Dunkin' Donuts Announces Plans For 24 New Restaurants In Austin, Texas, With Coffee Action West, LLC
Dunkin Brands Grp., Inc. (MM) (NASDAQ:DNKN)
Historical Stock Chart
5 Years : From May 2011 to May 2016
CANTON, Mass., Dec. 3, 2012 /PRNewswire/ -- Dunkin' Donuts, America's all-day, everyday stop for coffee and baked goods, announced today the signing of a multi-unit store development agreement with new franchise group, Coffee Action West, LLC, for 21 traditional Dunkin' Donuts restaurants and three Dunkin' Donuts/Baskin-Robbins combination units in the Austin, Texas, Metro Area. Coffee Action West, LLC has also acquired an existing Dunkin' Donuts corporate restaurant in Round Rock and a second in Austin Proper. Their first new restaurant in the market is planned to open in early 2013 in Cedar Park, Texas, a Northwest suburb of Austin.
Coffee Action West, LLC is comprised of partners that include former University of Texas football standout Colt McCoy and QSR industry veteran Dale Mulvey. The company is financed by Michael Karsch, the founder of a New York based investment management firm.
"We are excited to expand Dunkin' Donuts' presence in the Austin Metro Area and play an important role in the daily lives of people who live, work and visit here," said Dale Mulvey, Dunkin' Donuts franchisee. "We have a passion and loyalty for the brand and look forward to the opening of our Dunkin' Donuts restaurants in the years to come."
Although the Austin Metro Area market is no longer available for franchise sales, development opportunities throughout Texas remain in the eastern, southern and western parts of the state. To drive its expansion efforts, Dunkin' Donuts has aligned its strategy to support the growth opportunities and consumer needs of individual markets. As a result, the company continues to expand with single and multi-unit opportunities with no minimum unit requirements.
"Our secret to success is our passionate franchisees who provide a high-level of customer service to our guests every day," said Grant Benson, CFE, vice president of Development, Dunkin' Brands. "We believe these new franchisee partners will cultivate lasting customer relationships and become integral parts of their local communities."
Building a solid network of stores within a market enables Dunkin' Donuts to invest in a distribution model that provides consistent, high-quality products that guests expect. In an effort to keep the brand fresh and competitive, Dunkin' Donuts offers flexible concepts for any real estate format including free-standing restaurants, end caps, in-line sites, gas and convenience, travel plazas, universities, as well as other retail environments.
Since the 1950s, Dunkin' Donuts has been a daily ritual for millions of people. For more than 60 years, Dunkin' Donuts has offered delicious food, beverages, and friendly service at a great value. To best serve its guests, Dunkin' Donuts offers an all-day menu including iced coffee, flavored coffees, lattes, Dunkin' Donuts K-Cup® Packs, Coolatta® frozen drinks, muffins, bagels, breakfast sandwiches, and a DDSMART® menu featuring better-for-you items. The three Dunkin' Donuts/Baskin-Robbins combination units will also feature Baskin-Robbins' wide variety of ice cream flavors, ice cream sundaes, frozen beverages and ice cream cakes.
Further demonstrating Dunkin' Donuts' strong commitment to Texas, in 2010 the brand and The Culinary Institute of America (CIA) dedicated the nation's ﬁrst Dunkin' Donuts baking and pastry classroom, located on the CIA's San Antonio, Texas campus. Dunkin' Brands made a $900,000 pledge to become a founding donor of the CIA's "El Sueno" initiative, which educates students and industry professionals about traditional Latin American baked goods and provides them with industry-speciﬁc skills.
To learn more about Dunkin' Donuts, visit www.DunkinDonuts.com or follow us on Facebook (www.facebook.com/DunkinDonuts) and Twitter (www.twitter.com/DunkinDonuts).
About Dunkin' Donuts
Founded in 1950, Dunkin' Donuts is America's favorite all-day, everyday stop for coffee and baked goods. Dunkin' Donuts is a market leader in the regular/decaf coffee, iced coffee, hot flavored coffee, donut, bagel and muffin categories. Dunkin' Donuts has earned the No. 1 ranking for customer loyalty in the coffee category by Brand Keys for six years running. The company has more than 10,000 restaurants in 32 countries worldwide. For the full-year 2011, Dunkin' Donuts' restaurants had global franchisee-reported sales of approximately $6.4 billion. Based in Canton, Mass., Dunkin' Donuts is part of the Dunkin' Brands Group, Inc. (Nasdaq: DNKN) family of companies. For more information, visit www.DunkinDonuts.com.
For more information, visit www.dunkinfranchising.com.
SOURCE Dunkin' Donuts