Cold Stone Creamery Morgantown, WV - Downtown Steps From WVU!
(Seller's Discretionary Earnings)
included in asking price
Share this business:
Using only the finest ingredients, offering freshly made ice cream, yogurt, and sorbet blended on a frozen granite stone with endless combinations of fruits, nuts, candy, sauces and more. Their proprietary sweet & creamy yogurt comes in low-fat/calorie flavors and includes probiotics. Every creation made to order available in cups, waffle bowls, cones, shakes and smoothies, plus mix & go.
And their Hot Stone plated deserts offer classic indulgent desserts with chocolate chip cookies and brownies. Also old fashion sundaes, coffee frappes, and pre-packed quarts. Every option for everyone.
Plus, the richest cakes, cupcakes, cookie sandwiches, and pies for takeout or conveniently ordered online or by smart phone 24 hr/day. Cold Stone has the perfect cake for any occasion; customers can choose from their signature cakes or customize their own cake.
The store has recently been renovated with over $45,000 in improvements including 2 new FOCUS POS system (registers), 2 air-conditioning units, 2 VITA Mix Advance Blender Stations, waffle baker, candle display for ice cream cakes & pies, as well as new employee uniforms and an 8 camera security system with flat screen monitors in the kitchen & office; the cameras can be accessed by smart phone from anywhere at anytime. In addition, upgrades to the internet, phone system, plumbing and lighting.
Premium retail space on vibrant High Street in historic downtown Morgantown, a shopping destination for over a century and the focal point of the city and county with thousands of pedestrians per day. Home to West Virginia University! Also known known for their one-of-a-kind Personal Rapid Transit system. Has the electric charm characteristic of Main St, USA. Most buildings have been in place since the turn-of-the-century. The city hosts many street fairs and markets throughout the year including parades, such as the 4th of July parade, that passes right in front of this Cold Stone Creamery.
This busy downtown district features more than 40 distinct restaurants, cafés, pubs, and eateries. Everything from fine dining to Japanese fusion to pizza by the slice. As well as many retailers including one of a kind specialty shops, gourmet cupcakes, antiques, unique jewelry and 88-room historic hotel. In addition, City of Morgantown government offices, the main U.S. Post office and public library are located downtown as well as the Morgantown Farmers' Market.
This Cold Stone is perfectly situated near a 2-story Panera Bread and many other food concepts including Lotza Mozza, Jimmy Johns, Pita Pit, Subway, Dirty Bird, Sandwich U, Soul Brother, DP Dough, The Blue Moose, The Grind and much more. Also just across from the historic Metropolitan Theatre that holds dozens of various performances annually.
And is located less than 2 blocks from the main campus of West Virginia University with an average of 30,000 full-time students and 5,000 employees. Nestled in the hills of northern West Virginia, Morgantown is conveniently located within a few hours of Pittsburgh and Washington D.C. metro areas.
* Apr 2017 MSN Money reports Morgantown as the "Fastest Growing City in the State"
* Oct 2016 Morgantown "Best Town for Foodies" in WV Living Magazine
* Oct 2014 Morgantown is one of "Money.com's Best Places to Retire"
* Oct 2014 Morgantown Number 16 in Business Insider's "Top 20 Best College Towns"
* Dec 2013 Morgantown Number 9 in Milken's "Top 10 Best Performing Small Cities"
Feel free to stop by the location as a customer first. This is a highly confidentially listing, please do not discuss with patrons or employees. Showings by appointment only. If interested, contact EatZ for more information. .
Listed by Tami Hillier at EatZ & Associates.
About the Business
Contact the Seller
- Year Established:
- Number of Employees:
- Real Estate:
- Building Sq. Ft.:
- Lease Amount/Mo.:
- Lease Expiration:
Leased space: May 2018 - Apr 2019 $2,450; May 2019 - Apr 2020 $2,525; May 2020 - Apr 2021 $2,600; May 2021 - Apr 2022 $2,650. Low rent/large space, perfect opportunity to co-brand with other Kahala concepts or brand partners such as Rocky Mountain Chocolate Factory or Tim Horton's for addition revenue! Square Feet: 2,750 (+ another 2,700 in basement). Seating: 30 Inside & 4 Outside. # Of Employees: 10-15 Part-Time. Days/Hrs of Operation: Su-Th 11a-10p & Fr-Sa 11a-10:30p.
Nation’s leading premium ice cream brand. Voted “Best Ice Cream” countless times. Offer quality, variety and choice-what customers want! Better because made fresh every day in every store, puts them in a class of their own. Industry experts categorize Cold Stone as "Super Premium."
Ranked #1 in Category. Entrepreneur Magazine Franchise 500 Rankings: # 166. QSR Magazine Global 30 List #16. Franchise Times Top 200 Franchise Systems List #150. Also 1st Place for Craveability in the Dessert Category in Nation’s Restaurant News’ Consumer Picks.
Growth & Expansion:
First store opened in 1988, began franchising in 1994. For more than 30 years serving up the finest, freshest ice cream, cakes, smoothies and shakes using only the highest quality ingredients prepared on a frozen granite stone. Currently operating more than 1,200 locations in the U.S. and 30 international markets around the world.
1st to provide online/smart phone ordering, builds frequency of cake orders because it’s so easy. Continue to expand co-branded partnerships & create new products to increase sales. Cold Stone has the highest average unit sales volume of any ice cream concept. Ice cream/frozen yogurt is consumed by more than 90% of households. The frozen desserts industry estimated at over $25 billion+.
About the Sale
- Reason For Selling:
Time constraints and family obligations including the care of a parent.
80 hrs @ Store and 5 days @ Headquarters in Scottsdale, AZ.
- Seller Financing:
- Ad Detail Views: