Premium ice cream has been a booming industry for quite a few years now, and that fact is not going unnoticed by investors. Many would-be franchisees, both novices and experts alike, are lining up to get into the premium ice cream game.
If you’re one of these people, or even if you’re just now considering the franchise, this guide was designed to give you all the Cold Stone Creamery franchise information you need.
About the Company
Despite only being around for a short time, Cold Stone Creamery has already established itself as a leader in premium ice cream. The chain is known for its wide array of mix-ins, which allow for thousands of flavor combinations.
The franchise started in Tempe, AZ, in 1988. Opened by Donald and Susan Sutherland, it soon spread across Arizona, and later, the rest of the United States and across the world. The chain merged with Kahala Corp. in 2007.
Currently, there are approximately 1,400 Cold Stone franchises in operation domestically and abroad.
Costs of Cold Stone Franchising
In order to become a franchisee, you must submit an application and be approved by the company. They require $250k net worth with at least $100k in liquid (non-debt) assets.
The franchise fee is $27k, and the company estimates that startup costs can range from $277k-464k. Once operational, the company takes 6% of gross profits, plus an additional 3% that goes towards marketing initiatives.
Many other fast food franchises have startup costs that are at least double that of opening a Cold Stone, making it one of the more inexpensive franchising options.
Cold Stone prides itself on providing franchisees with top-level support, both before and after opening.
Before you open your store, you are invited to “Cold Stone University” at the corporate office in Scottsdale, AZ. Here, you will be shown the ins and outs of running your location. The company requires 40 hours of classroom training and 80 hours of in-store training before you open your doors to customers. You will learn about the brand, corporate support, marketing, operations, and you’ll be shown how to operate a successful franchise during this week.
You are also eligible to have a Cold Stone expert come to your location for personalized training. There, they will cover any and all issues specific to your restaurant. If you require further assistance, the company offers a support hotline for franchisees.
Cold Stone’s hours of operation varyby location, but can be from 11:00 am to 11:0 pm. This favorable schedule allows franchisees to attain a rewarding work/life balance, and is one of the primary selling points for many franchisees.
Because each store only has about a dozen employees and limited equipment, the demands on the franchisee are less than comparative franchises.
This Cold Stone Creamery franchise information was intended to help you make a decision about investing in the corporation. Now is an ideal time to join the Cold Stone team, as they are currently expanding their operations at home and overseas.
If you’re looking for a fairly low-risk, high-reward franchise that offers fantastic corporate support and won’t demand all of your free time, Cold Stone Creamery may just be what you’ve been searching for.