Creamistry Ranked A Top Franchise In Entrepreneur’s Highly Competitive 40th Annual Franchise 500®
January 16, 2019 // Franchising.com // IRVINE, Cali - Creamistry - recently ranked in Entrepreneur magazine’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. Placement in the Franchise 500® is a highly sought-after honor in the franchise industry, as evidenced by the fact that Entrepreneur received more than 1,000 applications this year, making it one of the company’s most competitive rankings ever. Recognized as an invaluable resource for potential franchisees, the Franchise 500® ranks Creamistry as No. 209 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
The ranking comes on the heels of Creamistry’s celebration of a successful business year in 2018. The company opened 18 new stores bringing the unit count to a total of 60 locations with 200 locations in various stages of development. In addition, Creamistry took the brand globally with a major development deal and first store opening in China. Additionally, the brand continuously expanded its menu with three new permanent menu items. Creamistry’s hard work does not go unnoticed as the first half of 2019 foreshadows that the company will carry over its steady growth rate into the New Year with several stores slated for opening.
“It is an honor to be ranked and recognized by Entrepreneur alongside successful colleagues in the restaurant and franchise industry,” said Jay Yim, CEO of Creamistry. “When founding Creamistry, the goal has always been to provide superior product and service to our customers. To be recognized as one of the top franchises amongst over 4,000 active systems highlights our commitment to high-quality service, and dedication to our customers and franchisees.”
Creamistry was founded in 2013 after founder Jay Yim was first introduced to liquid nitrogen ice cream when he spotted a street vendor making it during a trip to South Korea in 2003. Born into a family of Korean bakers, Yim and his wife, Katie, made their first batch of homemade ice cream using liquid nitrogen with the help of his father as the quality control “chemist.” Over the next two years, the team experimented with over a hundred flavors and combinations, the best of which eventually became an integral part of Creamistry’s menu today.
Here’s how Creamistry works: Customers choose a portion size, then an ice cream base (signature premium, organic, vegan coconut and cashew, or non-dairy sorbet), one of 30+ flavors, and then toppings from a list of 35+ options that include candy, cookies and cereal, fruits, and sauces. The ice cream is then mixed, frozen, and scooped right before the customer thanks to the flash-freezing process. When the liquid nitrogen (-321° F) hits the ice cream mixture base it freezes so fast that ice crystals don't have a chance to develop, resulting in a decadently rich and luxuriously creamy ice cream with virtually no overrun.
“As we celebrate 40 years of producing the Franchise 500, it’s a good opportunity to step back and look at how much has changed since that first ranking in 1980,” says Jason Feifer, editor in chief of Entrepreneur. “While the franchise business model has changed little, the strongest franchise brands are constantly evolving and innovating to keep up with changing trends and technology.”
The key factors that go into the evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
Over its 40 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Creamistry’s position on the ranking is a testament to its strength as a franchise opportunity.
To view Creamistry in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2019 issue of Entrepreneur, available on newsstands January 15th.
Founded in 2013 and franchising since 2014, Creamistry is an Irvine, California-based franchise that serves made-to-order liquid nitrogen ice cream using all natural and organic ingredients that can be customized with over 60 flavors and toppings. Currently, there are over 60 shops open and operating in six states, with more than 200 additional locations in various stages of development worldwide. For more information, visit www.creamistry.com.
Josephine B. Mallari
Franchise Elevator PR
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