A dozen Dunkin’ Donuts locations are scheduled to open in the Dayton area over the next seven years.
The coffee and baked goods chain signed a deal with Giant Oil Inc. to develop 12 restaurants in Dayton. The franchisee, Giant Oil, plans to open a location in 2011 and the remaining 11 within the next five years.
Giant Oil, headquartered in the Tampa Bay area, has a background in the retail industry, as well as management, ownership and operation of convenience stores.
Lynette McKee, vice president of franchising for Dunkin’ parent company, Dunkin’ Brands Inc., said there is demand for Dunkin’s products in Dayton.
“These restaurants will satisfy a growing demand in the market for high quality coffee and baked goods that are available all day,” McKee said in a news release.
There is one Dunkin’ Donuts/Baskin Robbins location in the Dayton area, on Springboro Pike near the Dayton Mall.
In addition to the 12 locations Giant Oil will develop, Dunkin’ Donuts is looking for additional franchisees to develop a minimum of three locations in the surrounding areas of Springfield, Tipp City, Middletown, Eaton and Lima.
Dunkin’ Donuts is looking for franchisees who have a net worth of $1.5 million and liquid assets of at least $750,000, McKee said. In addition, the franchisee or management team should have restaurant experience.
The average Dunkin’ Donuts store employs between 20 and 30 people.
McKee said Dunkin’ has decided to ramp up its presence in Dayton as a part of its growth strategy of expanding in existing markets and finding new markets across the country.