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Harris Cooper, president and chief executive at International Dairy Queen, says the chain has reached agreements to add stores in the Sacramento and Fresno areas. Fosters Freeze is a Fast food restaurant located at 2760 Fletcher Dr, Atwater Village, Los Angeles, California 90039, US. Fosters Freeze is a chain of fast-food restaurants in California. 31, 1986, Fosters International had a loss of $644,788 and a working capital deficit of $334,762.įosters Freeze’s biggest challenge, however, may be Dairy Queen’s plans to add 200 outlets to its current 51 in California over the next five years. Fosters International went public with a small stock offering last month to raise $4 million to retire debt and build new stores.įor the 10 months ended Oct. Hiatt and his five investment partners, one of whom was a former longtime Fosters Freeze franchisee, bought the chain after building two of the new, bigger outlets.

“We are projecting 30 new stores (a year) for the next five years,” he said in a telephone interview from the chain’s headquarters in Arroyo Grande, Calif. They also feature hamburgers, fries, desserts, and other classic items. The chain has opened 13 new stores in last 18 months, and five are under construction. Fosters Freeze is home to the original soft-serve ice cream cone. Given its strong brand appeal, Fosters President and Chief Executive Hiatt is planning to add new franchises.
