Summary
Cliff Kennedy, CEO of Frios Gourmet Pops, shares his journey from working in the family business to becoming a franchise owner and eventually the franchisor. Frios is a mobile, low-cost franchise that sells hand-poured gourmet popsicles. The company experienced a transformation during the COVID-19 pandemic, shifting to a mobile model and focusing on community events. Frios offers multiple revenue streams, including events, wholesale accounts, and cart sales. The franchise opportunity is simple to operate and appeals to a wide range of candidates. The investment cost is around $75,000, and the territories are based on zip codes.
Takeaways
Chapters
00:00
Introduction
00:50
Cliff Kennedy's Background
04:04
Transition from Family Business to Frios
05:00
Becoming a Franchisor
06:26
Transformation of Frios
09:43
Bringing in Patty Rother for Support
10:23
Shift to Mobile Franchising
12:20
Supply Chain and Distribution
13:48
Attributes of Frios as a Franchise Opportunity
15:41
Revenue Streams
20:14
Ideal Candidate for Frios Ownership
21:34
Territory Structure
22:31
No Look Pass Opportunity
23:29
Number of Franchisees and Growth
26:39
Investment Cost
28:34
Item 19 and Validation
30:04
Conclusion
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Mike Halpern, CAFC
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