First restaurant under new store development agreement planned to open in 2018
Dunkin’ Donuts, America’s all-day, everyday stop for coffee and baked goods, announced today the signing of a multi-unit store development agreement to establish seven Dunkin’ Donuts restaurants in the Raleigh-Durham market with existing franchisee Coastal Franchising, Inc. The group’s first restaurant under this agreement is planned to open in 2018.
Coastal Franchising, Inc., which is led by George Ross, currently owns 39 locations throughout the Carolinas, including four Dunkin’ Donuts restaurants and one Dunkin’ Donuts and Baskin Robbins multi-brand restaurant within Raleigh-Durham. With this seven-unit expansion, Coastal Franchising, Inc. will more than double its footprint in the Raleigh-Durham, Chapel Hill and I-85 corridor markets in North Carolina.
“We are excited to continue developing the Dunkin’ Donuts brand in the Raleigh-Durham area. The team we’ve formed has a proven track record in multi-unit restaurant development and we’re looking forward to our next phase of openings beginning next year,” said George Ross, Chief Executive Officer of Coastal Franchising, Inc. “As we expand throughout Raleigh-Durham over the next several years, we hope to attract new customers, as well as longtime fans of the brand, and show them the premium products and quality service we have to offer.”
There are currently more than 90 Dunkin’ Donuts restaurants located in the Greater Raleigh-Durham area, and over 200 in North Carolina, all serving the brand’s delicious menu of beverages and food. Dunkin’ Donuts offerings include hot coffee, iced coffee, Cold Brew, flavored coffees, lattes, macchiato, espresso, cappuccino, Dunkin’ Donuts K-Cup pods, frozen beverages, donuts, muffins, bagels, sandwiches, and a DDSMART menu featuring better-for-you items.
“Dunkin’ Donuts’ growth would not be possible without the continued support of our existing franchisees, who continue to demonstrate their high confidence in our brand and world-class support team,” said Grant Benson, CFE, Senior Vice President of franchising and development, Dunkin’ Brands. “Our hard-working and dedicated franchisees bring the Dunkin’ Donuts brand, products and promotions to life each and every day, and have been essential to our growth over the years.”
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 hot regular/decaf/flavored coffee, iced coffee, donut, bagel and muffin categories. Dunkin’ Donuts has earned a No. 1 ranking for customer loyalty in the coffee category by Brand Keys for 11 years running. The company has more than 12,300 restaurants in 46 countries worldwide. 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.
