doughnut dreams

Shop’s new owners make vegans’ mornings brighter

By Chase Carter For the Denton Record-Chronicle

Emily Summitt first had the idea to open a doughnut shop 10 years ago.

Photos by Jeff Woo

Emily Summitt, below, and her husband, Chris, bought a doughnut shop at 703 Londonderry Lane and renamed it Fresh Morning Donuts. While catering to all breakfast lovers, the shop specializes in vegan options.

Summitt was teaching English as a second language to adults for the Denton school district, and one of her students told her selling breakfast confections was an easy and safe way to make money. Summitt had never owned her own business, but the idea had charm.

But she was raising four children,

and husband Chris’ hours as a Denton police officer were unpredictable. They decided it wasn’t the time.

Fast-forward to early 2018: The couple, both 47, was searching online for local businesses for sale and discovered the owners of their favorite Doughnuts | Continued on Page 5

Retire decades early — with kids

By Andrea Coombes | NerdWallet

By Sarah Sarder | Staff Writer Professionals began demolition at the Carriage Square Shopping Center in early August, preparing the area for renovation by the University of North Texas. The center held businesses such as restaurants the Bowllery, Pancho’s and Bawarchi Biryani Point, as well as Dollar General and Chase Bank. Some of the businesses closed as their leases ended earlier in the year, while a few relocated. The shopping center is located off Avenue C near Interstate 35E. Beauty salon LashUp BrowDown

will reopen at 519 S. Carroll Blvd., Suite 100, with a grand opening event at 7 p.m. Saturday to celebrate the salon’s recent expansion. The salon offers eyelash extensions, eyebrow microblading, brow tinting, waxing and more. The business has been in Denton for three years Health and fitness store Feel Your Best opened in Denton in mid-July.

The store offers dietary supplements, after-alcohol aids, exercise equipment, home massage products and more.

Feel Your Best is located at 260 S. Update | Continued on Page 2

Retire early? “Sure,” you might say, “I could do that — if it weren’t for the kids.” But even with a full house, it’s not impossible.

Meet Carl Jensen, founder of 1500 Days to Freedom, a website chronicling his journey to retirement in 2017 at age 43. He’s married with two kids who are now 11 and 8.

Or take a page from the book of Justin McCurry, founder of Root of Good, who retired in 2013 at age 33.

He’s married and has three children who are now 13, 11 and 6.

Taking different paths to early retirement

McCurry was planning to retire early anyway, but after an unexpected layoff, the day came sooner than he’d imagined.

“That’s the point where I said, ‘Do I need to go out and look for a job, or am I just retired?’” says McCurry, who lives in Raleigh, North Carolina. So he checked up on his financial plan. “We were 99 percent of the way there. That day I figured out: ‘I’m just retired. I reached the goal.’”

Jensen, who lives in Longmont,

Getty Images

With careful financial planning, it’s possible to retire decades early while still raising children.

Colorado, investigated the idea of early retirement after a bad day at the office.

“I Googled something like ‘how do I retire early,’” he says.

He came across Mr. Money Mustache, a well-known personality in the FIRE (“financial independence, retire early”) movement, and the alter ego of Peter Adeney.

Jensen was inspired to start on his own journey of financial independence. He was 37 years old. “We weren’t living a frugal lifestyle,” Jensen says, but, motivated by a financially insecure childhood, he and his wife already had saved almost $600,000 and RETIRE | Continued on Page 4

2

August 2018

D

BC

Denton Record-Chronicle

Enterprising Voices

CEOs sometimes use Twitter to make own news

“The CEO who misleads others in public may eventually mislead himself in private.”

— Warren Buffett to Berkshire Hathaway shareholders

W

arren Buffett’s quote is an extract from the “Owner-Related Business Principles” section of the Berkshire Hathaway annual report — originally published in his 1983 “Owners Manual” and reprinted annually in his report to shareholders since 1988.

This particular section comments on the need for CEOs to be candid with their shareholders about the good and bad aspects of their business’s operations.

In today’s mad, Twitter-fed news world, how much is this advice is being heard?

But before we explore the role of CEO candor, let’s get a little market perspective, especially as indices return to near all-time highs.

We are now in mid-August, and the vast majority of companies have reported their second-quarter earnings.

According to CNBC data, just three stocks — Amazon (AMZN), Netflix (NFLX) and Microsoft (MSFT) — account for 71 percent of the S&P 500’s returns and a huge 78 percent of the Nasdaq 100’s returns.

If you expand the list to the six top-performing stocks — adding in Apple (AAPL), Alphabet (GOOGL) and Facebook (FB) — these stocks account for 98 percent (S&P) and 105 percent (Nasdaq 100) of this year’s returns.

This concentration can create feelings of euphoria as investors pile into the same names, driving the stock prices of those companies and the

Jonathon FITE | COMMENTARY

indices they dominate higher.

That feeling can vanish quickly when things move the other way.

Case in point might be market darling Netflix, whose stock price plunged as much as 15 percent in after-hours trading after the firm reported a rare “miss” during its second-quarter earnings announcement.

The company’s revenue and new-subscriber growth were lower than expected, and its third-quarter guidance was weaker than analysts had hoped.

That is the problem when shares are priced so highly — perhaps even priced “for perfection” — small misses can result in large sell-offs. Even so, Netflix’s share price has nearly doubled this year in the midst of competitors ramping up their attack on the streaming market.

Amazon, Apple, Facebook, YouTube and Instagram are developing streaming content efforts of their own. Even retail giant Walmart is expected to join the fray.

To fight these battles, Netflix has announced it will spend $8 billion on developing in-house content this year, up from the company’s prior $7 billion estimate. Analysts at Goldman Sachs see those costs ballooning to $22.5 billion in a few

years — close to the programming spending of all the other networks and cable companies combined.

Are we in a content bubble?

Speaking of content, let’s turn to Twitter — the media’s favorite source of up-to-thesecond news. While we could explore the ups and (mainly) downs of Twitter’s stock, the implications that its platform has had on others recently is far more interesting.

Most readers probably know Twitter as the source of early-morning and late-night provocations from our commander in chief. Who needs a press secretary when you can set policy in real time in 280 characters?

But President Donald Trump is not the only purveyor of Twitter-based news. Tesla CEO Elon Musk often pushes the boundary of company candor with a few fast flicks of his thumbs.

Musk has had a pattern of erratic behavior recently, lashing out at critical journalists and repeatedly threatening to “burn the shorts” (traders who are betting against the company’s stock).

But last week’s tweet created the biggest buzz yet: a public statement that he was taking the company private, buying out those who wanted to exit at $420 per share. The proposal — which would value Tesla at more than $80 billion (including debt) — immediately raised questions about why Musk would attempt to do so and where the company could find the financing.

Shares initially raced higher, close to $380 per share, before giving up those gains later in the week as many began to

Gene Blevins/Getty Images file photo

SpaceX and Tesla CEO Elon Musk speaks ahead of SpaceX Hyperloop pod testing Jan. 29, 2017, in Hawthorne, Calif.

Musk often pushes the boundary of company candor on Twitter. question Musk’s ability to follow through on his claims.

Tesla has never made a profit, and it “burned” through almost $4 billion in cash over the last year, even while it owes more than $11 billion in debt.

Tesla’s bonds are considered “junk,” so it seems hard to imagine banks or other lenders would loan the company more money to go private in a leveraged buyout.

But there is a less candid reason Musk may have pursued this path. It is no secret that Musk hates the short-sellers. A higher share price could create a “short squeeze,” where the large number of Tesla shorts are forced to close their positions, pushing shares even higher in the process. But if Tesla’s stock

price stays high enough, Musk could engineer another bit of salvation.

See, Tesla has a $900 million-plus bond that must repaid in January. But this bond comes with a clause in the contract where the company can convert the bond into shares of stock, if the price stays above a certain price. If Musk can keep the stock high enough, he would not have to come up with the cash to repay the bond — he could simply convert it into more shares of Tesla stock.

This reality has not escaped some commentators and regulators. The Securities and Exchange Commission can file fraud charges against companies and corporate officers it

believes to have made misleading or false statements. Reports indicate that the SEC has officially made inquiries into Musk’s claim.

The CEO who misleads others in public may eventually mislead himself in private.

Investors beware.

JONATHON FITE is a managing partner of KMF Investments, a Texas-based hedge fund. He is a professor with the College of Business at the University of North Texas.

This column is provided for general interest only and should not be construed as a solicitation or personal investment advice. Comments may be sent to email@ KMFInvestments.com.

Briefly in Business Royal Bank of Scotland fined $4.9B by feds Royal Bank of Scotland will pay a $4.9 billion fine to settle allegations it misrepresented the types of mortgages it sold to investors during the housing bubble that ultimately led to the 2008 financial crisis.

The U.S. Justice Department said in a statement Tuesday that the penalty is the largest it has imposed for financial crisis-era misconduct at a single company.

The DOJ has issued billions of dollars in fines against Bank of America, Citigroup, Goldman Sachs and other big banks in the years following the crisis to settle similar allegations.

The government accused Royal Bank of Scotland and many other big banks of understating the risk and quality of the mortgages they sold to investors at the height of the housing bubble, in RBS’ case between 2005 and 2008.

These investors bought up tens of billions of dollars in mortgages from RBS and other banks, and experienced massive losses when borrowers failed to repay and housing prices collapsed nationwide.

— The Associated Press

Open/ Closed Update | Continued from Page 1

Interstate 35E, Suite 300.

Music venue and bar The Abbey Underground will close Aug. 31 after 11 years of hosting local bands and musical events in a below-ground space. The venue’s closing comes about three months after owners announced the adjoining restaurant and pub, The Abbey Inn, would be closing. The Abbey Underground is located beneath the former Abbey Inn at 100 W. Walnut St.

The KoonsFuller Denton Team: Nicole Carroll, Sean Abeyta*, Charla Bradshaw*, Sarah Darnell*, and James Logue

KOONSFULLER: DIVORCE, CHILD CUSTODY, PROPERTY DIVISION, PREMARITAL AGREEMENTS, PATERNITY, APPEALS

Have you heard? With more than thirty proven attorneys and five offices across Texas (Dallas, Denton, Houston, Plano and Southlake), KoonsFuller is the largest family law firm in the Southwest. You’ve probably also heard that we take BEST remarkably good care of our clients.

To learn more about us, visit As recognized by koonsfuller.com.

Woodward White, Inc.

Denton | 320 West Eagle Drive, Suite 200 | Denton, Texas 76201 | 940.442.6677 *Board Certified in Family Law by the Texas Board of Legal Specialization. Principal Office in Dallas.

Denton Record-Chronicle

D

BC

August 2018

3

Enterprising Voices

Landowners should expect visit from solar companies S olar power is increasingly being used around the world. It is used to power homes, cars, planes, calculators and, in Texas, deer feeders.

Solar power is generated by capturing the sun’s radiation and converting it into electricity through the use of solar panels.

It takes a little over eight minutes for a sun ray to reach the earth. In the U.S., solar panels face south to capture the most sunlight.

To power the world with solar energy, it would take more than 191,000 square miles of solar panels. The earth is made up of more than 57 million square miles of land. There is ample area to install the solar panels needed to generate solar energy worldwide.

In early 2016, more then 1 million solar powered systems had been installed in the U.S. It is estimated that the next million systems will be completed sometime in 2020. Solar power is a fast-moving technology

Biz on the Wire

Recalled BMWs banned in SKorea

Scott ALAGOOD | COMMENTARY

and is increasingly being used in the U.S. and Texas.

Landowners should anticipate that at some point they will be visited by solar energy development companies. Currently, those companies are using a type of long-term lease to obtain surface rights to install solar panels and infrastructure to deliver solar power to the electricity grid. Solar leases in Texas are relatively new, and there is not much precedent to guide a landowner in leasing their land for a solar farm.

Texas courts have not yet

weighed in, but it is generally recognized that the right to mine sun rays belongs to the surface owner of the land. In Texas, the surface and the mineral rights are severable. Before a landowner allows the surface to be leased for solar use, the rights of the mineral owner and any lessees of the mineral estate must be considered.

In Texas, the mineral estate is dominant. This means that the mineral owner or lessee has the right to use as much of the surface as is reasonably necessary for the exploration, production, maintenance and transportation of the minerals.

Landowners should be wary of lease provisions that require the landowner to warrant or represent the state of title to the mineral estate underlying their land unless such landowner is absolutely certain of the mineral ownership. It is not unreasonable to expect the solar company to perform its own title search and make its own

Ashley Landis/DMN file photo

Solar panels catch the sun’s radiation on the roof of an Ikea store in Grand Prairie. determination on any interference from the mineral estate.

Because of the large capital investment necessary to create a solar farm, a solar lease is typically leased for multiple-decade terms. The lease will typically have a short primary term similar to an oil and gas lease

lease depending on the number of acres being leased. However, a landowner must realize that the lease will tie up the land for the better part or all of the owner’s life.

There are numerous other considerations when negotiating a solar lease. These include impact on adjacent properties and the community, environmental, hunting and wildlife, financial stability of the lessee, experience of the lessee, water rights, private power taps and the time value of money.

The use of solar power is on the rise. Care should be taken in negotiating a solar lease since the effects will be long-lasting and impactful on the surface and mineral estates of the land.

R. SCOTT ALAGOOD is certified by the Texas Board of Legal Specialization in commercial and residential real estate law. He can be reached at alagood@dentonlaw.com and www.dentonlaw.com.

Dedicated Commercial Service Facility for...

• CHEVROLET • GMC • ISUZU MEDIUM DUTY

By Kim Tong-Hyung | AP SEOUL, South Korea — South Korea will ban driving recalled BMWs that haven’t received safety checks following dozens of fires the German automaker has blamed on a faulty exhaust gas component.

South Korea’s Ministry of Land, Infrastructure and Transport said Tuesday the ban taking effect Wednesday affects about 20,000 vehicles.

Drivers cannot use the cars except for taking them to safety checks. While violating the ban is punishable by up to one year in prison, the ministry said the focus will be on persuading drivers to take their vehicles for safety checks as soon as possible. However, the government will “aggressively” pursue charges against drivers if their vehicles catch fire after they had continuously defied the ban, ministry official Kim Gyeong-wook said.

Junghyun Kim, an official from BMW’s South Korean unit, said the company has currently secured more than 14,000 cars it will lend to affected drivers for free until their BMWs are cleared to drive again.

“We will do our best with the safety checks to reduce the number of drivers affected by the ban,” she said.

Nearly 40 fires of BMW vehicles this year are suspected to have been caused by engine problems. Images and videos of BMW sedans engulfed in smoke and gutted by fires caused alarm among drivers.

Some parking lots reportedly refused to let in BMW drivers and other drivers said they were trying to avoid BMWs on the road. A group of angry BMW owners filed a complaint with Seoul police earlier this month, saying that the German automaker was reacting too slowly to address the problem.

BMW last month recalled about 106,000 vehicles of 42 different models. The company has identified the cause of the engine fires as leaks of glycol coolant in their exhaust gas recirculation coolers. Combined with carbon and oil sediment the leaks could combust and cause fires when the vehicles were driven at high speeds for long periods. Such fires can occur only when the vehicles are being driven.

BMW AG’s Korean unit earlier apologized over the fires.

(one to two years). The primary term (or “development term”) is used to perform due diligence (such as title work), negotiate power consumption contracts and construct and develop the facilities necessary to generate and transport the solar energy.

The lease also may allow the solar company to extend the development term through the payment of an annual flat fee.

Instead of royalties, a solar lease typically pays an annual flat fee on a per-acre basis once the lease moves past the primary term (to the “operating term”).

It is not uncommon for a lease to contain options to extend the lease beyond the operating term (to the “renewal term”).

The payments offered during the development term are usually less than those for the operating or renewal terms.

A landowner has an incentive to negotiate as short a development term as possible. A landowner may realize millions of dollars over the life of a solar

James Wood’s Commercial Experts have the Work-Ready Trucks You Need Today!

www.commercial-trucks.com

Quality Service That Has Earned Us the Reputation for

“Denton’s Best for 14 Straight Years!”

“ WE DELIVER!”

COMMERCIAL TRUCK CENTER Take Exit 462 Off I-35E South

DENTON

940-210-7443 BFOGLE@JAMESWOOD.COM PO BOX 50779 • DENTON, TX 76206

4

August 2018

D

BC

Denton Record-Chronicle

Enterprising Voices

Blues fest to coincide with chamber luncheon

T

Chuck CARPENTER | COMMENTARY

worth the price of admission.

Job fair

So far, approximately 35 area businesses of all sizes and descriptions will be exhibiting at the Denton Civic Center on Aug. 28 at the Denton Community Job Fair. Admission is free to potential employees.

This is our second year to co-sponsor the event in cooperation with the city of Denton, Denton school district, North Central Texas College, Texas Workforce Solutions and the United Way of Denton County.

Jake King/DRC file photo

Dana Fuchs plays at the Denton Blues Festival Sept. 17. This year’s Denton Blues Festival is scheduled for Sept. 14-16.

Leadership Denton

The chamber’s 34th class of Leadership Denton has convened. Eleven women and nine men have committed to this nine-month series designed to help make interested residents

Business Spotlight RETIRE | Continued from Page 1

had about $150,000 in equity in the home they’d purchased for about $400,000.

They eventually sold that house and purchased a $167,000 fixer-upper foreclosure.

“I figured we would need about $1 million and no debt to retire, and I figured it would take a little over four years … or 1,500 days,” Jensen says. Hence the name of his blog.

Although Jensen and McCurry are acquainted through the close-knit financial independence community, they were interviewed separately for this story. We combined the interviews below.

How they got there

On the day he retired — when he was laid off from his job as a transportation engineer at age 33 — McCurry was earning about $69,000 a year, and he and his wife had saved about $1.3 million. His wife earned about $70,000 and retired two years after he did.

When Jensen retired, his income as a software programmer was about $100,000 a year. He and his wife had investments worth about $1.2 million (including real estate investments but not including the house they live in).

His wife had been a stayat-home mom, but she took a full-time job after he retired.

She couldn’t resist working for one of her favorite websites — writing, podcasting and more.

She’s not doing it for the money.

“It was never her intention to go back to work, but she found her dream job,” Jensen says.

Jensen and McCurry used the “4 percent rule,” or a variant of it, to figure out how much money they needed before they could retire. That rule, based on years of historical stock-market data, says you can safely withdraw 4 percent each year from a diversified investment portfolio and live on that money for 30 years.

What happens after 30 years? “The 4 percent rule is meant to be a real conservative baseline,” Jensen says, citing recent research that shows a high probability of portfolios being larger than their original amount, even after 30 years of 4 percent annual withdrawals, thanks to the value of investment returns compounding over those decades.

“That’s what gives me confidence that my portfolio will last the rest of my life,” he says, though he notes that retirees should stay flexible and adjust spending based on market performance and their own situations.

And take note of spending.

“To know how much money you need to retire, you need to know how much you spend every year,” Jensen says. He started tracking his family’s

better aware of opportunities for community service as well as all levels of public office.

Although there are no recruitment quotas, this year’s class is a microcosm of Denton.

These 20 individuals represent

traditional small businesses, our largest private employer, financial institutions, legal services, both universities, county and municipal government, environmental management and a couple of nonprofit orga-

nizations.

By April, they will have delved into the city and county governmental process, and taken an overnight trip to Austin to get a glimpse of how it works at the state level. They’ll learn about opportunities to volunteer in nonprofit and cultural arts organizations.

As a requirement of graduation, every class must conduct an assigned project. We’ve asked the class of 2019 to help us with reimagining the Denton chamber, not only in terms of brick and mortar but also its relevance to the next generation of members.

The class’s findings and recommendations will be presented April 4 in conjunction with its graduation. Please visit www. denton-chamber.org for more information.

CHUCK CARPENTER is president of the Denton Chamber of Commerce. He can be reached at doc@ denton-chamber.org.

AFFORDABLE CUSTOM BANNERS MEAN

spending when he set a goal of early retirement. He says they currently spend about $50,000 a year.

McCurry used a 3.5 percent rule. That is, he focused on building up enough savings such that withdrawing 3.5 percent each year from his nest egg would cover his family’s current annual spending of $40,000. “That’s the point where I said, ‘Yeah, the finances will work,’” he says.

Q&A with Carl Jensen and Justin McCurry

How did you save as much as you did?

Jensen: “The main one was getting rid of our fancy house.”

The new house means cheaper property taxes, insurance and mortgage costs.

Jensen: “We actually didn’t cut back too much on vacations, but we cut back on our spending by using credit card points,” and by taking road trips and staying with friends.

McCurry: “It comes down to intentional living. That is, saving a big part of what you make and setting up your finances so you can do that.”

How did you retire early with kids?

Jensen: “If you do go to work, there’s the expense of child care, which is huge, but kids themselves aren’t expensive. … They don’t need all these fancy toys. The best gift you can give your child is your time … it doesn’t cost anything to go for a walk or to go for a bike ride.”

McCurry: “We’ve managed to reach a good compromise between keeping our kids busy and engaged without spending a lot of money. But also I think

we have a different philosophy where it’s OK if the kids aren’t always doing something.”

McCurry: “We’ve found several summer camps that are totally free,” like a law-enforcement adventure camp.

Jensen: Some parents have “their kids involved in 5,000 activities. I definitely think some of those have value. But I think parents overdo it. … It’s expensive, but even more than that, it’s a time suck, too.”

Jensen: “Not working and just being able to have time with your kids is a huge benefit.

It’s a luxury I’m thankful for every day, and I think they’ll be ahead in life for it as well.”

How will you handle your children’s college costs?

McCurry: “Just in the 529s, we have enough for three years’ tuition for each of them.” He also has college savings in a taxable brokerage account. … “They could live at home and commute to the state university. “ Jensen: “We will see they get a degree some way or another, but I want them to have some kind of skin in the game. I’m still trying to figure this out, but maybe it’ll be: ‘For every dollar you put in, we’ll put in $4.’”

Health insurance?

McCurry: “We use the Affordable Care Act Healthcare. gov exchange. We go each year and see what plans are available, shop around and compare and figure out which ones are best for us.”

Jensen: “Before, we were on the ACA.” Now, his wife has family coverage through her employer.

BIG BUSINESS

20% OFF VINYL BANNERS UP TO 5’ X 15’ MUST MENTION THIS AD

Completed before September 30, 2018 Additional charge for design

LARGE FORMAT PRINTING TO GET YOU NOTICED AND GET YOU BUSINESS 940.891.1200 521 South Loop 288 Suite 145 in Denton us471.alphagraphics.com f: AlphaGraphicsDenton

DENTON

WHEN IT COMES TO YOUR BUSINESS, THESE NEW RAM TRUCKS MEAN BUSINESS. Your Full Service Dealer: Sales, Parts, and Service

Larry Terry

lterry@classicofdenton.com 940-498-9800

Denton Fleet/Business Sales Classic Chrysler Jeep Dodge Ram 4984 South I-35 East exit 462 • 940-498-9800 www.classicdodgechryslerjeep.com Sales: Monday - Friday 8am - 8pm • Saturday 8am - 6pm Parts/Service: Monday - Friday 7am - 7pm • Saturday 8am - 5pm

DE-1695256-01

he 20th annual Denton Blues Festival is coming up Sept. 14-16. This event, sponsored and coordinated by the Denton Black Chamber of Commerce, is a vital ingredient in the recipe that allows us to legitimately describe our community as “original and independent.”

With this as the backdrop, we’ve asked Kerry Goree and John Baines, key leaders with the Denton Black Chamber, to not only provide a live sample of the festival lineup but facilitate the itinerary for our Sept. 14 membership luncheon.

I’ve known both of these guys for a long time, but I’m not sure what all they’re planning to say and do. I can promise it will be amusing and certainly different compared with our typical membership luncheon.

The fun begins at 11:30 a.m. at the University of North Texas’ Gateway Center. Contact the Denton Chamber of Commerce at 940-382-9693 to purchase tickets. This one should be well

Denton Record-Chronicle

D

BC

August 2018

5

Vital Statistics SALES TAX PERMITS The following sales permits were issued by the state comptroller’s office for July. The list includes the owner, name of business and address within ZIP codes 75068, 76201, 76205, 76207, 76208, 76209, 76210, 76226, 76227, 76249, 76258 and 76266.

76201 Marimedic LLC, 2117 W. Hickory St., Apt. 2, Denton Amelia Lucia Morales, 1204 W. Mulberry St., Apt. B, Denton Stoneglass Marketing, 307 N. Locust St., Suite 309, Denton TXWU Chick-fil-A, 420 Administration Drive, Denton Honeycomb Salon, 2640 W. University Drive #1266, Denton 76205 SGW Marketing LLC, 1501 S. Loop 288, Denton Buffet King, 2251 S. Loop 288, Denton Nature’s Mercantile, 262 S. Interstate 35E, Denton Strittmatter Roofing LLC, 3309 Fort Worth Drive, Suite 992, Denton Kurume Ramen & Izakaya, 1435 S. Loop 288, Suite 117, Denton

RCS Roofing & Sheet Metal LLC, 304 Dallas Drive, Denton Strittmatter Plumbing of Denton LLC, 3309 Fort Worth Drive, Suite 992, Denton BEC Maintenance LLC, 2141 Woodbrook St., Denton 76207 My Sassy Convas, 3400 Joyce Lane, Apt. 217, Denton Ferguson Enterprises Inc., 4401 N. Elm St., Denton Origins Design Build Renovate, 300 Benjamin St., Denton Active USA LLC, 1406 Interstate 35W, Denton ATC Transportation LLC, 1518 Interstate 35W, Denton The Antique Gallery, 5800 N. Interstate 35, Suite 400, Denton 76208 Springer Lawn Care LLC, 3216 Deerfield Drive, Denton

76209 Holly’s Garden Gate, 2022 N. Locust St., Denton Starr Studios, 712 Pershing Drive, Denton Buddy’s Heating and Air Conditioning, 2716 Foxcroft Circle, Denton Two Moons Wreaths and Home Decor, 423 E. Sherman Drive, Denton 76210 KC Design, 3106 Palos Verdes Drive, Corinth City Doll, 3109 Palos Verdes Drive, Corinth Big D Collections LLC, 2826 Robinson Road, Denton Crepes Bistro, 3422 Lipzzan Drive, Denton Not Afraid, 3109 Palos Verdes Drive, Corinth Voice Over Solutions, 8301 Swan Park Drive, Denton Pep Boys Auto Service & Tires, 2104 Sadau Court. Suite 102, Denton Dodgy Bits Emporium, 3513 Sundown Blvd., Denton Matrix Construction, 8801 Swan Park Drive, Denton

Cover Story

76226 New Fuel Technology, 10932 Falling Leaf Trail, Argyle L.K. Terrill & Associates Inc., 750 Camilla Lane, Lantana Rocking Nicholas Ranch LLC, 12070 Lake Trail Drive, Argyle Francis Professional Images, 9117 Wichita Lane, Argyle 17m LLC, 4513 Alsace Drive, Argyle 506 and West, 9331 David Fort Road, Argyle FFO Enterprises Inc., 1513 Presley Way, Lantana Deals4U, 1804 Goliad Way, Lantana Integratus Solutions Inc., 2650 E. FM407, Suite 255, Bartonville Fontes & Golden Peak Inc., 9901 Thompson Drive, Argyle Lantana Storage Units, 2001 E. Hickory Hill Road, Argyle Custom Embroidery North Texas Inc., 8137 Tyler Drive, Lantana Kreative Delights LLC, 1026 Dayton Drive, Lantana 76227 Pilot Point Auto Parts LLC, 26779 E. U.S. Highway 380, Aubrey Fierce Detailing, 1020 Holly Anne Lane, Aubrey Schuyler Industries Inc., 4900 S. U.S. Highway 377, Aubrey

Little Bird Designs, 314 Rock Hill Road, Unit A, Aubrey DK Florals Inc., 1013 Oakcrest Drive, Providence Village Janice Lynette Turner, 9116 Waterman Drive, Aubrey Total Rooms, 9915 Wethers Field Circle, Providence Village DJ Donuts, 928 S. U.S. Highway 377, Aubrey Patos Autos, 1212 Charleston Lane, Savannah 76249 Ray McCain Services Inc., 2901 N. FM156, Krum 76258 First In Fire Trucks LLC, 10279 E. FM455, Building 3, Pilot Point Gypsy Road Photography, 111 Key St., Pilot Point The Mini Craft Corner, 708 E. Roewe St., Pilot Point Connected Infrastructure, 13831 Alexander Road, Pilot Point 76266 Sno2Go, 701-B N. Stemmons St., Sanger Dollhouse Salon and Boutique, 308 Bolivar St., Sanger Lone Star Latte, 11972 FM2153, Sanger Air Done Right Mechanical, 904 S. 5th St., Suite 203, Sanger

Building Permits The following building permits were issued by the Denton Planning and Development department in July. Commercial alterations and commercial permits reflect the owner or tenant and the address of the business. Residential permits include the address of the home.

Doughnuts | Continued from Page 1

neighborhood doughnut shop were looking to retire. The entire store — machinery, signage and all — was on the market.

“I said to myself, ‘You know, I wonder if I could revive that doughnut shop dream now?’”

Emily Summitt said.

After some professional back-and-forth, the previous owners transitioned the business into Emily Summitt’s ownership July 10, training her and an interim baker. The shop at 703 Londonderry Lane is now called Fresh Morning Donuts.

Chris Summitt said Emily is an amazing chef and baker but had never made doughnuts before. The guidance and training were extremely helpful.

From the beginning, she knew the menu would include vegan options. Her husband had been a vegetarian since he was 18, and when the two started dating, Emily Summitt followed suit. Over the years and through four children, the family kept a mostly plantbased diet, one still shared by the two parents and youngest daughter at home.

“For vegan doughnuts, you really only need two things: an egg replacer and some kind of nondairy milk,” Emily Summitt said.

While she wouldn’t divulge her exact recipe, she’s trying a cornstarch and water mixture to replace the eggs. The result is a doughnut that’s slightly lighter in color but light and fluffy like everything else on her shelves.

PHD, 1809 Sharon Drive, Corinth

CERTIFICATES OF OCCUPANCY Salted Sanctuary Soap, 525 N. Elm St. Purpose Church of Denton, 3401 E. University Drive #101 Dickson Family Law, Blake Law Office, 1409 E. McKinney St., Suite 121 Black Magic Kustoms, 2301 N. Masch Branch Road #221 COMMERCIAL City of Denton, 2116 E. Sherman Drive City of Denton, 3801 N. Elm St. Prime Denton Properties LLC, 2660 Scripture St. Coco Plaza Inc., 1103 Dallas Drive Sam’s Real Estate Business Trust, 2850 University Drive Wal-Mart Stores #01-0467, 1515 S. Loop 288 Melissa Investments LLC, 3809 S. Interstate 35E DD Denton II LLC, 2515 W. University Drive PFL Realty LLC, 5501 Fishtrap Road #101 PFL Realty LLC, 5501 Fishtrap Road #111 PFL Realty LLC, 5501 Fishtrap Road #201 PFL Realty LLC, 5501 Fishtrap Road #211 City of Denton, 215 E. McKinney St. RESIDENTIAL Key Custom Homes Inc., 1900 Marshall Road Bloomfield Homes LP 9017 Conroe Drive 5013 Marble Falls Drive

Owner Emily Summitt gets Fresh Morning Donuts ready to open. products to sell.

“The tacos were amazing, and Emily was super nice and explained their plans to roll out more vegan stuff,” said Matt Tatum, a Denton vegan who stopped by the first Saturday that Emily Summitt offered the tortillas stuffed with tofu, potatoes and a meatless crumble.

Others, like Carly Ferrai, are interested in veganism, and having convenient options for shopping and eating out helps people transition into the lifestyle.

“I left Fresh Morning Donuts with two vegan glazed doughnuts, two vegan kolaches

History Maker Homes (Terrance Tondre) 5617 Sea Cove Lane 5604 Marina Drive Hive Management LC 2821 Megan St. 2712 Empire St. 3001 Armstrong Joelle Hainley, 2400 Southridge Drive Amelia D Mornes, 1005 Cook St. Red Gable Homes LLC 2224 Paxton Way 2405 Chebi Lane

The following names were posted in July at the Denton County Clerk’s Office.

and two vegan breakfast tacos. I had never tried tofu before, and I walked out of the place only spending about $5.”

Affordability is something else Emily Summitt said she won’t compromise. Taking care of her customers means ensuring their favorite treats are high-quality but low-cost.

“We really appreciate the support from the vegan community. They have been so supportive and helped us reach some good weekend sales,” Chris Summitt said. “We’re going to keep trying out new things to see what works better. We want to provide the best and most affordable product we can.”

Running Fresh Morning Donuts has been a challenge Emily Summitt is happy to tackle because it allows her to spend more time at home. Before, she was working as a paralegal and had to commute, and the hours kept her out late.

Now, she closes by 1 p.m. and can spend the rest of the day with her husband and children.

“It’s a lot of work to learn all about running a business, from permits to training employees to finding out traffic patterns, but once it’s up and running, it’s a fantastic job to have,” Emily Summitt said. “Family dinners are very, very important to me.

We can now sit down and share that meal and have a good family life.”

NAME — ADDRESS

NAME — ADDRESS

Prime Dentistry, 3220 Teasley Lane, Suite 100 Gyro 360 Grill, 311 E. Hickory St., Suite 110 Boa Window and Glass, 1533 Angelina Bend Drive Painless Forms, 1611 Laurelwood Drive Ambros Tacos y Mas, 206 E. McKinney St. Better Auto Approval, 102 Maple St. #102 Discount Tires Plus Wheels, 4250 E. University Drive JAN-PRO Cleaning Systems, 7612 Sweetgate Lane Bagheri Italian Restaurant, 1125 E. University Drive #105 Papa G’s Tobacco, 110 W. Oak St., Suite B Center Point Custom Upholstery, 3500 E. University Drive Be Share Grow Social Media Management, 7117 Sunburst Trail Iconic Kreationz, 2550 Stockbridge Road #17103 Control Panel Productions, 1040 Shady Oaks Drive Cake Creations by Deena, 616 Apollo Drive Carson Consulting, 1821 Concord Lane L.T.C. Painting & More, 1128 McCormick St. Maries Juice, 2500 W. Hickory St. #21 Crislip Creative, 2421 Stockbridge Road, Apt. 13203 Thrive Business Centers, 1332 Teasley Lane TBC Services, 1332 Teasley Lane Le Macaron French Pastries, 2201 S. Interstate 35E Grand Nail Spa, 2200 W. University Drive, Suite 180 Coach Connect, 1514 Mission Hills Lane Marisol Exclusive Designs, 2100 Carriage Hill Foxy Fashions, 2201 S. Interstate 35E, Suite S17B Yoga with Andi, 5316 Sea Cove Lane Francis Professional Images, 9117 Wichita Lane The Nesting Bug, 2300 Windsor Farms Drive Naturally Clean, P.O. Box 2384 ACM & Sheet Metal Hernandez, 3422 Hummingbird Lane Drill Team Booster Club, 5101 E. McKinney St. Love CLX, 3328 Hummingbird Lane Unfancy, 415 Wainwright St. Fitness Factory, 921 Tallahassee Drive AAA Better Backflow Testing, 1625 Churchill Drive

AlphaGraphics #376, 2722 N. Josey Lane, Suite 100 Hot Spots, 3520 E. McKinney St. Perez Gradin, 4181 Silver Dome Road, Lot 57 La Cantina Bar, 4200 E. University Drive, Suite U Smart Looks, 524 W. University Drive D&R Unlimited, 1555 Nottingham Drive #5108 Denton Texans DBBI, 316 E. Oak St., Suite 105 Skyboost Communications, 3829 La Mancha Lane JM Restaurant and Catering Consulting, 603 Parkway Merit Memorial Funeral and Cremation Care, 1803 Locksley Lane DC Xtreme Volleyball, 6112 Countess Lane Five Star Notary Solutions, 6303 W. Shady Shores Road, Apt. 621 North Texas Pharmacy, 306 N. Loop 288 Blue Fairy Designs, 902 W. Hickory St. #4 Ear Counter Tops, 5615 Green Ivy Road GR Auto Sales LLC, 1000 Dallas Drive Triptych Records, 7400 N. Locust St. Triptych Events & Promotions, 7400 N. Locust St. Firehouse 22 Lawn/Landscape, 1818 Greenwood Drive The A Team, 2434 Lillian Miller Parkway Krikie Klean, 4937 Stuart Road #130 Starr Studios, 3916 E. McKinney St. #109 Southern Charm Realty Group, 1800 S. Loop 288, Suite 396-169 Fresh Morning Donuts, 703 Londonderry Lane THS Tanis Handyman Service, 2212 Pembrooke Place Origins Design Build Renovate, 300 Benjamin St. Taylor Painting & Remodeling, 901 Dudley St. My Sassy Canvas, 3400 Joyce Lane, Apt. 217 Sno-Meister, 201 Inman St., Apt. 14202 Blink Browz Art, 503 S. Locust St. Social Media Allie, 1301 Eagle Wing Lane Williams Services Group, 2321 Kingston Trace Patriot Pet Cleaning Services, 2021 Del Mar Court

Denton Chiropractic Center

Writing & Editing

ALAGOOD

Auto & work injuries accepted.

Mon. - Fri. 7-9, Sat. 7-6 I-35 at McCormick Se Habla Español.

Technical • Editorial • Promotional • POLICIES & PROCEDURES MANUALS • SPEECHES • TRAINING CURRICULUM • WHITE PAPERS • EVIDENCE-BASED RESEARCH ARTICLES • FEATURE ARTICLES

Internationally-published journalist | Certified educator | Ziglar speaker | UNT graduate

Gehan Homes 6508 Meandering Creek Drive 6713 Roaring Creek 9608 Creekmere Drive 6520 Meandering Creek Drive

WORK INJURY?

Amy Gallagher Amy@WriteARM.org | LinkedIn: Amy-Gallagher 817.793.0945 | unt.academia.edu/amygallagher

Snow Construction, 400 Lakeview Boulevard

Assumed Names

Photos by Jeff Woo

Vegan customers can choose from doughnuts in classic glazed, chocolate iced or strawberry iced — with or without icing on those last two. There are cinnamon rolls, breakfast tacos and pigs in a blanket, all made with certified vegan products.

“I sold out completely the first three days I made them,” Emily Summitt said. “I had to double the size of my batch and then double it again when that still wasn’t enough.”

She already has fans among a North Texan vegan group on Facebook where she initially went to ask for advice on what

Wickwood Development, 600/604 W. Sycamore St.

Robson Denton Developers LP 9904 Silver Rock Way 9700 Silver Rock Way 12713 Golden Rock Drive 10009 Baywood Court 9508 Greenstone Way

Sandlin Homes, 9416 Lakeway Drive

Dr. Marcus Villarreal DE-1694165-01

(940) 566-3232 www.dentonchiro.com

CARTWRIGHT BURKE Dr. Melissa Noell

We’re Here to HELP You!

DE-1684540-01

75068 Just Dip’N Ice Cream Treats, 9699 Lonesome Dove Drive, Little Elm Frost Creek Beverage LLC, 2729 Whispering Trail, Little Elm Blushing Blackkbird, 121 Mundelein Drive, Oak Point Wisdom SB Contractors LLC, 2701 Little Elm Parkway, Suite 100-574 The Enchanted Rose Floral Co. LLC, 732 Sundrop Drive, Little Elm Donald Wells, 1505 Elizabeth Creek Drive, Little Elm Lotus Juice Co. LLC, 1041 Ponderosa Ridge, Little Elm Lone Star Global Rescue Development Network LLC, 817 Mist Flower Drive, Little Elm K&J Tools Inc., 2408 Spruce Court, Little Elm

Perfect Synthetic Grass, 3692 Blagg Road, Denton PTC Powersports, 2170 Collins Road, Suite 302, Denton Discount Tires Plus Wheels, 4250 E. University Drive, Denton

REAL ESTATE LITIGATION PERSONAL INJURY BUSINESS

319 W Oak St • Denton 940-891-0003 • www.dentonlaw.com

. com

Debit Card Controls & Rewards OFF

Turn your debit card ON or OFF

Earn rewards anytime, anywhere on signature transactions

6

August 2018

D

BC

Denton Record-Chronicle

CHAMBER SPOTLIGHT #DentonMeansBusiness UPCOMING EVENTS

MEMBERSHIP MIXER SPONSORED BY NORTH TEXAS FAIR & RODEO

NITY

MMU

CO TON

DEN

ME,

-TI FULL

&S TIME

-

PART

NAL

EASO

Y ESDA 28, 201N8TER U T UR UST CIVIC CE G YO BRIN MES & AUG N U S RE CES 0PM ENTO

@ D M - 3:0 ills?

0A w sk ervie rvices t 10:0 in e& r Se

REN

REFE

R S FO DRES CESS C U S

e m 59 resu 8-62 Care your h NCTC (940) 49 g in r ll it a w ca prep ment tions t help point rksta Wan free ap e wo b search v a a r h Fo r will t your jo .com ente sis bfair Go C ite to as e tonjo il s b o .den nM o w w E w visit C AC NCT The

PRESENTED BY:

BUSINESS NETWORKING LUNCHEON

DISD NEW EMPLOYEE RECEPTION

Guest Speakers from Camp Gladiator

Since January 1, 2018, the Denton Chamber of Commerce and our Denton Convention & Visitors Bureau have promoted the Denton community via:

RIBBON CUTTINGS

Denton Chamber of Commerce Building: • 31,641 brochures distributed servicing more than 27,721 people with Denton literature • 1011 Denton maps and 392 Destination Denton relocation guides • 859 walk-in visitors and 1116 phone inquiries • Most inquiries come from: Texas, Oklahoma, California, Illinois, and Michigan Cheddar’s Scratch Kitchen

Discover Denton Welcome Center: • 7,193 brochures distributed • 4 81 Denton maps and 421 Destination Denton relocation guides • 4 1,844 walk-in visitors • Most visitors come from: Denton, DFW Area, Texas, Oklahoma, and California

DENTON CHAMBER OF COMMERCE BOARD OFFICERS Erik Clark..........................................................Chair of the Board Jill Jester ................................................. Chair-Elect of the Board Jim Fykes............................. Immediate Past Chair of the Board Monica Glenn......................................... Vice Chair of the Board

Greg Johnson ......................................... Vice Chair of the Board Amanda Oringderff ............................... Vice Chair of the Board Rick Wick................................................. Vice Chair of the Board Carrell Ann Simmons .....................................................Treasurer

DIRECTORS Lee Allison • Jason Bodor • Roy Culberson • Sheryl English • Russ Ellis • Gary Henderson • Michelle Houston Amy O’Keefe • Hector Mendoza • Lee Ramsey • Jeff Reecer • Pat Sherman • Randi Skinner

EX OFFICIO DIRECTORS Hugh Coleman ................................................................................................................. Denton County Commissioner, Pct. 1 Carine M. Feyten, Ph.D. ........................................................................... Chancellor & President, Texas Woman’s University Kerry Goree..................................................................................................................... Denton Black Chamber of Commerce Mary Horn ................................................................................................................................................... Denton County Judge Bob Moses ............................................................................................................Chair, Denton Convention & Visitors Bureau Larry Parker............................................................................................................ Economic Development Partnership Board Marty Rivers............................................................................................................ Economic Development Partnership Board Neal Smatresk, Ph.D...........................................................................................................President, University of North Texas Charles Stafford ............................................................................................................................Denton ISD Board of Trustees Aaron Newquist .................................................................................................................... General Chair, Leadership Denton Chris Watts.................................................................................................................................................. Mayor, City of Denton

July 7, 2018

— UPCOMING RIBBON CUTTINGS — Rose Costumes

Monday, August 20 4:00 PM 5800 I-35 N #508 Denton, TX

Hickory Creek Ranch Apartment Friday, August 24 4:00 PM 519 S Carroll Blvd #100 Denton, TX

NEW MEMBERS Contemporary Services Corporation

Mathnasium of Denton

Cain Insurance Solutions

Bauer Roofing & Construction

801 Stadium Drive #120 Arlington, TX 76011 (817) 274-0881

4305 N Garfield Street #202 Midland, TX 79705 (432) 687-1867

5017 Teasley Lane #143 Denton, TX 76210 (940) 808-1370 1406 N Corinth Street Corinth, TX 76208 (940) 279-4400

Carl’s Handyman 4500 Cattail Lane Denton, TX 76208 (469) 766-2734

Interested in Membership?

Call 940.382.9693

414 W. Parkway Denton, TX 76201 940.382.9693 Denton-chamber.org

In Denton!

America’s Drive-In Daily ur Happy Ho m p 4 2pm -

Denton • Crossroads • Paloma Creek Aubrey • Pilot Point • Sanger • Krum www.sonicdrivein.com/denton

Crown Chase Inn & Suites 2450 Brinker Road (940) 387-1000 bwdenton.com

Welcome to The Premier Life.®

To find out how our print, online and mobile advertising programs can help your business grow, call 940-566-6858 or email advertising@dentonrc.com