410 in 2014: Dunkin’ Brands Looking to Expand
Dunkin’ Brands, which includes Dunkin’ Donuts restaurants and Baskin Robbins, has announced that they’re planning to open up to 410 new franchises across the United States in 2014. Currently, Dunkin’ Brands is on a 5% net annual development rate, and plans to stay on that path throughout this year.
Dunkin’s Brands has been privately owned since 2006 by Bain Capital Partners LLC, the Carlyle Group, and Thomas Lee Partners, LP. They had 5,000 United States locations in 2006, and plan open 15,000 franchises by 2020.
In 2013, Dunkin’ Donuts opened 371 new restaurants in Colorado, Texas, New York, and Utah. They also remodelled 527 Dunkin’ Donuts restaurants last year in 20 domestic markets. This remodel occurred after unveiling their new restaurant design.
As for the 2014 new restaurant plans, Dunkin’ Brands are looking to expand all over the United States, especially building on the “solid start” they’ve gotten on the West Coast. In order to build in this, they plan to open 100 traditional Dunkin’ Donuts restaurants across California.
Across the world, Dunkin’ Donuts plans to open 685 to 800 traditional restaurants worldwide through franchisees and licensees. This growth would put Dunkin’ Brands at more than double its current restaurants.