Entrepreneurs who invest in the iconic ice creamery may benefit from reduced fees and potentially save thousands of dollars
As the country begins to get back to normal, there’s never been a better time to pursue your dreams. Starting a new small business – especially an established one like Cold Stone Creamery®, is a smart career choice that gives you more control over your future and allows you to do something fun and exciting.
We wanted to share a really great financing benefit that’s part of the CARES Act that you may not be aware of to help franchisees lean towards making their franchising decision now with some special incentives. This benefit could lower your costs or make ownership easier if you act before the deadline.
As we understand it, new SBA loans funded before September 27, 2020, may have the payments — principal, interest and fees — forgiven for a six month period. One of our lenders, DCV Franchise Group, has stated this is not a deferral of six months, but rather a true forgiveness of payments. Moreover, for this program there will be no SBA guarantee fees included in new loans before Sept. 27, which may save franchisees several thousands of dollars depending upon the amount of their loan. To qualify for these savings, a franchisee must have their franchise agreement signed, lease signed and be approved by the lender so the time is now to act before it is too late. As always, a franchisee should check with their SBA lender to ensure the benefits are still available before acting.
For entrepreneurs who are passionate about ice cream and the customer in-store experience, Cold Stone Creamery® is a smart choice. Founded 31 years ago, our iconic ice creamery delivers the Ultimate Ice Cream Experience® through a community of franchisees who are passionate about ice cream. With nearly 1,500 locations globally, our smooth and creamy ice cream is handcrafted fresh daily in-store, and is then customized by combining a variety of mix-ins on a frozen granite stone.
How Will Cold Stone Creamery Support You In Business?
When you franchise with Cold Stone Creamery, you will never be alone in business. Not only is our iconic ice creamery one of the nation’s premier ice cream franchises, but we also are proudly backed by our parent company Kahala Brands™, one of the world’s fastest-growing franchising companies with a portfolio of 27 quick-service restaurant concepts. Our brand has staying power because our simple business model is easy to run and easy to scale.
Even better, our business model has helped hundreds of entrepreneurs fulfill their dreams of business ownership and allowed them to take control of their destiny for nearly three decades.
Whether you have industry experience or not, we will teach you everything you need to be successful. This includes marketing, development of business plans, fresh new products and more. At Cold Stone Creamery, we provide 120 hours of initial training and our ongoing training continues throughout your tenure with us.
“Cold Stone Creamery has one of the most robust training platforms in the entire franchise industry,” says John Wuycheck, SVP of Franchise Development. “Our franchisees make real investments of both time and money to franchise with Cold Stone Creamery, and we honor that by going above and beyond in providing an exceptional initial and ongoing training platform. We’ve been helping entrepreneurs establish new Cold Stone Creamery businesses for a long time, and we’ve built an iconic business model that requires no previous experience to become a top performer. As a franchisor, we’re honored to report that franchisee satisfaction is at an all-time high.”
Open a popular Cold Stone Creamery franchise
Bring an ice cream store to your community that’s likely to become a go-to destination for customers. Find out more by requesting a copy of our free Franchise Information Report or exploring the research pages on our franchise website.
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