Kona Ice Earns Notable Distinction on Entrepreneur Magazine’s Fastest Growing Franchise Ranking
Mobile Shaved Ice Truck Franchise Recognized for Its Expansion Nationwide
April 01, 2020 // Franchising.com // FLORENCE, Ky. – Kona Ice announced today that it has been named to Entrepreneur magazine’s Fastest-Growing Franchise list for the eighth year in a row. This year, Kona Ice ranked as number 15.
Companies are leveraging their ability to scale fast and take their franchisees along with them. Entrepreneur’s fastest growing rankings are based on the number of new franchise units added in the United States and Canada from July 2018 to July 2019, as verified by Entrepreneur magazine, with ties broken based on percentage growth. These franchises are pulled from Entrepreneur’s 2020 Franchise 500 list.
“I am incredibly humbled by the passion and dedication our franchisees have for the brand,” said Tony Lamb, CEO and founder of Kona Ice. “It is their commitment to growing the brand in their local communities that has lead to Kona Ice’s overwhelming success.”
The recognition received by Kona Ice highlights the expansion made by the company from July 2018 to July 2019. The addition of more than 130 trucks in the year brings the brand’s total number of trucks to over 1,180 in communities across the United States.
“The 150 companies on this list recognize the importance of working with current franchisees to expedite growth,” said Jason Feifer, editor-in-chief at Entrepreneur Magazine. “These companies know how to successfully position growth, aiding their franchisees to flourish and expand in target markets.”
Bringing tropical tunes and cups of shaved ice everywhere it stops, Kona Ice offers its distinctive blend of entertainment and gourmet frozen treats across 49 states. Equally as appealing as the icy treats that the brand offers is its philanthropic commitment in the communities it serves. Nationwide, Kona Ice has donated more than $82 million to community-based organizations since its launch in June 2007.
Entrepreneurially spirited individuals interested in owning a Kona Ice franchise should have the ability to invest $127,800 - $151,600, which includes working capital and a typical franchise fee of $15,000.
Over its 41 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Kona Ice’s position on the ranking is a testament to its strength as a franchise opportunity and enthusiasm for growth.
To view Kona Ice in the full ranking, visit: https://www.entrepreneur.com/franchises/fastestgrowing
To learn more about Kona Ice, visit: www.Kona-Ice.com.
For more information about available franchise opportunities, visit: www.ownakona.com.
About Kona Ice
A true community ally renowned for facilitating endless fundraising options, Kona Ice has given more than $82 million back to neighborhood schools, organizations and teams since its inception in 2007. The brand's iconic truck offers customers a one-of-a-kind experience, featuring the opportunity to create their own shaved ice on the self-serve Flavorwave™, while enjoying the soothing sights and sounds from the tropics. Currently, there are 1,000-plus franchise units in more than 49 states.
For more information about booking Kona Ice for a fundraiser or event, visit www.kona-ice.com. To learn more about available franchise opportunities, visit www.ownakona.com or call (800) KONAICE.
About Entrepreneur Media Inc.
For 41 years, Entrepreneur Media Inc. has been serving the entrepreneurial community providing comprehensive coverage of business and personal success through original content and events. Entrepreneur magazine, Entrepreneur.com, and publishing imprint Entrepreneur Press provide solutions, information, inspiration and education read by millions of entrepreneurs and small business owners worldwide.
To learn more, visit entrepreneur.com.
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