Fosters Freeze logo

Fosters Freeze

Soft-serve ice cream, burgers, sandwiches, hot dogs, fries
Investment
$585,500
Initial Franchise Fee
$25,000
Units
59
Growth Rate
-7%

Overview

Industry
Food
Founded
1946
Franchising Since
1946
Parent Company
Mesh Brands
Leadership
Nimesh Dahya, CFO
# of Employees at HQ
6

Units and Growth Chart

About Fosters Freeze

Fosters Freeze was founded in 1946 by George Foster under the name Foster’s Old Fashioned Freeze. What originally started as a soft-serve ice cream and dessert joint soon became Fosters Freeze. Later, the brand added milkshakes, burgers, fries, parfaits, sandwiches, and mixed-flavor cones called twisters, making it a truly homely, family-type outfit. 

So popular is the Fosters Freeze franchise that it inspired a Beach Boys song and cameoed in several movies, most notably the 1994 cult classic Pulp Fiction.

Since 2015, Neal and Nimesh Dahya have run Fosters Freeze, looking to spread the familiar, fun, and awe-inspiring delight that has become synonymous with the brand over the years. No longer willing to confine themselves to just California, the Dahya brothers are now looking to develop even more franchises all over the United States.

Why You May Want To Start a Fosters Freeze Franchise

With Fosters Freeze, you may get an established supply chain which translates to quality control and price stability. As a franchisee, you may be protected from price fluctuations, which could give you the security you need to plan for the future and grow. Foster Freeze’s flagship model could allow franchisees to exploit a wide range of real estate opportunities, from stand-alone units, to co-located or confections restaurants offering drive-thru and walk-up service. 

Fosters Freeze is looking for franchisees with strong leadership and organizational skills who are passionate about giving their community a classic, nostalgic experience with outstanding service. Franchisees should also be hardworking, motivated, and willing to follow a proven franchise system.  

What Might Make a Fosters Freeze Franchise a Good Choice?

Opening a Fosters Freeze franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.

To be part of the Fosters Freeze 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.

How To Open a Fosters Freeze Franchise

Before making any financial commitment or signing an agreement with Fosters Freeze, you must 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 Fosters Freeze franchising team questions.

Franchisees may expect support and advice from industry veterans from the very minute pen meets paper. Franchisees will benefit from over 70 years of Fosters Freeze’s streamlined operating experience, from site selection and design to equipment acquisition and field assistance. 

New franchisees may enjoy multiple weeks of comprehensive training with senior management. This could help kickstart your Fosters Freeze franchise with all necessary knowledge, from technology to hiring personnel.

It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a Fosters Freeze franchise.

Investment Details

Initial Franchise Fee
$25,000
Initial Investment
$585,500 - $1,224,500
Net Worth Requirement
$600,000
Cash Requirement
$150,000
Royalty Fee
4%
Ad Royalty Fee
3%
Technology Fee
0
Term of Agreement
10 years
Is Franchise Term Renewable?
Yes
Financing
Third Party
Veterans Incentive
$10,000 off franchise fee

Available Territories

Franchising opportunities available in the following regions

United States

States

Alaska Alabama Arkansas Arizona California Colorado Connecticut District of Columbia Delaware Florida Georgia Iowa Idaho Kansas Kentucky Louisiana Massachusetts Maine Missouri Mississippi Montana North Carolina Nebraska New Hampshire New Jersey New Mexico Nevada Ohio Oklahoma Oregon Pennsylvania South Carolina Tennessee Texas Utah Vermont Wyoming
International

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
91 hours
Classroom Training
69 hours

Ongoing Support

Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection

Marketing Support

Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development

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
Are exclusive territories available?
Yes

Ranking History

Fosters Freeze performance in the Franchise rankings over recent years

No data available at this time.

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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