- Dunkin' Donuts (NASDAQ:DNKN) plans to develop eight new restaurants in Los Angeles, California. The first restaurant under the agreement with Precision Hospitality & Development is planned to open in 2018. The agreement closes out the company's first wave of franchise commitments since announcing the state would be open for franchise sales in January 2013.
- Over the past few years, Dunkin' Donuts has opened more than 30 restaurants and has signed more than 300 restaurants commitments throughout California, reaching one-third of its long-term franchise development goal for the state.
- Expansion on the West Coast of the U.S. is a major part of the long-term investment case for DNKN.
- Source: Press Release