Dunkin' Donuts Inks Deal with Gilligan Oil
Currently, Gilligan Oil owns and operates three restaurants in the Cincinnati market with the most recent location opening on 10809 Montgomery Road. Three more are in development and with this deal Gilligan Oil will have 12 locations open and operating by 2016.
In addition to the development agreement mentioned above, Dunkin' Donuts is seeking new and existing franchisees to develop restaurants throughout Cincinnati and the surrounding areas of Dayton and Toledo. To help fuel growth in Ohio, special development incentives are available which include reduced royalty fees for three years and an extra $10,000 in local store marketing for stores that open on time.
To drive its expansion efforts, Dunkin' Donuts has aligned its strategy to support the growth opportunities and consumer needs of individual markets. As a result, the company continues to expand with single and multi-unit opportunities with no minimum unit requirements.
Building a solid network of stores within a market enables Dunkin' Donuts to invest in a distribution model that provides a consistent, high-quality product guests expect "in the way and on the way" of their daily routines.
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.
Grant Benson, vice president of franchising and market planning for Dunkin' Brands, said: â€œDunkin' Donuts is excited to welcome Pat and his team back to the Cincinnati market. We are still looking to expand our presence here and are looking for qualified franchisees with foodservice, operations and real estate experience to join our team in Ohio and encourage prospects to take advantage of our special incentives.â€
Pat Gilligan, president and CEO of Gilligan Oil Company, said: â€œWe are excited to expand Dunkin' Donuts' presence in Cincinnati and play an important role in the daily lives of people who live, work and visit here. We have a strong passion and loyalty for the brand and look forward to the opening of our additional restaurants in the years to come.â€
Will the deal benefit the firms?
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