Jump to Navigation

Donut shop stalled

When a donut franchise owner wanted to move in to a Pennsylvania town and found a location that met with town approval, it seemed like a done deal for the new donut shop.

Now, however, the deal appears dead, with the donut franchisee unable to reach agreement with the owner of a closed car dealership on a contract for purchase.

The donut shop, set to be built in Carnegie, Pennsylvania, was to occupy the land at the corner of Chestnut Street and Mansfield Boulevard. The council president said the two sides chatted for months about the terms of a contract but were unable to make a deal. He said the search is on for a new location for the donut shop.

It is an unexpected turn since the deal seemed to be progressing. In the spring, the donut franchisee and the owner of the shuttered car dealership agreed in principal to an agreement for sale.

The general counsel and the vice president for the donut group confirmed that there now was no selected location in Carnegie, but that officials would continue to search for one. He said he could not spell out a schedule for a shop to open.

The donut franchisee could have some competition for building sites, however. The council president said other companies are looking to move to Carnegie, such as a fast-food restaurant that wants to buy a parking lot at the corner of Broadway Street and Mansfield Boulevard.

The council president said commercial businesses that want to move into town will need to be patient. He said businesses have come to learn that Carnegie is an ideal location in which to do business, and that it can take time to open shop.

Even deals that at first seem to be a sure thing aren't necessarily so. Negotiations take time to iron out.

Source: Pittsburgh Tribune-Review, "Dunkin' Donuts site in Carnegie not set," Doug Gulasy, Dec. 29, 2012

No Comments

Leave a comment
Comment Information
Subscribe To This Blog's Feed
Contact our firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Visit Our Real Estate Law Website >>

Office Location

Avallone Law Associates
215 South Broad Street
Fifth Floor
Philadelphia, PA 19107

Local: 215-253-3855
Toll Free: 877-223-0579
Fax: 215-545-3817

Map
Map & Directions
E-mail the firm

Privacy Policy | Business Development Solutions by FindLaw, part of Thomson Reuters.

FindLaw Network