Cold Stone Creamery Creates Franchise Conglomerate
The former Inc. 500 company is joining forces together with Kahala, which manages Blimpie together with Ten other franchise brands.
Cold Stone Creamery, a former Inc. 500 company with over 1,400 ice-cream shops world wide, has merged together with Kahala, a good franchiser and also developer whose brands involve Blimpie as well as Ranch1, the companies announced Friday.
Typically the merging produces Kahala Cold Stone, a new holding company for 13 fast-food brands — including Cold Stone, Blimpie, The Great Steak & Potato Company, and additionally Johnnie’s NY Pizzeria, among others — which produce much more than $1.1 billion dollars in system-wide sales made, companies said. The brand new collaboration will certainly consist a lot more than 3,000 franchisees and 4,600 retail venues around 15 countries all over the globe. Simultaneously Cold Stone and Kahala are generally located in Scottsdale, Arizona.
As well as the increased sizing along with scale of the company, officials says the actual transfer positions Kahala Cold Stone regarding long-term progress, new channels associated with the distribution, and extra acquisitions associated with leading brands. The actual merging of each of those companies, which use traditionally already been franchise-centered brands, may also establish even further entrepreneurial opportunities with respect to owners and franchisees, officials said.
“Kahala Cold Stone will carry on with our joint devotion to creating franchisees profitable by way of increasing earnings, and will definitely enhance both of those organizations’ business possible by way of increased buying strength, real-estate relations, marketing leverage, as well as instruction know-how, among other expertise,” Doug Ducey, typically the chairman and CEO of Cold Stone, might have already been named CEO for this recently formed company, said within the statement.
As outlined by Jordan Levine, an area creator intended for Cold Stone in Massachusetts, the result of typically the merging will be specifically lucrative for Cold Stone Franchise within well-developed regions which include California, where store growth is undoubtedly virtually during it’s limitation. “As Cold Stone has become full-grown within some other marketplace where there aren’t far too many options to increase, franchisees have access to a whole various other portfolio connected with brands to select from if they wish to increase their business,” Levine said.
Cold Stone Creamery, a three-time Inc. Five-hundred company as well as third-largest soft ice cream idea in america, is renowned for its unique ice cream experience that enables customers to generate their own ice-cream blend coming from a wide variety of elements that are actually blended along side each other over a cold granite stone. Kahala includes obtained brands for Nineteen years and right now manages Eleven quick-service restaurant brands that are ordinarily found in food courts and strip malls.
Kahala Cold Stone, which will be headquartered within Scottsdale, Ariz., will in addition include: TacoTime; Surf City Squeeze; NRgize Lifestyle Café; WaffLO; Frullati Café and Bakery; Ranch 1; Rollerz; Samurai Sam’s Terriyaki Grill; V’s Barbershop; and additionally Cold Stone Creamery.
“Through this particular merging, 2 very good franchising powerhouses have joined forces in order to leveraging the very best each has to offer towards the advantage of our brands, franchisees, together with consumers,” Kevin Blackwell, founder and CEO associated with Kahala, who will now perform the duties of chairman and chief strategist with respect to Kahala Cold Stone, said within a statement.