Frios
Frios Franchising Company, LLC offers franchises for mobile gourmet pops businesses operating Sweet Ride Vans, Happiness Hauler Trailers, or Nelson Carts that serve specialty gourmet ice pops and other menu items, with an option for wholesale sales to businesses within a designated territory. Franchisees must follow the Frios System, using proprietary products, supplies, and procedures to ensure brand consistency. The business model targets consumers seeking unique frozen desserts in a highly competitive, seasonal market against food trucks, ice cream shops, and other dessert vendors.
Franchise Costs
Fixed weekly royalty ($125+ depending on territories/weeks) + up to 2% brand fund (currently not assessed) + $250/mo technology fee
Financial Performance
Item 19 Financial Performance
Data Based On: Data based on 50 Operational Franchise Outlets that provided 'Number of Pops Purchased' for the 2024 Calendar Year.
* The provided financial performance representation for Operational Franchise Outlets in Item 19 consists solely of 'Number of Pops Purchased' for the 2024 Calendar Year, not dollar-denominated revenue or profit figures. Therefore, all dollar-amount financial metrics (average_gross_revenue, median_gross_revenue, revenue_top_quartile, revenue_bottom_quartile, average_net_income, average_net_profit, average_ebitda, best_guess_profit_low, best_guess_profit_high) are set to null as per the instructions which require dollar amounts for these fields. The 'Number of Pops Purchased' for the 50 Operational Franchise Outlets had an overall average of 29,972 and a median of 26,592, as reported in Tables 2, 3, and 4.
Extracted Item 19 Section
How Frios Compares
Key Insights
- One of the lowest investment costs in Food Truck (ranked #1 of 7)
- #3 largest franchise system in Food Truck
- One of the lowest SBA loan default rates in Food Truck
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Frios Current | $72K – $91K | $38K | N/A | 108 |
| TRAVELIN' TOM'S COFFEE | $202K – $255K | $15K | N/A | 258 |
| DONUTNV | $190K – $273K | $60K | N/A | 142 |
| Cousins Maine Lobster | $194K – $651K | $40K | 8.0% | 65 |
| Wild Bill's | $156K – $215K | $40K | 0.0% | 14 |
| On the Hook Fish and Chips | $619K – $1.1M | $50K | 7.0% | 3 |
Food Truck Average 7 franchises | $227K – $393K | $39K | 7.5% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 7 Food Truck franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+11 more states
SBA Loan History
Historical SBA 7(a) loan data for Frios franchisees (2018 – 2020)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
81 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
81 Contacts Available
Unlock all Frios franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a Frios franchise ranges from $71,615 to $90,654. This includes a franchise fee of $37,500.
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