March 4, 2011
The Dairy Queen franchise is the only ice cream shop in Boulder, Colorado’s Gunbarrel community, according to a story in the daily camera.
The franchise owners, Carl & Mandy Patron, will lock the doors for good this Friday after struggling for years to make money.
The Patron’s bought the Dairy Queen franchise in 2001, and have struggled in recent years. They reported that during the winter months they survive off a line of credit, which they spend the summer months paying back.
According to franchisee Carl Patron, “There is very little overall profit with the store.”
Franchisees hopes rise with new prospective owner
After years of struggling to make a profit and unsuccessful attempts to sell their store, the Patron’s finally got a break. A prospective buyer emerged with a plan to move the Dairy Queen to a nearby location and turn it into a co-branded store with Orange Julius. The new franchisee was the most qualified the Patron’s has encountered.
Three weeks ago, the franchise owners secured a contract on the sale of the business and were near closing when officials Dairy Queen Corporation refused to approve the transfer of the store. According to franchisee Patron, the denial was in part, was due to the new buyer’s plans to relocate the business even though it was only a short distance and would still be within the same shopping center.
With their plans to sell to the new owner crushed, the Patron’s have decided to take the loss, close the 25 year franchise and move on.
From Wednesday to Friday, the store is offering everything at 50% off until it’s gone.
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February 23, 2011
Dairy Queen claims it’s the victim of a $13 million extortion scheme perpetrated by one of its own franchisees.
International Dairy Queen Inc. is soft-serving up a lawsuit against multi-unit franchise owner Guy Blume of Ankeny, Iowa.
IDQ, Inc. claims Blume is threatening to go public with information he says would cause $100 million in damage to the company.
Dairy Queen wants a federal judge to sever its ties with Blume, who operates four Iowa stores, and to issue a court order to keep the franchisee from defaming the company.
Blume hasn’t filed a response to the suit yet, but his attorney denied the allegations.