Empires

The Man Trying to Save Frozen Yogurt Franchising


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🧠 Episode Description 

Frozen yogurt was written off as a dead category.

Neil Hershman didn’t buy that.

After leaving finance, Neil became a franchisee of 16 Handles, fixed broken operations at the store level, doubled profits, and eventually acquired the entire brand. Today, 16 Handles has ~40 locations open, dozens more in development, and multiple million-dollar frozen yogurt stores - while competitors stagnate.

In this episode, we break down:

  • Why frozen yogurt was never actually dead

  • The unit economics behind 20%+ margins

  • How Neil turned underperforming corporate stores into cash-flowing assets

  • Why owning stores as a franchisor keeps incentives aligned

  • How COVID created the best real-estate opportunities of his career

  • And what most franchise brands get wrong about growth, PE, and operators

  • This is a masterclass in operator-led brand revival, smart franchising, and building community-driven businesses that actually work.

    🔑 Key Topics / Bullets (Platform-Friendly)
    • From finance job → franchisee → franchisor

    • Turning legacy brands into growth machines

    • Frozen yogurt unit economics (rent, labor, margins)

    • Why self-serve = automation before AI

    • Urban vs suburban store performance

    • Scaling without private equity

    • Million-dollar dessert stores

    • Buying brands when founders are “checked out”

    • ...more
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      EmpiresBy Patrick Buckley

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