CANTON, Mass., Nov. 11, 2013 /PRNewswire/ -- Baskin-Robbins, the world's largest chain of ice cream specialty shops, announced today the signing of three store development agreements for the opening of four new shops in the greater Los Angeles area. Franchisee Binoy Kothari plans to open two locations in Orange County, Andy Chesler plans to open one in the San Fernando Valley and Farid Ahmed plans to open one in Chino Hills.
All three individuals are existing franchisees with the brand. Kothari's next Baskin- Robbins, opening by the end of the year in Hesperia, will be his fifth. He purchased three existing shops in High Desert in 2011. Chesler became a Baskin- Robbins franchisee in 1985 when he purchased stores in Granada Hills and Northridge. After years of experience in the service business, Chesler was attracted to the brand's simple operating model combined with delicious treats.
"Baskin- Robbins has six decades of experience refining its business system to offer a fun, rewarding business opportunity to new franchise candidates," said Grant Benson, CFE, vice president of global franchising and business development, Dunkin' Brands. "We are excited to expand our footprint in Southern California with Binoy, Andy and Farid, and we are confident they will continue spreading the fun and unique flavors of America's Favorite Ice Cream Shop to guests throughout their communities."As the Baskin-Robbins brand continues to develop in California, the company is looking for entrepreneurs who meet its financial requirements, have a passion for their local communities and, of course, a love for ice cream. Franchising executives will host a "Becoming a Baskin-Robbins Franchisee" seminar on Nov. 13 from 7 p.m. to 8:30 p.m. at the Baskin-Robbins Training Center located at 1201 South Victory Blvd. in Burbank. Attendees will learn the benefits of joining the Baskin-Robbins brand and review opportunities available in the greater Los Angeles market. To register, visit http://franchisingevents.dunkinbrands.com. As part of the company's growth plans, new franchisees who sign a development agreement in 2013 can take advantage of current development incentives, including a 10-year initial franchise fee payment plan whereby the $25,000 fee can be amortized over 10 years. Additionally, qualified candidates who timely develop shops will be able to enjoy reduced royalty rates of .9% to 2.9% over the first five years, which is a significant reduction from the standard royalty rate of 5.9%.* Baskin- Robbins is also helping make business ownership a reality for U.S. military servicemen and women. For honorably discharged military veterans, the brand will waive the 20-year initial franchisee fee and offer a zero percent royalty rate for the first two years and reduced royalty rate years three through five.* This special veteran offer is for new franchisees only who sign an agreement in 2013 and timely develop shops. Franchisees enjoy convenient hours of operation, minimal equipment and little product waste. They also benefit from award-winning training programs and comprehensive operating systems designed to help build business.