Do we like Dunkin'?
Coffee and doughnut chain, mostly franchised, run by Inspire Brands, based in Atlanta; Dunkin' is based in Canton, Massachusetts.
Our score: 4 out of 10. A hugely popular chain with a private-equity owner and a patchy record on pay and franchise disputes. We wouldn't rush to back it.
Dunkin' started as Dunkin' Donuts and grew into a huge franchised coffee chain. In December 2020 Inspire Brands, which is owned by Roark Capital, bought Dunkin' Brands for $11.3 billion.
Dunkin' now sits alongside Arby's, Baskin-Robbins, Buffalo Wild Wings, Jimmy John's and Sonic inside Inspire. Scott Murphy, a Dunkin' veteran of 20+ years, became interim CEO of Inspire in September 2026 while co-founder Paul Brown is on medical leave. Inspire filed confidentially for an IPO in May 2026.
On the drama side, a Quebec court ruled for franchisees against the company in 2012, with a judgment of about C$16.4 million, according to Dunkin' Brands' own SEC filing. In 2019, Dunkin' sued some franchisees, accusing them of "pervasive noncompliance" with federal employment-verification law.
The Private Equity Stakeholder Project, a group critical of Roark, says there have been over 450 US Labor Department investigations of Dunkin' stores since 2010, with over $1.5 million in back wages ordered. That's an advocacy group's framing. Put together, we'd call it a mixed bag, and we land at 4 out of 10.