High Volume Cold Stone Creamery Reno, NV - Shoppers Square!

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Asking Price:
$649,000

Gross Revenue:
$763,294
Cash Flow:
$187,611
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Using only the finest ingredients, offering freshly made creamy 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 desserts offer classic indulgent desserts with chocolate chip cookies, brownies and more. Also old fashion sundaes, coffee frappes and pre-packed quarts. Every option for every one.

Plus the richest cakes, cupcakes, cookie sandwiches and pies for take out or conveniently ordered online or by smart phone 24 hrs/day. Cold Stone has the perfect cake for any occasion: signature, eight-layer ice cream, custom or photo cakes.

Turnkey - with full time manager in place.

Feel free to stop by the location as a customer first. This is a highly confidentially listing, please do not talk to any of the patrons or employees. If interested, contact EatZ for more information. Showings by appointment only.

Location: Prime retail space in Shoppers Square, the best mall in Reno that has been family owned and operated for over 50 years. A 200,000 sqft two-story retail center with over 50 businesses. Where both locals and visitors shop!

Offers a great mix of unique, local brands like Smart & Final, Flashback Toys and Soccer City, as well as big national names like CVS, Stapes and Tuesday Morning. And Sprouts Grocery has just signed a new lease where Marshalls was. Plus, a number of services such as Mee Lu's Nail Care and Pishon Hair & Supply. Also boasts the "Fastest Post Office in Reno".

Other popular eating & drinking establishments include Dickey's BBQ Pit & Pub, IHOP, My Favorite Muffin, McDonalds, Panda Express, Port of Subs and Saigon Diner.

Perfectly situated in the Wells Avenue Business District, on the edge of Midtown just one-mile south of downtown Reno, in one of the oldest & most distinguished shopping areas in the city. On the corner of East Plumb Ln and South Virginia St, it doesn't get much more central than Shopper's Square. Also its one of the most conveniently located shopping malls in Reno!

Time to get in is now, Shopper's Square is planning a remodel and face lift!

Feel free to stop by the location as a customer first. This is a highly confidentially listing, please do not talk to any of the patrons or employees. Showings by appointment only. If interested, contact EatZ for more information.

Listed by Tami Hillier at EatZ & Associates

About the Business

Year Established:
2004
Number of Employees:
1 Full/18 Part
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,361
Lease Amount/Mo.:
$3,291.00
Lease Expiration:
11/30/2018
Facilities:
Leased space $3,291/mth includes rent, CAM, insurance and taxes. Current lease expires in Nov 2018 with one 5-year option. Seating: 16-24 Inside. Square Feet: 1,361. Days/Hrs of Operation: Su-Th 10a-10:30p & Fr-Sa 10a-11:30p.
Market Outlook/
Competition:
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 1,000 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+.
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About the Sale

Reason For Selling:
Building a basketball facility.
Training/Support:
80 hours @ store and 5 days @ headquarters in Scottsdale, AZ.
Seller Financing:
No, but pre-approved by the SBA for qualified buyers.

Listing Info

ID:
1478393
Ad Detail Views:
1067

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Business Listed by

Tom Traina

EatZ & Associates
License# 475175390

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