Dunkin' Donuts announced the signing of a multi-unit store development agreement with Roadrunner Markets for seven new restaurants in Tri-Cities, Tennessee, and the surrounding areas of Northeast Tennessee and Southwest Virginia. The first two locations are anticipated to open in 2011 and the remainder by 2015. Dunkin' Donuts development in Tri-Cities is part of a steady and strategic growth strategy, which includes expanding in existing markets while entering new cities across the country to help drive the leading coffee and bakery chain's growth.
Roadrunner Markets operates 90 convenience stores under the Shell, BP, Chevron, and Sunoco brands. The principals of the company have extensive experience in the development, acquisition, construction, and operation of convenience stores in the states of Tennessee, Virginia, North Carolina, and South Carolina. In addition, they have negotiated contracts, developed space, and acted as landlord for 16 fast-food franchises.
"We are excited to expand our portfolio to include Dunkin' Donuts and look forward to playing an important role in the daily lives of people who live and work in the Tri-Cities community," says Ryan Broyles, president of Roadrunner Markets.
"Dunkin' Donuts is excited to expand its footprint in Tri-Cities with Roadrunner Markets," says Grant Benson, chief financial executive and vice president of franchising and market planning for Dunkin' Brands Inc. "Our secret to success is our passionate franchisees that provide a high-level of customer service to our customers everyday, and we're confident Ryan and his team will grow and prosper in Tri-Cities."