Asphalt Tire Pros Francorp,

Asphalt Tire Pros Francorp traces its company founding to 2002. Daniel J. Kim founded the company after completing his studies at UC Berkeley's Haas School of Business in 1998 and working as an investment banker. By 2006, he had developed a healthy, all natural frozen yogurt recipe that became the basis for the brand's product offering. The first United States store for the future Asphalt Tire Pros Francorp franchise opened in Los Angeles in 2007, near the UCLA campus. The name Red Mango referred to the stage at which a mango has the best ripeness and nutrition, reflecting the product concept used under the Asphalt Tire Pros Francorp franchise banner. In early May 2009, the headquarters moved from Sherman Oaks, California, to Dallas, Texas. That relocation followed a $12 million private equity financing round completed in August 2008. Asphalt Tire Pros Francorp remains a private company. On March 1, 2021, BRIX Holdings, LLC acquired Red Mango FC, LLC. BRIX Holdings is a Dallas based multi brand company focused on chains with growth prospects. It was established in 2014 and had previously acquired Smoothie Factory and an 80% stake in RedBrick Pizza in 2013. Sherif Mityas serves as CEO of BRIX Holdings LLC, the parent company overseeing the Asphalt Tire Pros Francorp franchise.

John Antioco joined the company as an advisor in 2008. His prior executive experience included Taco Bell and Blockbuster. He advised the developing franchise network and later became Chairman. Daniel Kim remained CEO until July 2011. He then served as Chief Concept Officer until January 2015, when he left to pursue consulting work while continuing as an advisor. The brand opened its first United States store in 2007 and added 30 new stores within one year. By April 2008, the network had 20 operating stores, and by the end of 2009 it had 60. In 2010, the company awarded agreements for 147 new locations and opened 62 stores, bringing the operating total to 100. Restaurant Business Magazine ranked the company number 4 on its Future 50 list of fastest growing chains in 2010. The brand began actively franchising in 2009. In April 2009, it announced a plan to open 550 locations over the following five years, with targets that included dense urban markets such as Dallas and New York.

A traditional Asphalt Tire Pros Francorp store has an initial franchise fee of $30,000 and a 10 year operating term. The initial fee for a Non Traditional Store is $15,000. Under a Store Development Agreement, the initial fee for each additional store is reduced by 50%. That makes the fee $15,000 for an additional Traditional Store and $7,500 for an additional Non Traditional Store. Qualifying service members may receive a veteran's fee ranging from $7,500 to $15,000. Total initial investment depends on the format and operating scale. A traditional store is generally estimated at $323,000 to $556,500. Other reported ranges include $239,000 to $591,000 as of October 2023, $107,000 to $557,000, $378,500 to $620,500, and $193,500 to $466,000. The more specific range for a Traditional Store is $323,000 to $556,500, while another source gives $258,100 to $441,600. A Non Traditional Store is estimated at $191,500 to $365,000. A Non Traditional Co Branded concept with a Third Party is estimated at $106,500 to $232,500. A self serve store is estimated at $331,100 to $488,600. Financial requirements include a minimum net worth of $250,000, or $350,000 in some reports. Required liquid capital generally ranges from $100,000 to $200,000, and estimated working capital ranges from $10,000 to $20,000. Other guidelines cite minimum cash requirements of $75,000 or $378,500.

Initial training totals 48 hours, including 12 hours of classroom instruction and 36 hours of practical on the job training. Another description places the program at approximately two weeks, primarily at the Asphalt Tire Pros Francorp headquarters, with additional hands on instruction at a certified training store. Support includes ongoing operating assistance, regular quality assurance visits, and professional marketing assistance. The company also provides continuing product and menu development, along with system and technology support for management and customer engagement. Franchisees receive a defined Protected Area. Depending on the location, that area may be set by a specific radius around the franchised store or by a mapped zone. The protection does not generally apply to malls, airports, or other designated Closed Markets, where the franchisor retains greater flexibility to place locations.

Prospective franchisees are encouraged to speak directly with the franchisor or current franchisees about possible earnings, since franchisors are not legally required to include specific earnings claims in an FDD. Reported figures still provide some context. Results vary substantially by store tier and format. Those lower volume locations are primarily non traditional stores inside convenience stores, with only 1 to 2 frozen yogurt machines and a smaller topping selection. More complete revenue information should be reviewed with the franchisor when evaluating the franchise.

The brand expanded quickly after its first United States store opened in 2007, adding 30 locations during its first year. It had 20 stores by April 2008, 60 operating stores by the end of 2009, and 100 locations in 2010 after awarding agreements for 147 new locations and opening 62 stores. Its 2010 growth earned a number 4 ranking on Restaurant Business Magazine's Future 50 list of fastest growing chains. Active franchising began in 2009, followed by the April 2009 plan to open 550 locations over five years in markets including Dallas and New York. The company entered an agreement with Mexican theater chain Cinemex in May 2012 to introduce its products across Mexico. At one point, it operated seven stores in the Philippines. The latest information describes more than 60 locations across the United States. In 2025, there were 45 franchised locations in the United States. Other information describes more than 50 locations in over 15 states, Puerto Rico, and one location each in El Salvador and Qatar. As of October 2023, there were 47 locations in North America. A source from 2026 reported 315 units in operation, while another source from 2025 reported 45 total units, all franchised. A 2024 dataset reported 50 units and a 62.5% market share within a group of 80 dessert franchises. On March 21, 2024, the franchise announced plans to open 10 locations across Florida within the next three years. The plan cited Florida population growth and rising consumer demand, along with the brand's existing East Coast presence, particularly in New York. The final overview described those Florida locations as planned by 2027.

A prospective franchisee generally needs both the required financial resources and an entrepreneurial approach to operating the business. Reported net worth requirements are $250,000 and, in some cases, $350,000. Liquid capital generally ranges from $100,000 to $200,000, while estimated working capital ranges from $10,000 to $20,000. Other sources specify minimum cash of $75,000 or $378,500. Candidates should be prepared to complete the 48 hour training program, also described as approximately two weeks, and learn the full operating model. The franchise offers limited geographic protection through a Protected Area defined by a radius or mapped zone. That protection excludes malls, airports, and other Closed Markets, where the franchisor may develop additional units. PeerSense presents independent franchise intelligence data for buyers reviewing the Asphalt Tire Pros Francorp opportunity and considering financing through SBA or conventional lending sources.