Dunkin' Brands Group Inc., operator of the Dunkin' Donuts and Baskin-Robbins chains, said Monday that it plans to open 25 new Dunkin' Donuts locations in Texas over the next several years.
Dunkin' Brands said that the development deal is with three franchise groups for restaurants in San Antonio and Houston. Terms were not disclosed.
The deal calls for franchisee 521 Interests Ltd. to create 16 Dunkin' Donuts in Houston, with the first location expected to open next year and the rest by 2018.
Franchisees Rick Molina and Guy Ellison are planning five Dunkin' Donuts for San Antonio. Their first restaurant is expected to open this year, with the remainder by 2016.
And Kishore Samtani is expected to open four restaurants in San Antonio, with the first slated to open in 2013 and the rest expected by 2016.
Dunkin' Brands said that its new Texas locations are part of its goal to double the number of Dunkin' Donuts restaurants in the U.S. over the next 20 years.
The company also has an agreement in place with the family of Dallas Cowboys owner Jerry Jones and former Cowboys' quarterback Troy Aikman. That deal includes plans to open at least 50 new Dunkin' Donuts locations in the Dallas/Fort Worth area over the next five years.
Dunkin Brands, based in Canton, Mass., went public in July. It has more than 10,000 Dunkin' Donuts restaurants globally, including more than 7,000 in the U.S.
The company's stock slipped 10 cents to $30.95 in late morning trading. Shares have traded between $23.24 and $32.44 since its debut.