Dunkin’ Donuts plans 46 new restaurants in California
Canton, Mass. — Dunkin’ Donuts has signed a multi-unit store development agreement with Sizzling Donuts, an existing franchise group, for 46 new restaurants throughout the greater Sacramento, Calif., metro area and the surrounding cities of Stockton, Modesto, Tracy, Manteca, Placerville and Davis.
Over the past year, Sizzling Donuts has signed multi-unit store development agreements to develop more than 60 new Dunkin’ Donuts restaurant throughout Northern Utah, Denver, Colorado and Texas. The group currently operates 17 Dunkin’ Donuts restaurants in these markets.
Since opening California for franchise development last year, the company has executed store development agreements for more than 150 new free-standing restaurants. Franchise opportunities remain available throughout Northern California and portions of Southern California. Over time, plans call for as many as 1,000 restaurants throughout the state.
In an effort to keep the brand fresh and competitive, Dunkin’ Donuts offers flexible concepts for any real estate format including free-standing restaurants, end caps, in-line sites, gas and convenience, travel plazas, universities, as well as other retail environments.
Dunkin’ Donuts’ new look includes four distinct restaurant design options for franchisees, each featuring variations in layout, color schemes, graphics, textures, furniture and lighting. The designs enhance the current restaurant appearance, environment and layout.
Unlike other quick-service restaurants, Dunkin’ Donuts allows franchisees to select individual elements from any of the four options, creating a restaurant design that reflects personal tastes and preferences, and best serves a specific restaurant size and location.
New white paper addresses retail project management challenges
New York — A new white paper from Austin, Texas-based Accruent offers retailers insights into key project management challenges.
Called “The Business Case for an Automated Project Management Solution,” the paper discusses ways to maximize store profitability by reducing the time and cost required to open new locations. It also summarizes research findings that support automating project management toward portfolio-wide visibility and maximum real estate asset value.
To access the white paper, click here.
A&G Realty to dispose of 1,100 RadioShack stores
Following RadioShack’s surprise announcement that it will close 1,100 stores in an attempt to staunch the flow of red ink, the company has retained Melville, N.Y.-based A&G Realty Partners to manage the disposition.
“In the coming weeks we’ll be working with our landlords to find an efficient and cost-effective means to exit these unprofitable locations, and as such, we’ve engaged A&G Realty to assist us in this process,” said John W. Feray, RadioShack’s CFO, during a March 4 earnings conference call.
What will A&G Realty do? “We expect this may involve a negotiated lease termination payment in some cases,” continued Feray.
While lease termination payments may require relatively large cash outlays, Feray went on to say that those costs would be more than offset by cash generated from the liquidation of the inventory in those stores when they closed.
“Overall, we expect this to provide a benefit to liquidity,” Feray said.
While company officials speaking on the earnings conference call expressed optimism that the store closures and other cost containment efforts would turn the company around, many in the media weren’t buying it.
The headline in The Atlantic magazine read: “RadioShack is Doomed.” The Economist magazine’s blog trumpeted: “Dead brand walking.” The headline in Forbes said: “Will 1,100 Stores Closures Save RadioShack? Probably Not.”