Buffalo News:
Timothy E. Cloe grew up a fan of Dunkin’ Donuts, recalling Saturday trips with his dad for a chocolate doughnut and a hot chocolate.
Now the Massachusetts resident is a Dunkin’ Donuts franchisee who has just taken on a big presence in the Buffalo market.
Cloe acquired 11 Buffalo-area locations formerly operated by Kainos Partners, a franchisee that went bankrupt. And Cloe’s deal with Dunkin’ Brands calls for him to open an additional 20 Dunkin’ Donuts locations in the market over the next several years. That will give him a total of 31 area locations, in a market that currently has 38 Dunkin’ Donuts, including the 11 he acquired.
Cloe said buying the Buffalo-area stores was an appealing idea to him, for a few reasons.