Kona Ice Ranks #52 on Entrepreneur Magazine’s 42nd Annual Franchise 500® List
January 25, 2021 // Franchising.com // FLORENCE, KY - Kona Ice announced today that it has been named to Entrepreneur magazine’s Franchise 500® list, considered the world’s first, best and most comprehensive franchise ranking. Rated number 52 in the “food category.”
“It’s such an honor to be recognized by Entrepreneur with this ranking year-over-year,” said Tony Lamb, CEO of Kona Ice. "Last year was definitely a challenging year, but a productive and innovative year and we feel very optimistic for what 2021 has in store for us. We look forward to continuing to grow into new territories, continue to offer our franchisees support and form new relationships.”
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.
“2020 was a challenging year for everyone, but it was also a year of unusual opportunity,” says Jason Feifer, Entrepreneur editor-in-chief. “Franchises were able to be nimble and innovative, serving the needs of franchisees and customers in ways that will resonate for many years to come. We believe that, when we eventually look back on this time, we’ll see it as a moment when many brands defined themselves for the future.”
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 the launch in June 2007.
Entrepreneurially spirited individuals interested in owning a Kona Ice franchise should have the ability to invest $127,750 – $151,550, which includes working capital and a typical franchise fee of $20,000.
Over its 42 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.
To view Kona Ice in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2020 issue of Entrepreneur, available on newsstands January 26th.
To learn more about Kona Ice, visit: www.kona-ice.com.
For more information about available franchise opportunities, visit: https://www.ownakona.com.
About Kona Ice
A true community ally renowned for facilitating endless fundraising options, Kona Ice has given $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 1,200-plus franchise units in more than 49 states.
About Entrepreneur Media Inc.
For 42 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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