7700 Irvine Center Drive, Suite 550 Irvine, California 92618
We are a California limited liability company. Our address is 7700 Irvine Center Drive #550, Irvine, California 92618. Our phone number is (949) 892 2699. See Exhibit P for our agents for service of process and regulatory agencies. We were formed in 2003 to operate the franchise system for Tastee Freez quick service restaurants. Before 2003, the Tastee Freez franchise system was operated by our predecessor Tastee Freez International, Inc., which incorporated in Michigan in 1982. We acquired the TasteeFreez trademarks, goodwill and franchise agreements in 2003.
We offer and sell quick service restaurants/stores, called Tastee-Freez. We offer two types of Tastee-Freez franchises. One features only soft serve ice cream products. The other features soft serve ice cream products and hamburgers, hot dogs, fries, drinks and a variety of related menu items. For a restaurant operator, we offer to let you add Tastee-Freez soft serve ice cream products to your menu. The Tastee-Freez franchise lets you offer customers the products and services we designate. You purchase, lease or sublease the location for your restaurant and the furniture, fixtures and equipment. You hire your employees and operate your restaurant. There is a well-developed market for quick service restaurants. Your customers will be all types of consumers who want a good meal or dessert, or both, served quickly at a reasonable price. You will compete with other restaurants, quick service restaurants, dessert and snack businesses, including franchises, chains and individually-owned restaurants, and other meal and dessert options, like food trucks, dining at home and grocery store deli-counters. Your competitive advantage will be based on following our standards and guidelines, your entrepreneurial and managerial abilities and focus on customer service in your restaurant. You must comply with laws and rules on operating a restaurant, health, safety and sanitation health department and inspections, menu and menu board labeling, providing calorie and nutrition information, smoking restrictions, posting notices of chemicals and health hazards, fire safety and emergency preparedness, use, storage and disposal of containers and materials that may harm the environment or effect food or health, and on waste, insecticides and other hazardous materials, food labeling, minimum wages, overtime, working hours and conditions, unlawful discrimination, disability discrimination and compliance, anti-terrorism, employing children and with the FDA Hazard Analysis and Critical Control Point (HACCP) food safety program. Some states require you to employ a person certified in food safety. Also, in several states, (for example, California,[Illinois and Washington 1 county health departments inspect restaurants and other retail food facilities for such matters as sanitation, compliance with safe food handling practices and adequacy of kitchen facilities. You must investigate and comply with these laws and regulations, despite any advice or information we may give you. Some Tastee-Freez franchisees operate under older Franchise Agreements that establish different rights and duties, or possibly more rights and fewer duties, then the agreement you will sign. Those agreements may limit our ability to make them comply with ail requirements we can impose on you as soon as we would like, or at all. Their restaurants and operations may differ in some ways from your restaurant and how your restaurant operates.
2 Ongoing Lawsuits
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Franchimp Summary Rating
4/10
Investment Accessibility
4/10
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Upfront Franchise Fees
Minimum: $10,000 Maximum: $20,000
Upfront franchise fees are the one-time payments required to secure rights to operate under an established brand, typically ranging from $20,000 to $100,000+ depending on brand value.
These fees grant access to proprietary business systems, training programs, intellectual property rights, and often territorial exclusivity—essentially purchasing the blueprint for a proven business model.
While separate from ongoing royalties, investors should evaluate these fees against expected returns, comparing fee-to-earnings ratios across opportunities and assessing how effectively franchisors reinvest these funds into system improvements.
Total Investment Costs
Minimum: $143,200 Maximum: $1,328,500
Ongoing Fees
Ongoing franchise fees, typically structured as royalties ranging from 4-8% of gross sales, represent the continuous payments franchisees make to maintain brand affiliation and support services.
These recurring fees fund the franchisor's operational assistance, marketing initiatives, technology updates, and continued brand development—creating a partnership where the franchisor's revenue grows alongside the franchisee's success. In addition to royalties, franchisees often contribute to national advertising funds (usually 1-3% of sales) and may incur technology fees, supply chain markups, or renewal fees depending on the franchise agreement.
Investors should carefully analyze these ongoing costs within their financial projections, as they directly impact profit margins and cash flow throughout the entire franchise relationship.
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