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

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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

Offering the best tasting, made-to-order ice cream churned in-store fresh daily using only the finest ingredients and mixed on a frozen granite stone with endless combinations of fruits, nuts, candy, sauces and more. Also, smooth & creamy frozen yogurt loaded with probiotics in low-fat/calorie flavors and dairy-free sorbet. Every creation made to order available in cups, cones, waffle bowls and shakes, plus mix & go.

As well as hot stone plated indulgent desserts with chocolate chip cookies, brownies and chocolate cakes. Also, old fashion sundaes, frappes and fruit smoothies, along with pre-packed quarts and party packs. Every option for everyone, all served in a fun and friendly atmosphere.

In addition to the richest cakes, cupcakes, cookie sandwiches and pies for takeout or conveniently ordered online or by smart phone 24 hrs/day. Cold Stone has the perfect cake for any occasion: signature, birthday, kid-themed, petite, custom or photo cakes.

Turnkey - with full time manager in place!

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
Rent:
$3,291.00 Per Month
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.

Value Of FF&E: Included in Asking Price.
Website:
www.coldstonecreamery.com/
Market Outlook/
Competition:
Nation's leading premium ice cream brand. Voted "Best Ice Cream" countless times. Quality, variety and choice - what customers want! With seemingly endless combinations of mix-ins, allows customers to dream up their own ice cream treat or choose from their wildly popular Signature Creations. Never prepackaged or shipped in, it's the freshness factor that sets them apart. 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." An artisanal ice cream churned fresh on-site with high standards for taste, consistency and texture.

Ranked #1 in Category. Ranked in the Top 50 - Nation's Restaurant News "Beloved Brands". Consumer Pick - Nations Restaurant News. 1st Place for Craveability in the Dessert Category - Nation's Restaurant News. Ranked in the Top 200 of the Countries Best Franchises - Franchise Times. Ranked in the Top 100 Global Franchises In The World - Franchise Direct. Ranked in the Top 50 - Entrepreneur Franchise 500.
Growth & Expansion:
First store opened in 1988, began franchising in 1994. After 30 years in business, this iconic brand continues to thrive and grow. Currently operating more than 1,000 locations in the United States and hundreds in nearly 30 international markets.

Ice cream is America's favorite dessert. Our love affair with ice cream appears everywhere in popular culture - in books, songs, television and movies. Ice cream is also unique because our love and craving for it, stays with us throughout our entire lives.

Cold Stone Creamery is the ultimate ice cream experience, beloved by millions of customers in the U.S. and around the world. Has captivated the sweet tooth of consumers everywhere. Enjoys household name recognition and boasts remarkable customer loyalty. Is a truly remarkable brand that has proven staying power.

Cold Stone is also committed to innovation, offering special themed products to celebrate each season, each holiday and big Hollywood blockbuster movies. And Cold Stone continues to expand co-branded partnerships and create new flavors to increase sales. It also has the highest average unit sales volume of any ice cream concept. Was the first to provide online/smart phone ordering, builds frequency of cake orders because it's so easy. Plus, it's an easy-to-run and easy-to-scale business that uses only state-of the art equipment.

There has never been a better time to invest in the franchise. Owning a Cold Stone doesn't require any previous experience in the restaurant or service industry, they provide everything an entrepreneur needs to succeed. Not only is it a sound investment with tremendous training, great marketing support and an exceptional product, but it's also a fun business to own. Cold Stone Creamery is a stand-out brand in the rapidly growing $8 billion-dollar booming ice cream industry. And consumer demand for premium handmade ice cream containing high quality ingredients is on the rise!
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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 a loan.

Listing Info

ID:
1561170
Ad Detail Views:
296

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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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