Ricky’s Candy, Cones & Chaos Franchise

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Thu, Jul 9 - 11:40 am EDT | 5 years ago by
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unhappybutt100Unhappy Franchisee reports that one of the more colorful franchise concepts of recent years, Ricky’s Candy, Cones & Chaos, may have been more aptly named Ricky’s Chaos, Lawsuits & Bankruptcy.

The Willy Wonka-esque concept, started by former FAO Schwartz exec Rick Barber, claims:

Ricky’s Candy, Cones and Chaos® is the ultimate ice cream and candy experience for customers—and a flickrcomphotosroboppysweet franchise opportunity for you! It includes thousands of bulk candy choices; a delicious super-premium ice cream you make in the store; candy novelties and other great gifts; and a color-filled party room terrific for kids’ birthdays. These three business centers—candy, cones and ‘chaos’—provide an all-season business opportunity for the dedicated franchisee.

This morning’s post on UnhappyFranchisee.com (RICKY’S CANDY, Cones & Chaos Franchise Update) states that of the 18 locations listed on the company website in recent years, only 5 remain in operation as Ricky’s stores.  In fact, 2 of the locations currently listed as open on the corporate site are, in fact, closed.

Additional woes for the sweet concept gone sour include a group action lawsuit filed by franchisees last year, and a franchisor bankruptcy filing that was allegedly rejected.

ARE YOU FAMILIAR WITH THE RICKY’S CANDY, CONES & CHAOS FRANCHISE?  SHARE A COMMENT BELOW.

Photo: Taken May 12, 2006 by roboppy , license: Creative Commons location: Ricky’s Candy, Cones & Chaos store, Ridgewood, NJ (closed)

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  • http://www.candyconesandchaos.com Donald William Cheng

    Rickys Candy Cones and Chaos is now run by Mr. Donald William Cheng as of May, 2009. The Princeton store is undergoing a restructuring and is out of bankruptcy. New changes are being effected to combat the changes in the business environment. The current economy has impacted the retail sector much more heavily than others.

    The Ricky’s candy, cones and chaos model was heavily dependent on a robust economy where parents splurge on their children and friends. However, as the economy worsened, more people became budget conscious and retailers have to react by providing better value and Rickys did not adjust fast enough.

    New management and marketing have been brought in to ensure that future partners and franchisees will be able to sustain a dip in the economy by providing long term financing and stronger financial management and brand management

  • Pingback: RICKY’S CANDY: Message from Donald William Cheng | Unhappy Franchisee

  • Pingback: Franchise Pick Blog Posts: July, 2009 : Franchise Pick - Picking the Perfect Franchise

  • Former Store Owner

    http://summit.patch.com/articles/downtown-candy-store-to-close

    Ricky’s Candy, Cones & Chaos will be closing its doors in November due to a raise in rent after seven years on Springfield Avenue.

    “We just can’t afford to stay here,” said Donna Dill, the manager of the store.

    Dill said that business has been slow for a while, and at the time of the interview no other patrons were shopping in the store.

    Dill mentioned that the economy could be a reason why many stores in the Summit area are closing up shop or moving to different locations.

    “The economy’s not that great,” she said. “I see so many vacancy signs, it makes me sad.”

    Ricky’s will be closing by the end of next month, although there is not a specific date at this time.

    At the last count by Summit Downtown Inc. in August, there were about 20 vacant storefronts, Tony Melchionna said. At that time it was the most he said he’d ever seen in downtown Summit.