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Ice Cream Franchises Enjoying Sweet Taste of Success According to New Franchise Direct Study
| Source: Franchise Direct
ATLANTA, GA--(Marketwire - September 29, 2009) - The ice cream franchise sector is displaying
strength despite the economic challenges of the moment, the latest
franchise report by Franchise Direct states. Franchise Direct, one of the
world's top franchise portals, has assessed the ice cream market after
examining the UFOCs of 18 franchises and in its ice cream franchise report, it found an
industry overcoming seasonality to provide a truly affordable luxury during
hard financial times.
Franchise Direct brings great expertise and knowledge of the franchise
industry to these studies. It has published a number of reports on various
franchising industries this year, assessing the pizza, coffee and
automotive franchise industries as well as the recently released rankings
of the Top 100 Global Franchises.
Ice cream franchises, like all businesses, are dealing with challenging
economic factors at the moment. This is simply another hurdle for ice cream
franchises, which exist in an industry which is, by nature, seasonal. But
Franchise Direct found that ice cream franchises have displayed a knack for
innovation in recent years that makes them somewhat immune to both changes
in the weather and the economy.
Industry-wise, the study found an industry that is consolidating. While
revenue across the industry has slipped 4% since 2004, total sales among
the top ten percent of ice cream franchises is up 32% over the same period.
The Franchise Direct study
found that the main consumers of ice cream are families and children, with
the African-American community particularly loyal to this industry. Of the
18 franchises assessed here, 8 have been franchising for four years or
less, which shows a developing industry.
While the quintessential image of the 1950's ice cream parlor continues to
exist in the minds of many consumers, today's ice cream franchises come in
many shapes and sizes. The classic ice cream stores like Ben & Jerry's and
Carvel now compete with specialist ice-cream franchises like Marble Slab or
Maggie Moo's or mobile ice-cream franchises like Coolcycle.
Ice cream franchises have a proven track record of innovation which
prepares them well for these uncertain economic times. With a range of
healthy, low-fat products and an interest in green technologies, ice cream
franchises have proven adaptable to changes in consumer taste. They have
responded accordingly to the recession, marketing ice cream as a tasty and
cheap treat.
Thanks to a perennially popular product and a range of franchise concepts,
ice cream franchises are displaying resilience in what continues to be
difficult economic times.
About Franchise Direct: Franchise Direct (www.FranchiseDirect.com) is one
of the world's leading portals for franchise and business
opportunities. Started as a single website for the promotion of
franchises in the US market in 1998, Franchise Direct now operates a suite
of six multilingual sites targeting North America and Europe.