Panama City Donuts LLC has acquired two Dunkin’ Donuts stores in New Orleans and plans to open five more.
The price was not disclosed.
In August, the Dunkin’ Donuts franchisee bought three Baton Rouge locations, also for an undisclosed amount, and announced plans for two more shops by 2017. Panama City Donuts also plans to open its first new location in New Orleans in 2017.
Panama City Donuts is led by Vik Patel, a franchisee with Dunkin’ Donuts for 10 years. Patel operates 31 restaurants in Florida, two in Alabama and three in Louisiana.
“We are excited to expand the brand’s presence in New Orleans and play an important role in the daily lives of people who live, work and visit here,” Patel said.