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RISE - Menu Monitor

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Tastee Freez<br />

Headquarters<br />

4440 Von Karman Avenue Suite 222, Newport Beach, California 92660 USA<br />

Tel: (949)851-2614 Fax: (949)851-2618<br />

www.tastee-freez.com<br />

Ownership: Private<br />

Segment: Limited Service Frozen Dessert<br />

System Characteristics 2006 2005 2004<br />

U.S. Systemwide Sales ($000) 127,500 125,000 118,000<br />

Company-owned ($000) - - -<br />

Franchised ($000) 127,500 125,000 118,000<br />

U.S. Number of Units 440 440 273<br />

Company-owned - - -<br />

Franchised 440 440 273<br />

International Sales ($000) 400 350 500<br />

International Units 2 2 2<br />

Average Sales/Unit ($000) 350 350 470<br />

Concept Positioning |<br />

Tastee Freez is one of America's oldest franchise operations, specializing in soft-serve ice cream and other frozen dairy treats.<br />

Today there are Tastee Freez locations in more than 20 states and Panama, and have evolved from a quick-service operator<br />

to become more of a fast-casual format, featuring hamburgers, chicken sandwiches and a wider variety of ice cream treats.<br />

Tastee Freez appeals to a wide customer base, from children to older adults. Galardi Group owns and franchises the chain,<br />

which operates more than 60 units in several states.<br />

Units are freestanding and are typically located in strip shopping centers or near shopping malls. The concept began as a<br />

small, white walk-up ice cream stand. Some older units still maintain this design, but the majority of newer Tastee Freez<br />

locations average 1,200 sq. ft. and offer seating for 30 customers. Most of these new units are co-branded with<br />

Wienerschnitzel, the classic fast-food hot dog chain.<br />

Tastee Freez was created in 1950 when Leo Moranz and Harry Axene developed a new soft serve ice cream pump and<br />

freezer. They allowed the use of their Tastee Freez name to franchisees in exchange for rent payments on the ice cream<br />

pump, and little white stands began emerging, selling soft-serve ice cream cones and sundaes. In 2003, Tastee Freez was<br />

acquired by California's Galardi Group Franchise and Leasing for an undisclosed sum.<br />

<strong>Menu</strong> Positioning |<br />

The menu at Tastee Freez, open for lunch and dinner, varies from store to store. Standard items include hamburgers and<br />

cheeseburgers, hot wings, hot dogs, grilled sausages, corn dogs, fried chicken, fish dinners and a full assortment of side<br />

dishes, including mashed potatoes, biscuits, fries, onion rings and coleslaw. Some units also serve Tex-Mex items like tacos,<br />

flautas, tortas and quesadillas. But the signature offering is the chain's extensive selection of soft-serve ice cream treats,<br />

including cones, sundaes and splits. Cones are available in small, medium and large sizes and are served in a choice of<br />

regular cone, waffle cone or cup. Sundaes and splits include customer favorites such as the Banana Royal Split and the Hot<br />

Fudge Brownie Cake Sundae. Another popular line of treats is its Freezees selection—including its Chocolate Brownie<br />

Freezee, Hawaiian Freezee and Grasshopper Freezee. Beverages include malts, milkshakes, sodas, Slushees and Coffee<br />

Coolers, made with coffee, vanilla ice cream and a choice of flavoring. No alcohol is served and no kids’ menu is available at<br />

most units. <strong>Menu</strong> prices range from $1–$4.99. Checks average $3.29.<br />

©Technomic Information Services 2007, CIS profiles may not be copied or distributed in any print or electronic format without a license or written consent.<br />

Technomic believes that its sources of information are reliable, but does not assume any responsibility or liability for the accuracy of the information<br />

published.<br />

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