Canton, Mass-based Dunkin' Donuts said Wednesday that 86 new restaurants are slated for development in the Washington D.C. market by 2020.
15 development agreements were signed over the past year that will deliver 64 new restaurants, in addition to 22 restaurants that were previously contracted.
"These 15 agreements have essentially sold out Dunkin' Donuts development opportunities in the Washington D.C. Metropolitan area," said Grant Benson, CFE, vice president of franchising and market planning, Dunkin' Brands, Inc. "These deals represent a 50 percent increase in rooftops from the 125 restaurants in the market right now."
Hank Huth, an existing franchisee since 2008, signed the largest agreement for a total of 38 units which includes the acquisition of 16 existing restaurants, as well as purchasing a central manufacturing location in Washington D.C. Huth's restaurants will be developed from Pennsylvania Avenue west to Gainesville and half of his commitments are "inside the beltway."
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