For the first time in its 63-year history, Dunkin' Donuts, part of the Dunkin' Brands Group (NASDAQ:DNKN), will open restaurants in the Southern California market after signing multi-unit store development agreements with four franchise groups, the company announced today.
Combined, the four franchise groups have committed to opening 45 new Dunkin' Donuts in Southern California, with the first stand-alone facilities scheduled for 2015 in Orange and Los Angeles counties, Dunkin' Donuts said. In addition to its plans for stand-alone restaurants, some "non-traditional Dunkin' Donuts locations may open over the next several months," according to today's press release.
Paul Twohig, president Dunkin' Donuts U.S. and Canada, commented "Our continued focus on franchisee profitability and restaurant economics has made our long-awaited expansion into California possible, and we continue to believe that Dunkin' Donuts has tremendous domestic growth opportunities both east and west of the Mississippi."
The company has more than 10,500 restaurants in 31 countries.
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