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Rocky Mountain Chocolate Factory Announces the Opening of Two New Store Locations and Kiosk

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Rocky Mountain Chocolate Factory (RMCF) announced the opening of two new stores and one kiosk across three U.S. markets. In Downtown Chicago, franchisee Tyson Minnick will open his third store on North State Street. Willie and Alex Zamora will launch their second location, a kiosk in the Brandon Exchange, Florida. In Charleston, South Carolina, Ross Theesen will open his fifth store on King Street. The expansion demonstrates RMCF's commitment to growing its premium chocolate brand nationwide through experienced franchisees.

Rocky Mountain Chocolate Factory (RMCF) ha annunciato l'apertura di due nuovi negozi e un chiosco in tre mercati degli Stati Uniti. Nel centro di Chicago, il franchisee Tyson Minnick aprirà il suo terzo negozio su North State Street. Willie e Alex Zamora lanceranno la loro seconda location, un chiosco nel Brandon Exchange, in Florida. A Charleston, nella Carolina del Sud, Ross Theesen aprirà il suo quinto negozio su King Street. Questa espansione dimostra l'impegno di RMCF nella crescita del suo marchio di cioccolato premium a livello nazionale attraverso franchisee esperti.

Rocky Mountain Chocolate Factory (RMCF) anunció la apertura de dos nuevas tiendas y un quiosco en tres mercados de EE. UU. En el centro de Chicago, el franquiciado Tyson Minnick abrirá su tercera tienda en North State Street. Willie y Alex Zamora lanzarán su segunda ubicación, un quiosco en el Brandon Exchange, Florida. En Charleston, Carolina del Sur, Ross Theesen abrirá su quinta tienda en King Street. La expansión demuestra el compromiso de RMCF de hacer crecer su marca de chocolate premium en todo el país a través de franquiciados experimentados.

록키 마운틴 초콜릿 팩토리 (RMCF)는 미국의 세 개 시장에 두 개의 새로운 매장과 하나의 키오스크를 열 것으로 발표했습니다. 시카고 다운타운에서 프랜차이즈주인 타이슨 미닉이 노스 주(State Street)에 세 번째 매장을 열 것입니다. 윌리와 알렉스 자모라가 플로리다의 브랜든 익스체인지에 두 번째 장소인 키오스크를 오픈할 예정입니다. 사우스 캐롤라이나의 찰스턴에서는 로스 티센이 킹 스트리트에서 다섯 번째 매장을 열 예정입니다. 이번 확장은 RMCF가 숙련된 프랜차이즈주를 통해 자사의 프리미엄 초콜릿 브랜드를 전국적으로 성장시키겠다는 의지를 보여줍니다.

Rocky Mountain Chocolate Factory (RMCF) a annoncé l'ouverture de deux nouveaux magasins et d'un kiosque dans trois marchés aux États-Unis. Dans le centre de Chicago, le franchisé Tyson Minnick ouvrira son troisième magasin sur North State Street. Willie et Alex Zamora lanceront leur deuxième emplacement, un kiosque dans le Brandon Exchange, en Floride. À Charleston, en Caroline du Sud, Ross Theesen ouvrira son cinquième magasin sur King Street. Cette expansion démontre l'engagement de RMCF à développer sa marque de chocolat haut de gamme à l'échelle nationale grâce à des franchisés expérimentés.

Rocky Mountain Chocolate Factory (RMCF) hat die Eröffnung von zwei neuen Geschäften und einem Kiosk in drei US-Märkten angekündigt. Im Zentrum von Chicago wird der Franchisenehmer Tyson Minnick sein drittes Geschäft in der North State Street eröffnen. Willie und Alex Zamora werden ihren zweiten Standort, einen Kiosk im Brandon Exchange, Florida, eröffnen. In Charleston, South Carolina, wird Ross Theesen sein fünftes Geschäft in der King Street eröffnen. Die Expansion zeigt das Engagement von RMCF, seine Premium-Schokoladenmarke durch erfahrene Franchisenehmer landesweit zu wachsen.

Positive
  • Expansion of retail presence with two new stores and one kiosk
  • Growth through experienced franchisees with proven track records
  • Strategic location choices in high-traffic areas
Negative
  • None.

Insights

This store expansion initiative demonstrates RMCF's strategic market penetration in diverse geographical locations. The selection of high-traffic areas like Downtown Chicago's North State Street and Charleston's King Street shows smart retail positioning. Opening in these prime locations could significantly boost brand visibility and revenue potential.

The mix of store formats, including a kiosk model in Brandon Exchange, reflects an adaptable approach to different market needs and retail environments. The expansion through experienced franchisees with proven track records (3-11 years) reduces operational risks and leverages existing market knowledge. However, with RMCF's relatively small market cap of $19.5M, the impact of three new locations on overall revenue may be modest in the short term.

DURANGO, Colo., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Rocky Mountain Chocolate Factory Inc. (Nasdaq: RMCF) (the “Company”, “we”, or “RMCF”), an international franchisor and producer of premium chocolates and other confectionery products, including gourmet caramel apples, today announced the opening of two new stores and one kiosk location across three U.S. markets.

RMCF is pleased to highlight the success and commitment of its franchisees, who are bringing the Rocky Mountain Chocolate Factory experience to Chicago, Illinois; Charleston, South Carolina; and Brandon, Florida.

In Downtown Chicago, Tyson Minnick, a dedicated franchisee of eleven years, will open his third store, which will be located on North State Street. Tyson’s extensive experience and strong local ties are expected to attract both chocolate and confectionary enthusiasts to this dynamic new location.

Willie and Alex Zamora, franchisees of three years, will launch a kiosk in the Brandon Exchange in Brandon, Florida. This kiosk will be the Zamora’s second location, expanding their reach to cater to shoppers in this popular retail destination.

In Charleston, South Carolina, Ross Theesen will open his fifth store, located on the popular King Street. Ross is a Missouri Western State University (MWSU) awardee and franchisee of nine years. Reflecting on this milestone, Ross stated, “I am thrilled to be part of the Rocky Mountain Chocolate Factory franchise network at such an exciting time as the Company advances its growth strategy. Opening our fifth store is a significant achievement, and I am deeply grateful for the support and encouragement from the RMCF team, whose expertise has been invaluable in bringing our Charleston location to life.”

This franchise expansion underscores RMCF’s dedication to fostering franchisee growth while delivering its premium chocolate experience to communities nationwide. Through these new openings, Rocky Mountain Chocolate Factory reaffirms its commitment to scaling the brand across the country, making its premium chocolate accessible to a growing audience of confectionary fans across the United States.

About Rocky Mountain Chocolate Factory, Inc.

Rocky Mountain Chocolate Factory, Inc. is an international franchiser of premium chocolate and confection stores, and a producer of an extensive line of premium chocolates and other confectionery products, including gourmet caramel apples. Rocky Mountain Chocolate Factory was ranked in the Franchise 500 by Entrepreneur Magazine for 2024. The Company is headquartered in Durango, Colorado. The Company and its franchisees and licensees operate nearly 260 Rocky Mountain Chocolate stores across the United States, with several international locations. The Company's common stock is listed on the Nasdaq Global Market under the symbol "RMCF."

Investor Contact

Sean Mansouri, CFA
Elevate IR
720-330-2829
RMCF@elevate-ir.com


FAQ

How many new locations is Rocky Mountain Chocolate Factory (RMCF) opening in 2024?

RMCF is opening three new locations: two stores and one kiosk across Chicago, Illinois; Charleston, South Carolina; and Brandon, Florida.

Where are the new Rocky Mountain Chocolate Factory (RMCF) locations opening?

The new RMCF locations are opening on North State Street in Downtown Chicago, King Street in Charleston, and a kiosk at the Brandon Exchange in Brandon, Florida.

Who are the franchisees opening the new Rocky Mountain Chocolate Factory (RMCF) locations?

The franchisees are Tyson Minnick in Chicago (11-year franchisee), Willie and Alex Zamora in Brandon (3-year franchisees), and Ross Theesen in Charleston (9-year franchisee).

Rocky Mountain Chocolate Factory, Inc.

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17.85M
5.04M
38.87%
51.54%
0.66%
Confectioners
Sugar & Confectionery Products
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United States of America
DURANGO