Dunkin' Donuts continues its U.S. expansion with the announcement of a multiunit store development agreement in the Louisville, Ky., market. Pace Development LLC has signed an agreement for 15 new restaurants in the market, which includes 16 counties in Kentucky and Indiana. The first two locations are anticipated to open in 2011 and the remainder by 2016.
Dunkin' Donuts' development in Louisville is part of a steady and strategic growth strategy, which includes expanding in existing markets while entering new cities across the country to help drive the leading coffee and bakery chain's growth, the company said in a news release.
Scott Morris, president of Pace Development LLC, and his partners have extensive experience in owning and operating multiple franchises, including Subway restaurants. The company has experience in developing real estate throughout Kentucky and Indiana.
"We are proud to expand our franchise portfolio to include Dunkin' Donuts and look forward to playing an important role in the daily lives of people who live and work in the Louisville community," Morris said.
Additional franchise opportunities
The 15-unit Louisville deal sells out the market for future franchise development, but the company continues to seek new and existing franchisees to develop restaurants in Evansville, Ind., Nashville, Tenn., and Ottumwa, Iowa. The Louisville market also features 18 Dunkin' outlets in Thornton's gas stations/c-stores, offering a very limited beverage and bakery menu with no drive-thru. Those units will remain open.
In order to drive its expansion efforts, Dunkin' Donuts has aligned its strategy to support the growth opportunities and consumer needs of individual markets. Franchising opportunities range from large store-development agreements to a minimum of one or two units. Additional franchising opportunities also are available in a variety of cities in the United States within the Midwest, Mid-Atlantic and the Southeast.
