Cinnabon Opens 26 Bakeries, Announces Development Agreement for More <b></b>
Atlanta - Cinnabon, a subsidiary of AFC EnterprisesInc., announced that it signed development agreements with two newfranchise partners and extended agreements with current franchisepartners that have committed to build 32 new Cinnabon bakeries.
"The previous owners of Cinnabon followed the philosophy ofhaving a large number of company-owned bakeries," explainsD'Wayne Tanner, vice president of new business development."We've taken a different approach which allows us to growthe brand faster as a franchise company."
Following that philosophy, Cinnabon has started sellingcompany-owned units in outlying markets. Since AFC Enterprisesacquired the brand in 1998, the company has converted 17company-owned units to experienced franchise partners. The companyis looking to convert more bakeries in markets such as Boston;Kansas City, Missouri; Central Florida, Alabama, Ohio, Indiana,Salt Lake City and Tennessee. -AFC EnterprisesInc.