Menchie's, a fast-growing self-serve frozen yogurt chain, has signed a development agreement to open 33 Menchie's franchises in British Columbia and Alberta over the next five years.
The deal was entered into between Yogurtworld Franchising Corp., the master franchisor of Menchie's in Canada, and Empire West Investments Ltd., a Calgary company.
Empire West Investments is primarily comprised of Marc Staniloff, Al Morrison, Tom and Caitlin Wood and Cory Edwards, president of Empire West.
Empire West anticipates that it will open its first three stores in British Columbia over the next three months. They have found several sites of interest and are currently negotiating leases for those sites, according to Edwards..
Menchie's has nearly 70 locations open internationally with two stores in Canada.
A Menchie's franchise requires a total investment of from $340,000 to $400,000, including a franchise fee of $40,000 and a royalty fee.
from Western Investor June 2011
