Speedway to Close 100 Dunkin’ Donuts Units

Convenience-store retailer will remain a franchisee of the coffee, baked goods QSR

ENON, Ohio & CANTON, Mass. --Speedway LLC, the nation's second largest company-owned and -operated convenience-store chain, plans to close approximately 100 franchise-owned, Speedway-operated Dunkin’ Donuts kiosks in 2015 and 2016, Dunkin’ Donuts said during an investor presentation on October 1.

Dunkin’ Donuts convenience store

While Speedway would not comment directly on the plan to close the units, the company “reviews all marketing arrangements on a regular basis and chooses to expand or contract relationships on a site-by-site basis based on commercial reasonableness and site-specific market opportunity,” a spokesperson told CSP Daily News.

“Dunkin’ Brands today reiterated its full-year guidance for the development of 410 to 440 net new Dunkin’ Donuts restaurants in the U.S,” a Dunkin’ Donuts spokesperson said in a statement provided to CSP Daily News. “This does not include an estimated 100 franchise-owned Speedway-operated self-service units that Speedway plans to close during the remainder of 2015 and into 2016. These Speedway locations represent only 0.1% of Dunkin’ Donuts U.S. sales, and their closure presents Dunkin' Donuts with an opportunity to re-enter many trade areas with full-menu traditional restaurants. In fact, Dunkin' Donuts franchisees are opening a new restaurant every 16 hours."

Dunkin’ Donuts signed a 500-unit agreement with then-convenience retailer Hess Corp. in 2007, opening those locations through 2011. The companies signed an agreement to add 100 more Dunkin’ Donut units in 2012. Speedway acquired the Hess convenience-store network in 2014.

Speedway will remain a franchisee, Dunkin’ Donuts said.

With more than 19,000 points of distribution in nearly 60 countries worldwide, Canton, Mass.-based Dunkin' Brands Group Inc. is one of the world's leading franchisors of quick-service restaurants (QSR) serving hot and cold coffee and baked goods, as well as hard-serve ice cream. At the end of the second quarter 2015, Dunkin' Brands' nearly 100% franchised business model included more than 11,400 Dunkin' Donuts restaurants and more than 7,600 Baskin-Robbins restaurants.

Speedway, based in Enon, Ohio, has approximately 2,750 convenience stores located in 22 states. Speedway is a wholly owned subsidiary of Marathon Petroleum Corp (MPC), Findlay, Ohio.

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