One of our selections, U-Swirl, just acquired two of its competitors, which may indicate that consolidation within the sector has already begun, a trend that has been predicted by many analysts.
Vancouver, BC (PRWEB) April 10, 2013
Franchise Chatter, an increasingly recognized authority in the franchise industry, has issued its first Top 10 list of best frozen yogurt franchises for investors that might be considering a venture in the sector.
"Franchise Chatter has been keeping a watchful eye on the frozen yogurt sector for the past two years due to rapid expansion in the category and the sheer number of companies aimed at gaining market share," said Ambrosio Cantada, founder of Franchise Chatter. "We have examined various models and considered numerous factors to come up with our list, which contains brands worthy of consideration by entrepreneurs considering an investment in a frozen yogurt store. We think it will be a valuable resource for investors."
The subscription-based website made its selections based on a number of criteria, including growth of the franchise, strength of the management team, differentiators that set the companies apart from their competitors, independent research, and extensive interviews conducted with company executives and franchise partners.
In naming Yogurtland as its No. 1 best franchise for investors, Franchise Chatter reported that the chain has the highest sales volume in the industry and has had an influential impact on the entire sector.
"Founder Phillip Chang propelled the emerging fro-yo segment to new heights by introducing the self-serve model, causing leading competitors to follow suit," the website says. "As a further differentiator, Yogurtland has proprietary flavors rather than relying on the same suppliers as most other franchises, creating the most interesting flavor choices for customers."
Menchie's, Orange Leaf Frozen Yogurt, Pinkberry, and Red Mango rounded out the top five franchises respectively. The entire Top 10 list, including the reasons for each company's inclusion, is posted on the Franchise Chatter website at http://www.franchisechatter.com.
Franchise Chatter notes that the $760 million frozen yogurt sector is one of the fastest-growing areas in franchising. IBISWorld, an independent industry and market research company, estimated 3.8% average annual revenue growth for the Frozen Yogurt Stores industry from 2007 to 2012; and it has forecast continued strength in the segment with revenue growing at an average annual rate of 2.2% during the next five years.
"One of our selections, U-Swirl, just acquired two of its competitors, which may indicate that consolidation within the sector has already begun, a trend that has been predicted by many analysts," Cantada said. "That's the kind of information we impart to our readers. Franchise Chatter will continue to monitor and report on the industry as it evolves over the coming years."
About Franchise Chatter
Founded in 2011, Franchise Chatter is a membership site that serves the franchise industry -- franchisees, franchisors, and particularly potential franchisees -- as a source for news, practical information, tips, reviews, and investment guidance with daily updates on long-established and newly emerging franchise companies. Through its regular features FDD Talk, Fro-Yo Files, Why Invest, and Franchise Mentor, the site analyzes franchise disclosure documents and Item 19 financial performance representations and features exclusive interviews with top franchise executives and franchisees.