Cold Stone Creamery Forms Franchise Conglomerate
Cold Stone Creamery Forms Franchise Conglomerate
By: Tamara Schweitzer
The former Inc. 500 company is joining forces with Kahala, which manages Blimpie and 10 other franchise brands. Cold Stone Creamery, a former Inc. 500 company with more than 1,400 ice-cream shops worldwide, has merged with Kahala, a franchiser and developer whose brands include Blimpie and Ranch1, the companies announced Friday.
The merger creates Kahala Cold Stone, a holding company for 13 fast-food brands — including Cold Stone, Blimpie, The Great Steak & Potato Company, and Johnnie’s NY Pizzeria, among others — that generate more than $1.1 billion in system-wide sales, the companies said. The new partnership will comprise more than 3,000 franchisees and 4,600 retail locations in 15 countries worldwide. Both Cold Stone and Kahala are based in Scottsdale, Ariz. …
[MORE]
Tell a Friend
Goofies at Cold Stone don’t know what they are doing. 75% Cold Stones are making loss and 50% will be closing in next one to two years. Instead of opeing new one find out the one that is up for sale. Most are. 90% of owners asre screwed up and will get out at any cost. I know because I had Cold Stone.