Cold Stone Creamery logo

Cold Stone Creamery

Ice cream, sorbet, ice cream cakes, shakes
Investment
$335,675
Initial Franchise Fee
$27,000
Units
1,481
Growth Rate
+17.7%

Overview

Industry
Food
Founded
1988
Franchising Since
1994
Parent Company
MTY Franchising USA Inc.
Leadership
Eric Lefebvre, CEO
# of Employees at HQ
250

Units and Growth Chart

About Cold Stone Creamery

Cold Stone Creamery was founded in 1988 by Donald and Susan Sutherland in Tempe, Arizona. Previous to opening the first store, the Sutherlands had been constantly disappointed by prepackaged ice cream in stores and mass-produced ice cream at other ice cream parlors.

Now, over 30 years later, the Cold Stone Creamery name has become an international and household name. In the U.S. alone, the ice cream franchise has over 850 locations. There are also over 300 franchises located internationally. 

Cold Stone Creamery makes their ice cream fresh every day on site. Customers are allowed to add additional mix-ins to the ice cream to make their own unique creations. If customers do not want to make their own, Cold Stone Creamery does have a list of tried and true creations to choose from.

Why You May Want to Start a Cold Stone Creamery Franchise

Franchisees for Cold Stone Creamery do not need to have previous restaurant experience. The right franchisee should have a passion for ice cream and the Cold Stone Creamery products. They should also be assertive and a good team leader.

Opening a Cold Stone Creamery franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in the already crowded and competitive foods industry.

What Might Make a Cold Stone Creamery Franchise a Good Choice?

One of the unique features of Cold Stone Creamery is that the ice cream is made fresh in the store every day. The Sutherlands were frustrated with the chalk-like texture and taste of mass-produced ice cream brands. They wanted to give their customers fresh, creamy ice cream that was as unique as each customer.

To be part of the Cold Stone Creamery team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

Cold Stone Creamery has also partnered with third-party financial lenders that can help cover the costs of the franchise fee, startup, and equipment.

How To Open a Cold Stone Creamery Franchise

Before making any financial commitment or signing an agreement, it is crucial that you perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Cold Stone Creamery franchise team questions.

As you pursue opening a Cold Stone Creamery franchise, you will go through some training. The initial training consists of attending training that may be located at company headquarters in Scottsdale, Arizona and participating in in-store training for at least two weeks.

Franchisees will also spend many hours learning everything that goes into running a Cold Stone Creamery franchise. This includes aspects of running the business as well as making the ice cream. After opening your franchise, you will also receive monthly check-ins from support staff. 

Investment Details

Initial Franchise Fee
$27,000
Initial Investment
$335,675 - $655,275
Net Worth Requirement
$250,000
Cash Requirement
$120,000
Royalty Fee
6%
Ad Royalty Fee
3%
Technology Fee
0
Term of Agreement
10 years
Is Franchise Term Renewable?
Yes
Financing
Third Party
Veterans Incentive
20% off franchise fee

Available Territories

Franchising opportunities available in the following regions

United States International

Continents

Africa Asia Australia/New Zealand Middle East Europe (Eastern) Europe (Western) Central America Canada South America Mexico

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
80 hours
Classroom Training
40 hours

Ongoing Support

Newsletter
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection

Marketing Support

Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
10-15
Are exclusive territories available?
Yes

Ranking History

Cold Stone Creamery performance in the Franchise rankings over recent years

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022