The Buffalo News reports Timothy E. Cloe grew up a fan of Dunkin’ Donuts, recalling Saturday trips with his dad for a chocolate doughnut and a hot chocolate.
Now the Massachusetts resident is a Dunkin’ Donuts franchisee who has just taken on a big presence in the Buffalo market.
Cloe acquired 11 Buffalo-area locations formerly operated by Kainos Partners, a franchisee that went bankrupt. And Cloe’s deal with Dunkin’ Brands calls for him to open an additional 20 Dunkin’ Donuts locations in the market over the next several years. That will give him a total of 31 area locations, in a market that currently has 38 Dunkin’ Donuts, including the 11 he acquired.
Cloe said buying the Buffalo-area stores was an appealing idea to him, for a few reasons.
“This is a great area,” Cloe said. “I’ve had friends here all my life. Buffalo is a great market for the value proposition we offer.”
Cloe’s company, Northern Star Restaurant Management, already has 21 Dunkin’ Donuts locations in Massachusetts, after acquiring his first location there almost 11 years ago.
He also has local knowledge and management experience to draw upon. Northern Star’s chief financial officer, Doug Spolyar, is an Allentown neighborhood resident who has known Cloe for years from past business relationships.
Spolyar had been working in Wisconsin and welcomed the chance to return to upstate New York. He will oversee the day-to-day operations of the stores, and has a background with chains like Famous Dave’s and Papa John’s.
Cloe said he is considering moving here, but even if he stays in Massachusetts, he will spend time here. “Either way, I’m back and forth, it’s a one-hour flight.”
Cloe said he has not decided how quickly he plans to open the 20 additional locations. He said his first priority is to make sure the 11 he acquired — nine in Erie County, two in Chautauqua County — are performing to his expectations. Opening the new stores will also depend on when the right development opportunities come along, Cloe said.
Read More: The Buffalo News