Canton, Massachusetts-based quick service restaurant chain,
Dunkin' Brands Group, Inc.
) - owner of Dunkin' Donuts and Baskin-Robbins brands - remains
steadfast in its goal to expand in the domestic market. In the
past few years, the restaurateur has signed several single and
multi-unit development agreements with franchisee in order to
seize growth opportunities and cater to consumer needs in
In a bid to beef up its footprint in the market of Colorado,
the coffee and doughnut maker recently entered into a multi-unit
deal with two franchisees - Doug Patterson and Cameron Stapleton.
Per the agreement, the company, in association with its partners,
will build three Dunkin' Donuts restaurants across northern
Colorado. One restaurant will debut in 2015 while the other two
are scheduled for a 2017 opening.
Stapleton will manage and control the company's daily
operations. These outlets will be in proximity to the Fort
Collins, Loveland, Greeley, Windsor and Estes Park areas.
Dunkin' Brands has been exploring the Colorado market for
quite some time now. In Sep 2013, the company unveiled a Dunkin'
Donuts unit in Denver, Colo.
As per the National Restaurant Association, the restaurant
industry in Colorado contributes considerably to the state's
revenues. According to the research organization, Colorado's
restaurants are expected to record $9.5 billion in sales in
With two state universities in the vicinity, the northern
Colorado market appears to be quite lucrative. There is also
scope for the Dunkin' Donuts brand to grow in the
under-penetrated areas like Colorado Springs.
These unit expansions are in line with the company's goal to
double its portfolio in the U.S. over the next 20 years. Further,
the company intends to open nearly 15,000 restaurants under the
Dunkin' Donuts brand in the U.S. within the next three to five
Dunkin' Brands, the market leader in the various coffee,
donut, bagel and muffin categories, boasts an attractive growth
story driven by its marketing strategy and menu innovation.
Currently, the annual development rate of the doughnut giant is
Dunkin' currently has a Zacks Rank #2 (Buy). Some other
players in the restaurant industry that are expected to perform
AFC Enterprises Inc.
Jack in the Box Inc.
Cracker Barrel Old Country Store, Inc.
). All these stocks carry a Zacks Rank #2
AFC ENTERPRISES (AFCE): Free Stock Analysis
CRACKER BARREL (CBRL): Free Stock Analysis
DUNKIN BRANDS (DNKN): Free Stock Analysis
JACK IN THE BOX (JACK): Free Stock Analysis
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