Hello Everyone,
Just a recap from last week's ARB meeting (Thursday 3/6). ARB approved the signage for the 2nd Dunkin Donuts in town. So, the TBG Food Acquisition Corp has been officially permitted to open it's 2nd Dunkin Donuts in Pleasantville. When asked by an ARB member, the estimated planned opening, Peter Marrinan of the TBG Food Acquisition Corp responded "within 45 days". Sadly, it looks like Pleasantville will have a 2nd Dunkin Donuts opening across from the Jacob Burns and will experience heavy traffic in the AM. I'm looking forward to the grand opening. ;-)
A bit of background on who "TBG" is. TBG stands for "The Beekman Group". A private equity firm which owns a few dozen (about 30 or so) Dunkin Donuts, Taco Bell, and Baskin Robbins fast food franchises. Their focus is in Westchester. TBG already owns Dunkin Donuts in Scarsdale, Harrison, Pleasantville, Greenburgh, White Plains, Yonkers and Goldens Bridge as of July 2007.
Below excerpted from
http://www.westchestercountybusiness.com/archive/070207/0702070001.php4
A longtime resident of the Crestwood section of Yonkers, Marrinan joined The Beekman Group in February after 13 years with Dunkin’ Brands, where he oversaw the operations of more than 600 Dunkin’ Donuts stores in metropolitan New York. The soft-spoken executive is representative of TGB’s philosophy of “active, hands-on investment” built upon a close working alliance between its financial team and experienced operating management.
On a recent summer morning, Marrinan and Troiano watched and smiled as a rear parking lot filled with cars and a steady stream of customers passed through the front door of their newly remodeled Dunkin’ Donuts store on Halstead Avenue in the village of Harrison. The customer traffic moved more quickly than the vehicular traffic outside the small store, where street repairs were under way.
“We do 70 percent of our business between 7 and 10 a.m.,” said Troiano, a Harvard Business School graduate and a former partner and managing director of Onex Corp. before founding TBG in 2004. He knows that business volume pattern in part because, after acquiring the undermanaged bankrupt chain, he personally “counted people for six months” at various stores to recreate the business.
-Ben Serebin
Pleasantville Resident
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