Cold Stone case: Where's the expansion?
The owner of ice cream chain Cold Stone Creamery has had to put expansion plans on ice for months after a delay in auditing its books, The Post has learned.
Kahala Corp., of Scottsdale, Ariz., which also owns Blimpie, Ranch 1 and Surf City Squeeze, has not produced 2010 audited financials and since May 1 has been prevented from selling new US stores.
The Federal Trade Commission requires franchisors to furnish the document before they can legally sell new stores to franchisees.
Michael Reagan, Kahala’s executive vice president and general counsel, confirmed the company was late in filing the statements -- a delay it blamed on its outside accountant -- but said the company was filing the completed audit today.
“Six months is a long time without a financial disclosure statement,” Reagan said. “There was an unfortunate delay and it had nothing to do with our financial condition.”
The company provided The Post with the just-completed 2010 financial statement showing the results for a subsidiary, Kahala Franchising LLC, which doesn’t include results for Cold Stone Creamery.
Kahala’s Cold Stone franchise, in particular, has come under scrutiny in the past few years after store owners complained of a flawed business model that saddled them with shrinking profit margins and soaring costs. A number of franchisees either sold their stores or filed for bankruptcy.
A source close to the situation said not having an audited disclosure statement “is extraordinarily odd for a going concern.”
Cold Stone, which operates 1,500 stores, has plans to open 16 global stores, which don’t require a disclosure statement.
Cold Stone Ice Cream - News
The owner of ice cream chain Cold Stone Creamery has had to put expansion plans on ice for months after a delay in auditing its books, The Post has learned. Kahala Corp., of Scottsdale, Ariz., which also owns Blimpie, Ranch 1 and Surf
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Bruce R. Peterson "Can Lafayette sustain another ice cream shop? We already have Cold Stone and the Yogurt Shack. I'm not opposed to having a Fenton's here, I just wonder about the economic viability of the new store and the 2 existing stores.
"Cold Stone Creamery was the first national ice cream concept to launch online cake ordering that takes a customer through building a cake, processing their order and payment," said Jana Schneider, director of Marketing for Cold Stone Creamery.
By The Capital-Journal Veterans can get a free ice cream cone, then have their car washed at no charge, thanks to two Topeka businesses on Friday. Cold Stone Creamery, near SW Huntoon and Wanamaker, will offer free ice cream to all veterans and active
She's freaking out over this ice cream place because you can mix stuff in your ice cream... Uh, its just like cold stone.
Birthday in less than a week, and i already have my cold stone creamery free birthday ice cream coupon.. Today is a good day. 
5. Most Sugar-Packed Fruity Ice Cream
Cold Stone Creamery Blueberry Ice Cream (Gotta Have It size)
74 g sugars... 
8 AM walking to work with a Cold Stone ice cream cake & a Juniors cheesecake. Don't look at me like that. It's not for me! It really isn't!
I want some Cookies and Cream Ice cream from Cold Stone...Cold Stone Ice Cream - Bookshelf
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Daily Data Directory
Cold Stone Creamery
Offers premium ice cream and yogurt. With menu and franchise information.
Ultimate Ice Cream at Cold Stone Creamery
Cold Stone Creamery offers the Ultimate Ice Cream Experience. Ice Cream, the Way You Want It.
Cold Stone Creamery: Information from Answers.com
Cold Stone's name comes from the frozen granite stone, used to mix "mix-ins": candy, nuts, or other edibles into various flavors of ice creams. ...
Cold Stone Creamery - Wikipedia, the free encyclopedia
Cold Stone has also expanded its menu with other ice cream related products such as ... Cold Stone's name comes from the frozen granite stone, used to mix "mix-ins": candy, ...
Cold Stone & RMCF
Ron and Rena Schrein own the Cold Stone Creamery/Rocky Muntain Chocolate Factory located in the Aberdeen Commons Shopping Center in Aberdeen, NC. The store ...