Yogurtworld Franchising Corp. has sold the rights to Menchie's in Canada to Toronto-based Midland Group chairman Alex Shnaider.
Shnaider, one of Canada's most successful businessmen, has stakes in ocean shipping lines and numerous real estate holdings, including Toronto's Trump International Hotel & Tower and the King Edward Hotel.
"We are delighted to have purchased the rights to Menchie's in Canada," stated Shnaider.
"In my opinion Menchie's is clearly the best self-serve frozen-yogurt chain in the world. By pursuing an aggressive expansion strategy we will build upon its success and bring the Menchie's experience to more communities."
In 2012 Menchie's was included in Entrepreneur magazine's Franchise 500 list and ranked in the publication's Fastest-Growing, Top New and America's Top Global franchise categories.
A Menchie's franchise requires a total investment of from $300,000 to $400,000, including a minimum $25,000 franchise fee and a royalty fee of 6 per cent.