Two for One Ice Cream Franchise Consolidation

Article by Jim Coen

With over 25 years of franchise, marketing, and entrepreneurial experience, and the owner of Franchise Perfection, Jim Coen, brings key skills to franchise consulting for those interested in buying a franchise business opportunity. Jim has been a franchisee, worked for franchisors, ran a multi unit operation for a franchisee, and served as a franchise consultant matching candidates with the right franchise. At Franchise Perfection there is no perfect franchise, but there is always a perfect match. For over 20 years Jim worked with Super Coups. Super Coups is a MA based direct mail franchise business to business opportunity. Prior to Super Coups Jim successfully marketed franchises in the New England area for Uniglobe Travel Northeast a travel franchise, Merry Maids a maid cleaning franchise, & Emack & Bolio an Ice Cream franchise. Jim was the host of a popular radio show in the Boston Area called "Let's Talk Franchising" that was broadcast on AM 1060 WBIX The Boston Business Station. Jim currently serves on the Board of Directors of the New England Franchise Association (NEFA) www.nefranchise.org Read 51 articles by Jim Coen

NexCen Brands announced that it has entered into definitive agreements to acquire two ice cream franchise systems; MaggieMoo’s and Marble Slab, two well known and established brands within the hand-mixed premium ice cream category. NexCen, a brand management company, is acquiring the companies for a combined initial purchase price of $37 million, plus a potential earn-out of up to $2 million upon the MaggiMoo’s acquisition. These two transactions are expected to be completed before the end of the first quarter and will mark the first acquisitions for NexCen in the quick service restaurant (QSR) sector.

Robert D’Loren, NexCen’s president and CEO, noted: “These acquisitions will provide NexCen with two well positioned brands in the hand-mixed premium ice cream franchise category. With 520 existing franchises stores and 225 stores in the pipeline on a combined basis, these two brands will place us solidly as the number one player in quality and the number two player in the number of franchise units in the hand-mixed premium ice cream sector.

“There is a tremendous growth opportunity with these brands through organic growth and franchise licensing opportunities. We intend to grow these brands outside of the
US through our international franchise network currently operating in over 40 countries worldwide,” Mr D’Loren concluded.

The initial purchase price for MaggieMoo’s is $16.1 million. The Marble Slab acquisition is costing NexCen $16 million in cash, and seller notes in aggregate principal amount of $5 million that earn interest at 6% per annum and are payable one year from closing.

Read more about the 2fer Ice Cream Special: Let’s Talk Franchising

Similar Posts:

Start the discussion, why not leave a comment?

Leave a Reply




RSS Discussion Forum

  • Re: margins March 7, 2010
    You seem to be assuming there are profit margins.   Why is that?   Please be aware that you need to go back in time and recalculate old numbers for current lease obligations.   FuwaFuwaUsagi […]
  • Re: Searching for insights good/bad on Blimpies? March 4, 2010
    Is this the same Paul W. Steinberg who failed to pay the taxes on his franchise operations to the extent of over $33,000 with the result that NY State had to go to the expenses of issuing a series of Tax Warrants against him.  Go to:  http://appsext8.d... […]
  • margins February 28, 2010
    I am looking at a few fast food franchises and wondering what type of profit margins I should be calculating.  Guidelines? […]
  • Re: ARE CICIS PIZZA PROFITABLE February 17, 2010
    Quote from: FuwaFuwaUsagi on February 16, 2010, 05:03:15 PMThe Pundit writes:I was browsing through old posts and came across this one.  It's a great one for all to read.My reply:Thanks for the kind words Ryan, but did you up... […]
  • Re: ARE CICIS PIZZA PROFITABLE February 16, 2010
    The Pundit writes:I was browsing through old posts and came across this one.  It's a great one for all to read.My reply:Thanks for the kind words Ryan, but did you up my karma points - NOOOO!!!!!!  Cheap &(*%$&^ - LOL!!!Once a year, whether ... […]

Blog Categories

Old Posts