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Cold Stone to Expand in IL

CHICAGO-Cold Stone Creamery today announced plans to expand its Illinois operations. Currently the ice cream giant operates 41 stores across the state and anticipates another 75 in the next three to five years.

By Dana Dubriwny | Updated on April 22, 2005

CHICAGO- With Cold Stone Creamery’s increasing success in Metropolitan Chicago, the Scottsdale, AZ-based ice cream franchiser is looking to expand its Windy City-area operations by 75 stores.

Eight locations in Chicago, and locations in Evanston, Glencoe, Rockford, Romeoville, Shorewood and Woodridge have already opened in 2005, and 20 additional Cold Stone Creamerys are slated to open by year’s end.

The chain owns just six corporate-owned locations, but is billed as one of the fastest-growing ice cream franchises http://www.globest.com/retail/archives/news/1_114/southwest/13871-1.html in the nation. Last year the company picked up 362-franchise locations nation-wide and has another 414 slated to open in 2005. Boasting $405,000 in annualized average unit volume, Cold Stone Creamery 2004 systemwide revenues exceeded $283 million, up 86% from $152 million in 2003.

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