Entrepreneur Magazine: After 15 Years, the Fosters Freeze Franchise Is Ready to Expand

Fosters Freeze , the iconic ice cream chain with over 70 years of experience in the restaurant industry, is finally expanding after 15 years of zero growth. The new owners of the restaurant chain, Neal and Nimesh Dahya, spoke with Entrepreneur Magazine regarding the new expansion and how they came into owning 64 new franchise locations.

“For the past five years, we’ve been seeing growth,” said Nimesh. “Sales were up nearly 20 percent in 2019, and 2020 outperformed 2019. The first few years were about modernizing the look and branding. Now we’re ready for the next step. It’s taken time, but one of our franchisees is now looking to open up a new store — and a new store has not been opened for the past 15 years.”

Nimesh and Neal told Entrepreneur that the last five years of their ownership has been all about building the foundation of the Fosters Freeze brand, and now they’re looking for new potential franchisees. With this new expansion, they are looking at neighboring states like Nevada and Arizona for new prospects due to the proximity and familiarity of the brand.