Back in 2000, it was a ludicrous idea to invest in a frozen dessert shop. By 2010, it seemed like a smart idea that would see novelty success for a few years. Now it's 2015, and everyone is trying to get some skin in the game -- or rather, a scoop in the cone.
What Does That Mean for New Frozen Dessert Franchisees?
It's easier to look into the past than the future. But consumers won't vanish overnight. Current stats show we're years off from peak revenue for the frozen dessert industry. A big part of this comes from a greater product demand due to the growth in popularity of the frozen dessert market.
Buying a frozen dessert franchise makes for an easy and fast way to enter into this growing industry. This approach could cut years off how long it takes to set up your shop. This means you can jump in and enjoy your share right now.
What Do Frozen Custard Industry Stats Say?
Good news! According to IBIS World's 2010 to 2015 frozen yogurt industry analysis:
- At the moment, there are just shy of 400 frozen dessert businesses operating in the United States.
- These companies supply jobs for close to 20,000 Americans and bring in around $2 billion per year.
- From 2010 to 2015, there was a 20.6 percent annual growth for the frozen dessert industry.
These stats suggest that frozen dessert stores will continue to prosper for many years to come -- which is "music to the ears" for potential franchisees, as it means they can enter a gigantic industry poised for further growth. Even better, investors don't have to stress about being late to the game, since many cities have little competition in the frozen dessert market right now.