Baskin-Robbins announces agreement for opening of four new shops in greater Los Angeles area; two locations to be in Orange County, one in San Fernando Valley, one in Chino Hills
November 11, 2013
– Burbank Seminar Planned for Nov. 13 to Present Additional Development Opportunities
Baskin-Robbins, the world's largest chain of ice cream specialty shops, announced today the signing of three store development agreements for the opening of four new shops in the greater Los Angeles area. Franchisee Binoy Kothari plans to open two locations in Orange County, Andy Chesler plans to open one in the San Fernando Valley and Farid Ahmed plans to open one in Chino Hills.
All three individuals are existing franchisees with the brand. Kothari's next Baskin-Robbins, opening by the end of the year in Hesperia, will be his fifth. He purchased three existing shops in High Desert in 2011. Chesler became a Baskin-Robbins franchisee in 1985 when he purchased stores in Granada Hills and Northridge. After years of experience in the service business, Chesler was attracted to the brand's simple operating model combined with delicious treats.
"Baskin-Robbins has six decades of experience refining its business system to offer a fun, rewarding business opportunity to new franchise candidates," said Grant Benson, CFE, vice president of global franchising and business development, Dunkin' Brands. "We are excited to expand our footprint in Southern California with Binoy, Andy and Farid, and we are confident they will continue spreading the fun and unique flavors of America's Favorite Ice Cream Shop to guests throughout their communities."
As the Baskin-Robbins brand continues to develop in California, the company is looking for entrepreneurs who meet its financial requirements, have a passion for their local communities and, of course, a love for ice cream.
Franchising executives will host a "Becoming a Baskin-Robbins Franchisee" seminar on Nov. 13 from 7 p.m. to 8:30 p.m. at the Baskin-Robbins Training Center located at 1201 South Victory Blvd. in Burbank.
Attendees will learn the benefits of joining the Baskin-Robbins brand and review opportunities available in the greater Los Angeles market. To register, visit http://franchisingevents.dunkinbrands.com.
As part of the company's growth plans, new franchisees who sign a development agreement in 2013 can take advantage of current development incentives, including a 10-year initial franchise fee payment plan whereby the $25,000 fee can be amortized over 10 years. Additionally, qualified candidates who timely develop shops will be able to enjoy reduced royalty rates of .9% to 2.9% over the first five years, which is a significant reduction from the standard royalty rate of 5.9%.*
Baskin-Robbins is also helping make business ownership a reality for U.S. military servicemen and women. For honorably discharged military veterans, the brand will waive the 20-year initial franchisee fee and offer a zero percent royalty rate for the first two years and reduced royalty rate years three through five.* This special veteran offer is for new franchisees only who sign an agreement in 2013 and timely develop shops.
Franchisees enjoy convenient hours of operation, minimal equipment and little product waste. They also benefit from award-winning training programs and comprehensive operating systems designed to help build business.
Baskin-Robbins was founded in 1945 by two ice cream enthusiasts who shared a dream to create an innovative ice cream store that would be a neighborhood gathering place for families. Today, over 300 million people visit Baskin-Robbins each year to sample from the more than 1,000 flavor creations available in its ice cream library, as well as enjoy its full array of frozen treats including ice cream cakes, frozen beverages and sundaes.
* For details, please see the Baskin-Robbins Franchise Disclosure Document.
Named the top ice cream and frozen dessert franchise in the United States by Entrepreneur magazine's 31st annual Franchise 500® ranking, Baskin-Robbins is the world's largest chain of ice cream specialty shops. Baskin-Robbins creates and markets innovative, premium hard scoop ice cream and soft serve, custom ice cream cakes and a full range of beverages, providing quality and value to consumers at more than 7,100 retail shops in nearly 50 countries. Baskin-Robbins was founded in 1945 by two ice cream enthusiasts whose passion led to the creation of more than 1,000 ice cream flavors and a wide variety of delicious treats. In 2012, more than 13 million ice cream cakes were sold in Baskin-Robbins shops worldwide. For the full-year 2012, Baskin-Robbins' shops had global franchisee-reported sales of approximately $1.9 billion. Headquartered in Canton, Mass., Baskin-Robbins is part of the Dunkin' Brands Group, Inc. (Nasdaq: DNKN) family of companies. For further information, visit www.BaskinRobbins.com.