Five Flavors
- Ownership Requirement
- Full-time
- Business Type
- Franchise
Life's Too Short for One Flavor
Bring Chicago's iconic stacked ice cream cone to your neighborhood.
Brand overview
A Chicago institution for nearly 100 years, The Original Rainbow Cone has delighted generations with its signature dessert. Featuring five distinct flavors—Orange Sherbet, Pistachio, Palmer House, Strawberry, and Chocolate—stacked high and sliced into a cone or cup, it is a truly unforgettable treat. Now, this beloved brand is expanding beyond Chicagoland to partner with great people who share its values and passion for community.
Availability
We are currently accepting inquiries in these states:
Gallery
Why choose Five Flavors
Rainbow Cone offers flexible franchise models designed to fit various real estate footprints, from free-standing stores with high-volume drive-thru options to slimmed-down Express Shops for non-traditional venues. In-house real estate, construction, and design teams guide franchisees through every step, from market analysis and site selection to construction plans. Available territories span multiple high-growth states for a proven, iconic dessert concept.
Revenue Potential & Investment Requirements
Revenue Potential
2025 FDD top performing unit
Total investment
$1,464,697–$5,841,375
Cash Required
$250,000
Net worth
$750,000
Franchise fee
$40,000
Total units
25
Real estate required
Not Specified
Growth Trends
Training & support
Franchisees receive comprehensive support from an experienced in-house team dedicated to setting them up for success. From initial market analysis and site selection to vendor contacts and detailed construction plans, the brand provides the guidance and services needed to open and operate your restaurant confidently.
Ideal candidate
Rainbow Cone seeks operating owners with at least a 10% ownership stake who bring relevant restaurant or retail management experience. The ideal candidate possesses strong financial acumen, excellent leadership skills, and the entrepreneurial drive to implement existing systems, all while maintaining a positive and community-focused demeanor.
Got a sweet tooth for success? Explore available territories and take the first step toward owning a piece of this legendary Chicago brand.