Creamistry opened its first corporate store in Irvine, California in September 2013. Their concept was an instant success and they started franchising a year later. Since then they have grown to over 50 stores throughout the US, with many more scheduled to open in the coming months.
Unlike regular ice cream that is typically pumped and churned with air (overrun), Creamistry uses liquid nitrogen to instantly freeze each ice cream order, resulting in a decadently rich and luxuriously creamy ice cream hand-crafted to each client’s preference in the moment
They use high quality, premium ingredients, offering more than 60 flavor and topping options, including all natural and organic choices. Their extensive menu also includes a wide selection of vegan, dairy-free and organic items.
Creamistry’s founder Jay Yim grew up in the ice cream business. His grandfather owned a bakery and ice cream company in Korea and his father followed suit when he moved the family to the US. Eventually, he and his wife Katie took over one of the shops his father had established
The idea of Creamistry came when Jay visited his homeland of South Korea in 2002. There was a lady on the street, in a tent, mixing ice cream by hand and freezing it from a canister of liquid nitrogen. Jay was fascinated: Ice cream that freezes instantly before serving – meaning it would be untainted by preservatives or emulsifiers that prolong shelf life. After years of experimenting, they finally opened their first store in 2013.
|Item||Estimated Amount (in USD)||When Due||To Whom Payment is to Be Made|
|Initial Franchise Fee||$40.000||$40.000||At signing of Franchise Agreement||Franchisor|
|Training Fee||0||5.000||As Incurred||Franchisor|
|Real Estate Security/Utility Deposits/Licenses and Prepaid Fees||5.000||25.000||When Incurred||Landlord, Government Agecies|
|Equipment & Furniture||70.000||175.000||When Incurred||Suppliers|
|Leasehold Improvements||35.000||225.000||When Incurred||Suppliers|
|Opening Inventory||10.000||25.000||When Incurred||Suppliers and Franchisors|
|Insurance||3.000||6.000||When Incurred||Insurance Provider|
|Signage, Menu Board||12.000||20.000||When Incurred||Suppliers|
|Grand Opening Promotion||15.000||20.000||When Incurred||Suppliers|
|Cash Registers/Other Office Equipment||4.500||5.500||When Incurred||Suppliers|
|Additional Funds- 3 months||30.000||30.000||When Incurred||Employees and Suppliers|
FDD Disclosure: “The following chart is the actual gross sales of ALL Creamistry Stores that were open and in operation for the period ending December 31, 2018 with the total sales from their respective opening dates, including those that opened in 2018. As of December 31, 2018, we had 60 Creamistry Stores in operation, with –59 franchised stores and 1 company or affiliate owned stores. There were 42 stores open for 12 months or longer as of December 31, 2018. The chart below provides for the applicable period of financial performance.”
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