Dunkin’ details expansion plans

File photo by Emile Wamsteker of Bloomberg News.
File photo by Emile Wamsteker of Bloomberg News.

Dunkin’ Donuts, the Canton-based coffee-and-baked good chain, said today it is continuing its westward expansion, recruiting franchisees for markets in Denver, Colorado Springs, Houston, Waco, Lincoln, Omaha, Oklahoma City, Tulsa, Santa Fe, and Albuquerque.

Dunkin’ said that it expects that restaurants in these new markets will begin to open in early 2013. 

The company has more than 9,700 restaurants worldwide and reported system-wide sales of $6 billion in 2010.

In July, the chain’s parent company, Dunkin’ Brands Group, began selling stock shares to the public. The proceeds from the shares, which represent 19.7 percent of the company, will be used to reduce about $475 million in debt.

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Dunkin’ Donuts, which seems to be ubiquitous in its home market of New England, has been pursuing an ambitious expansion strategy since Dunkin’ Brands was acquired by a trio of private equity firms about five years ago for $2.43 billion. At the time of the deal, Dunkin’ Donuts had roughly 5,000 US locations. The company said then that it was looking to boost that number to nearly 15,000 US locations by 2020.

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