Two months ago, Dunkin' Brands (NASDAQ:DNKN) revealed plans to develop some three dozen Dunkin' Donuts shops "stretching from Salt Lake City to Denver to El Paso over the next several years," beginning in El Paso. Now it seems the company's going to shift the effort even farther east.
On Wednesday, Dunkin' announced it has signed a multi-unit store development agreement with existing franchisee New York Donuts Group to open eight Dunkin' Donut restaurants and one Dunkin' Donuts/Baskin-Robbins combination location in Houston. The first restaurant is planned to open in 2014, and the rest of the shops should be up and running by 2020.
Dunkin' isn't stopping there, either. In the same press release in which it announced the New York Donuts Group franchise expansion, Dunkin' took the opportunity to invite prospective partners to contact it to open other locations throughout Texas, including in Beaumont, Rio Grande Valley, and Victoria. Additionally, the company says it's looking for partners to help develop Baskin-Robbins locations in Houston and Austin.
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