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Dairy Queen – A Popular Subsidiary of Chain Fast Food Restaurants and Ice Creams in America
DQ, an abbreviation for Dairy Queen, is a renowned chain of quick serve restaurants and soft-serve ice creams in America. A distinctive flagship of International Dairy Queen Inc, which is a prominent subsidiary of the Berkshire Hathaway Inc, the company operates over 6000 stores across the world. It holds its significant presence in countries like the US, Canada, UAE, Singapore, Mexico, Italy and several other countries.
Its expansion does not end here. Rather, it is continuously looking for ideal locations to open its new franchises globally. In addition, being a respectable owner of Karmelkorn and Orange Julius, International Dairy Queen serves world-class frozen treats to its customers under the brand name of Dairy Queen.
Its current market value
Operating under the flagship of International Dairy Queen Inc, the American Dairy Queen Corporation is a whole sole subsidiary of the Berkshire Hathaway Inc. Being a promising franchisor of renowned frozen stores and quick service restaurants, Berkshire Hathaway shows total revenue of $210,821 Million in its last fiscal year according to the company’s annual financial report of 2015. By keeping aside its operating expenses of $14,264 million, the company records a consolidated net income of $24,414 million.
The major credit for this successive progress of the company over the years goes to its huge team of well experienced and professionals that comprise more than 3023 employees.
Its sweet origin story
The company is a renowned brand worldwide, and holds a sweet story behind its widespread existence today. The very first idea of serving ice creams developed in the year 1938 by John Fremont McCullough along with his son named Alex. By convincing his noble friend cum loyal customer to sell their ice creams at his store in Illinois, the father-son duo served over 1600 deserts in two hours.
Looking at such great first day sale, they further decided to open their individual ice-cream store with the name of Dairy Queen in the year 1940 at Joliet in Illinois. Since then, the company adopted the system of franchising to expand its reach across a wider customer base. With most of the restaurants operating at Texas, the company under its parent company International Dairy Queen, popular as American Dairy Queen in the US.
Furthermore, IDQ is also a subsidiary company operating under its parent company namely Berkshire Hathaway Inc. Going through several leaps and bounds, the company today owns over 6,400 stores across 25 countries with 4500+ stores alone in the US.
How it operates?
Having its global presence across Canada, United States and 18 more countries with over 6000 stores, Dairy Queen continuously strives for opening its new outlets either company owned or franchises across other locations. It is rigorously looking for ideal properties on lease to expand its reach over more potential customers. Furthermore, considering the fact that the company is a profit-earning subsidiary of International Dairy Queen Inc, it is surely a noteworthy alternative for the investors.
A fruitful investment opportunity
The individuals who have good experience and business acumen, can join hands with the company by making a simple investment of minimum $1M to $3M. Furthermore, as per the corporate lease agreement of the company, the initial tenure for lease of your property is between 15 and 20 years. It is further extendable from 20 to 40 years if you find the company a profitable investment to make.
However, with its capital rate varying from 6 to 7%, the company also assures you of increment in the rent after every 5 years completion by 10%. Thus, it creates a win-win chance for all the investors to gain greater profits from the company.
Dairy Queen Properties For Sale Across the United States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming