Dippin’ Dots ice cream company has been providing a unique treat for kids and adults for over 20 years. Locations can be found in most entertainment parks and local shopping malls around the U.S. After years paving the way for a futuristic flavor, this beloved ice cream treat announced its future is up in the air.
Another Business Enters Bankruptcy
As these economic times have continued to pressure businesses of all sorts, even a store full of sweets isn’t immune to its effects. Dippin’ Dots Franchising Inc. announced that is has been unsuccessful in managing its $11 million in debts since profitability has taken a dive.
The company, who offers franchising opportunities to small business owners, says it has been fighting off foreclosure efforts and financial trouble for the last few years. Local franchise owners are shocked by the news, as they haven’t reported any unusual problems with maintaining profitability. While Dippin’ Dots Franchising Inc. works to develop a plan, local franchise owners are hoping that a debt restructuring through bankruptcy will be the opportunity needed to stay afloat.