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Business Observer Tuesday, Feb. 11, 2020 7 months ago

Fast-casual dining company buys 47 Dunkin’ locations

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Agreement can be expanded to include six more stores.

NAPLES — Southeast Enterprise Holdings, a Southwest Florida subsidiary of a Michigan-based franchise company with a focus on fast-casual dining, has acquired 47 South Florida Dunkin’ locations.

Terms of the acquisitions weren’t disclosed.   

The locations are in the Miami, Ft. Lauderdale and West Palm Beach markets, according to a statement, and will be led by Southeast Enterprise’s new CEO, George McAllan, a former Dunkin’ vice president of international operations. The parent company of Southeast Enterprise Holdings is Commerce Township, Mich.-based Askar Brands, with a portfolio that includes Papa Romano’s, Papa’s Pizza To-Go, Breadeaux Pizza, Mr. Pita, Stucchi’s Ice Cream and CJ’s Brewing Co.

“We’re proud of the growth that Askar Brands has seen over the past several years, and we’re excited to add the Dunkin’ brand to our family of franchises,” Askar Brands Chairman and Founder Casey Askar says in the statement. “With George McAllan leading the charge of Askar Brands’ new Dunkin’ division, SEH, along with his experience with the Dunkin’ brand, we know these restaurants will cultivate lasting customer relationships and continue to be integral parts of their local communities.”

Within the agreement, SEH acquired a store development agreement for the exclusive development of six restaurants in Southwest Broward County (including Pembroke Pines and Miramar) and Northwest Dade County (including Opa-Locka, Palm Springs North, and Miami Gardens) over the next five years, the release states.

“With Casey’s vision, our team has a solid growth plan to grow the Dunkin’ brand in South Florida, a significant growth market for all Dunkin’,” McAllan says in the statement. “Our focus for the near future will be on improving our stores’ customer service and processes, along with remodeling with the new Dunkin’ footprint, as well as establishing new restaurants in the marketplace.”

 

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