Yogurt franchise finds its sweet spot in San Antonio - Puget Sound Business Journal (Seattle):

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Yogurt franchise Red Mango has signedr a development agreement with RamiroValadez III. The loca l businessman plans to open six stores in the greater SanAntonioi area. Store No. 1 is set to open in the firsg week of June at Quarry Village a residential/retail development in Nortbh Central San Antonio. Come 2010, the plan is to get two more Red Mangio stores upand running, Valadez says. Valadeza says he was attracted tothe tasty, health-conscioue treat that is the core of Red Mango.
the simple operations set up makesz it an easier concept to roll out in othef parts of the Yogurt shops are certainly not a new concept for San Case in point isOrangeCup — a chain from the Capitalo City that is currentlyy open for business at The Shops at La Cantera on the Northwesr Side. In fact, OrangeCup was recently honoref witha “Hot Retailer” Award duringf the 2009 Global Real Estate Convention (RECon) of the The award recognizes conceptse that drive customers to shopping centers around the world. Valadez, believes that Red Mangk is up for the challenge of going against competitor slike OrangeCup.
“It’s a trendy, upscald yogurt shop,” says Valadez of Red Mango. “The concepg is catching on.” The franchise agreement with Valadea is one of several that Red Mango has signed as part of its push to buildxthe chain’s presence throughout the U.S. Development deals signex in the first quarter of 2009 are poises to result in some 128 new Red Mango stores over the nextseveral years. “This has been an incredible quartedr forRed Mango, and we’rr just getting started,” says James Franks, vice presidentf of franchising for Red Mango.
“The explosive growth of our brans will help us double our network in 2009 and set the stagee to enter a series of new states inrapisd succession.” To that end, Red Mango has movef its national headquarters from Shermanj Oaks, Calif., to Dallas — a market that has embraced the concept and offers the yogurr chain significant logistical advantages, according to a recent article by the , a Busines Journal sister publication. Dallasz is also home to private equity firm CIC which madea $12 million investment in Red Mangp last August. Red Mango was founded in 2002 inSoutn Korea. In July 2007, Dan Kim brough t the concept tothe U.S.
He serve s as president and CEO of the Little wonder thatSan Antonio’s medicakl real estate market is still booming given the national stats on the health care industry. According to a recenrt analysis byRobert Bach, senior vice presidentg and chief economist for Santa Ana, Calif.-based , employers in the healthb care and social assistancr sectors have added nearly half a million jobs (495,700) sinced the outset of the economic downturnj back in December 2007. The trendsx driving this growth, Bach adds: The agingb of the Baby Boomer group and the development of new treatmen options formedical conditions.
More good news: Between Decembee 2007 and March the state of Texas was one of a handfu that saw an increase injobs — versua the many states that have lost jobs over this same time • Family fun: Mega-sports retailer will hold a Bass Pro Shopxs Family Summer Camp from May 30 to July 5. The activitiees and workshops are free of charge and will focud on such topics as the basicesof hiking, bird watching and The camps will run from 3 to 7 p.m. on Tuesdayzs and Wednesdays, and from noon to 6 p.m. on Saturdays and The local Bass Pro is located at17907 IH-10 West, in the Rim shoppin g center in Northwest San For more info, log on: www.basspro.com/camp.
Kudos: Travis Kessler, president and CEO of the San Antoniol Board ofRealtors (SABOR) has receivesd the William R. Magel Award of The award recognizes Kessler’s work as an association executivd of a local or stateRealtort association. Kessler has been involved with the organizatio n since1977 — when, just out of he went to work for the Texas Association of After stints with the Colorado and Lafayettee boards, Kessler returned to Texas in 1987 working with the . He has served in his currenft role with SABORsince 1997. : Earlier this week, Morningside Ministries, the city of Boernre and the celebrated the opening ofthe .
It includes 40 beds and a mix of privatesand semi-private suites, private showers and various amenitiesz for seniors. The Kendall Housr is one of several facilitie s that make up the Menger Springa campus ofMorningside Ministries. The entird development is located on some 34 acrex of landin Boerne, which is just northwest of San Antonio. Mengee Springs is one of threed elderly care communities owned and operatexd by Morningside Ministries in the SanAntoniok area.