Dunkin’ Donuts Franchisee Seeks Bankruptcy Protection

Bizjournals.com:

AlphaRock LLC and related companies, which own 18 Dunkin Donuts franchises on Florida’s West Coast, along with a bakery that supplies baked goods to 35 donut local stores, have sought court protection to reorganize under Chapter 11 of the U.S. Bankruptcy Code.

The Sarasota-based companies, which employ 200 people, list liabilities of more than $10 million and assets of less than $50,000, according to the June 5 petition.

In 2007, William Daly, who owned Dunkin’ Donuts in New Bedford, Mass., bought 18 donut shops in Sarasota, Manatee, Charlotte, DeSoto and Hardee counties. Five are combined with Baskin-Robbins franchised restaurants.