LOUISVILLE, Ky. (WDRB) -- It is a Louisville company that is looking to go national.
"We enjoy it so much it was a passion of ours when we first started this and it continues to be a passion." So says Tim Koons-McGee, the co-owner of the three Comfy Cow premium ice cream stores in Louisville.
When he and his partner opened their first store in Westport Village in 2009, the country was in the midst of the great recession. "We cashed in our 401-K's which everybody said don't do," says Koons-McGee, "and we got a third mortgage on our house and thankfully it turned out OK."
It turned out so well that they quickly opened two more stores, one on Frankfort Avenue where the company now has its offices, and one near the U of L Belknap campus.
The owners are continuing their expansion with three new stores expected to open in the spring of 2014 including one in New Albany.
To raise the capital to continue to grow, the business owners recently entered into what is called a lease-back agreement for their Frankfort Avenue property. Koons-Mcgee explains, "Our goal is to sell this property and lease it back and take some of the money in the equity to invest back into the company to franchise.
Koons-McGee expect to open the first franchise stores in New Albany and Nashville and from there continue to add stores in other cities as well as Louisville. "From the very first day we opened," says Koons-McGee, "we had people come in from out of town and say we would love to have one of these in Charleston or somewhere else."
Down the road in five years he believes there could be as many as 30 Comfy Cow Ice Cream stores.
"We envision this as a national brand," he says, "and that's the way we positioned ourselves and that is what we are working toward."
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