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Ice House America Selects BoeFly To Assist Its Franchisees In Obtaining Bank Financing
Leading retail ice vending franchisor to offer BoeFly’s Concierge Team Services to its franchisees nationwide.
Nearly half (49.2%) of the respondents in a recent survey by the International Franchise Association (IFA) of its members identified “financing/
Ice House America recently created its franchise program to further expand its existing network of over 2,400 locations, which collectively produce over one billion pounds of ice per year. There are over 100 corporate-owned locations with the balance independently owned and operated.
Ice House America manufactures a 24/7, convenient retail ice destination that provides a soft, chipped and chewable ice, which is typically offered in 20 lb. bulk (direct to cooler) and 16 lb. bags -- always filtered, clean and made on demand. Ice House America’s flagship model can additionally vend filtered water in bulk.
“Ice House America is looking for entrepreneurs who are seeking a low cost and fully automated business venture with minimal overhead and maintenance required to operate,” said Pete Cotter, President and CEO of Ice House America. “With the help of BoeFly’s service, our franchisees can worry less about financing their business and concentrate more on expanding it.”
“Today even top franchisors face a significant challenge – converting otherwise qualified franchisee candidates into ongoing, paying customers because of the difficulty they have accessing capital” said Mike Rozman, Co-president of BoeFly. “Franchise lending has been down by as much as 40% in the past two years due in part to the inefficiencies in the lending process that have been exposed by the financial crisis. BoeFly eliminates these inefficiencies by connecting franchisees with banks that are ready and willing to lend.”
About Ice House America
Ice House America, headquartered in Jacksonville, FL and founded in 2003, already has more than 2,400 independently owned ice house locations in 27 states and four countries. In less than 10 years, Ice House America has become one of the top ice brands in the country. Ice House America offers four different models, ranging from the “Ice House” to the “Mini” -- all manufactured at a 160,000 sq. ft. integrated manufacturing facility located in Moultrie, GA.
For more information, visit http://www.icehouseamerica.com.
BoeFly makes it easier to obtain small business loans (http://www.boefly.com/
Borrowers build a complete decision-ready loan request online using BoeFly’s exclusive “SmartForm”
BoeFly, now a strategic ally of the International Franchise Association to expand credit access within the franchise community (http://www.boefly.com/
BoeFly’s Affiliate Solution is the financing exchange chosen by the Association of Small Business Development Centers, representing approximately 1,000 centers nationwide, which are funded in part by the U.S. Small Business Administration, to serve small businesses, and Franchise Gator, the leading site for information on franchise opportunities.
BoeFly was founded by small business owners and small business lending experts with extensive small business lending experience. The company is privately-held and is based in New York City. http://www.boefly.com.
Bill Fallon/ Keating Co. /212.925.6900/