Dunkin’ franchisee to buy 50 South Florida stores
A client of a Boston financial advisory firm is set to acquire 50 Dunkin’ Donuts locations in Broward and Palm Beach counties in a transaction valued at more than $50 million.
Joyal Capital Management announced on Monday that its client, Cafua Management, completed the purchase of 20 Dunkin’ Donuts stores in Broward and Palm Beach. Cafua has a deal to buy 30 more South Florida locations next month. With more than 300 locations in eight states, Cafua is now the largest Dunkin’ Donuts franchise owner.
“We had a vision of what we wanted to accomplish in growing our business,” Cafua CEO Mark Cafua said. “JCM was perfectly positioned to help us achieve that goal because of their long successful history in managing franchise deals.”
Joyal has advised Cafua for more than 15 years. It also helped Cafua secure debt for the latest Dunkin’ Donuts acquisition. The financing amount was not disclosed in Joyal’s announcement. — Eric Kalis