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

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Time To Get In Is Now - The Best Mall In Reno w/A $34 Million-Dollar Renovation
Asking Price:
$609,000

Gross Revenue:
$674,446
Cash Flow:
$177,110
(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!

Location: Prime retail space in Shoppers Square, the best mall in Reno that has been family owned and operated for over 54 years. It's where both locals and visitors shop! Time to get in is now, Shopper's Square is currently going through a $34 million-dollar renovation to revitalize the 150,000 sqft center with a full redesign and addition of new tenants along with a public market food hall. And this Cold Stone is moving at no cost to a new bigger and better location in the center with higher visibility and outdoor seating at the front next to the highest volume Port of Subs in the country.

Currently offers a great mix of over 50 businesses including 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, McDonalds, My Favorite Muffin, 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. Plus, there is major growth happening in the center and across the street as well with many residential locations and more amenities being built!

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 employees or patrons.

If interested, contact EatZ for more information. Showings by appointment only.

Listed by Tami Hillier at EatZ-Associates

About the Business

Year Established:
2004
Number of Employees:
1 Full & 18 Par
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,361
Lease Rate/Sq. Ft./Mo.:
$2.42
Lease Expiration:
11/12/2023
Facilities:
Leased space $3,291/mth includes rent, CAM, insurance and taxes. Current lease expires in Nov 2023 with two 5-year options.

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 25 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+.
Contact the Seller

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 a loan.

Listing Info

ID:
1561170
Ad Detail Views:
293

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Business Listed by

Tami Hillier

EatZ & Associates

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Sponsoring Broker:

Tom Traina
EatZ & Associates
License# 475175390

U.S. Census Data for Washoe County, NV
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Washoe County, NV
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Source: American Community Survey (2010-2014), United States Census Bureau.

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