Began in 1936 by Lawrence Shipley, Shipley Do-Nuts (colloquially known as Shipley's) is an American doughnut company and coffeehouse chain with more than 300 franchised stores in the Southern United States. When Shipley first created his recipe, his doughnuts were cut by hand and served warm during the day, and sold for $0.05 (equivalent to $0.98 in 2021) per dozen. Shipley and his family worked at their original bakery on 1417 Crockett Street in Houston, Texas. Shipley's goal was to continue selling hot doughnuts to customers. He said "When they bite into that hot doughnut, it will bring them back every time".