FranchiseWorks.com | Red Mango Awards Master License Agreement To Compass Group North America. Frozen Yogurt Franchises
First location to open at Hofstra University August 15th.
DALLAS - TX (Aug. 2010) - Red Mango, the fastest-growing retailer of all-natural, nonfat frozen yogurt and fresh fruit smoothies, has awarded a master license agreement to Compass Group North America to open an undisclosed number of Red Mango stores in Compass-managed properties over the next 10 years.
Compass Group will open the first Red Mango location at Hofstra University in Hempstead, New York on August 15th.
"Introducing Red Mango to one of New York's largest private colleges is a terrific debut to this new agreement and demonstrates the incredible potential that exists for similar markets across the country," said James Franks, vice president of franchising
for Red Mango. One of a growing number of Red Mango sites on or near colleges and universities, Franks expects consumer demand to continue rising as master license agreements compliment the franchise
network to add locations in quick succession.
The Red Mango store at Hofstra on 100 Campus Drive will feature full service and an award-winning menu of Red Mango all-natural, nonfat frozen yogurt rich in probiotics, toppings, fresh-fruit smoothies, parfaits and iced teas.
"By partnering with Red Mango, Compass Group is again demonstrating its commitment to bring best in class brands to its clients," said Tracy Vessillo, vice president of Retail Innovations for Compass Group North America. "The appeal of Red Mango's products and nutritional attributes are of particular interest to Compass Group's higher education and healthcare clients, as administrators and families are increasingly demanding food that is both great tasting and good for you."
Compass Group is the leading foodservice management and support services company. It operates in several industries including higher education, corporate dining, healthcare, restaurants, sports and entertainment arenas and more.
As a Master Licensee, Compass Group has been awarded non-exclusive rights to open stores under the Red Mango brand subject to Red Mango's approval. The 10-year agreement also includes options for renewal.
About Compass Group North America:
Based in Charlotte NC, Compass Group North America is the leading foodservice and support services company with $9.2 billion in revenues in 2009. With 386,000 associates worldwide, its parent company, UK-based Compass Group PLC had revenues of £ 13.4 billion in the year to September 30, 2009.
About Red Mango:
Red Mango, the fastest growing retailer of all-natural nonfat frozen yogurt and fresh fruit smoothies, opened its first U.S. store in July 2007 in Los Angeles, and has since celebrated more than 70 store openings in 17 states including Arizona, Arkansas, California, Florida, Illinois, Indiana, Massachusetts, Minnesota, Nevada, New Jersey, New York, Ohio, Texas, Utah, Virginia, Washington and Wisconsin. Red Mango received the prestigious Nation's Restaurant News, 2009 "??Hot Concepts!" award and the industry-recognized SupplySide's 2010 "Scientific Excellence Award", and has been named the best frozen yogurt in Los Angeles, Seattle, Las Vegas, Chicago, Utah and New York by highly-regarded independent publications. Headquartered in Dallas, Red Mango serves uniquely delicious frozen yogurt that is all-natural, nonfat, gluten-free and packed with beneficial live and active probiotic cultures like GanedenBC30 TM (Bacillus coagulans GBI-30, 6086), which help support a healthy immune and digestive system when consumed as part of a balanced diet and healthy lifestyle. Red Mango's frozen yogurt was the first frozen yogurt retailer to become certified by the National Yogurt Association's Live and Active Culture Seal for meeting the required criteria for healthy frozen yogurt. Red Mango also introduced the world's first all-natural probiotic iced teas that are made with whole tea leaves and hand-shaken to order, and recently expanded its menu to include satisfying lunchtime meal options like all-natural made-to-order fruit parfaits and fresh fruit smoothies.
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