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Cold Stone Creamery Merritt Island, FL - Popular Merritt Square Mall!
Merritt Island, Florida

Asking Price

$59,900

Office Listing #

CSC MI2 FL
Revenue $293,675 / year Lease Rent $4,396 / month
Cash Flow $36,659 / year Square Feet 1,823
Direct Link www.restaurants-for-sale.com/23536

    

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 new proprietary sweet & creamy yogurt comes in low-fat/calorie flavors and includes probiotics. Every creation is 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, churros & funnel cakes. Also available 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, customers can choose from their signature cakes, eight-layer ice cream cakes or customize their own cake or photo cake. Location: Prime retail space inside Merritt Square Mall adjacent to the food court and across from a 16-screen movie theater. This busy mall is anchored by Dillards, Macys, Sears & JCPenny plus 79 specialty shops and 18 restaurants. Located on one of the busiest highways in Brevard County. A popular shopping and entertainment destination on Merritt Island, FL just minutes from Port Canaveral, Kennedy Space Center and Cocoa Beach. The mall is now under new ownership and is being revitalized! TGIF Fridays will have a new restaurant in its place. Trader Joes is opening just across the mall in 2018. A brand new Sonic just opened 2 miles from mall. Chic Fila, Forever 21 and Spencer’s all just finished remodels inside the mall. And much more in the works! Lease Information: Leased Space $3,996/mth includes rent, CAM, insurance and taxes. Current lease expires in Aug 2021 with the option to renew. Mall Hours = Mo-Th 11a-10p & Fr-Sa 11a-11p & Su 12n-9p Training: 80 hrs @ Store and 5 days @ Headquarters in Scottsdale, AZ. Estimated 2017 Cash Flow $53,400! Value of FF&E (Included in Asking Price): $150,000. Seller Financing: No. Competition/Market: Nation’s leading premium ice cream brand. Voted “Best Ice Cream” countless times. Offer quality, variety & 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: #57 (2016) #54 (2015), #50 (2014), #53 (2013), #50 (2012). QSR Magazine Global 30 List #16 (2016). Franchise Times Top 200 Franchise Systems List #151 (2016). 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 1,400 locations in the U.S. & 20 countries worldwide. First 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 $21 billion+. Highly confidential listing, please do not discuss with patrons and employees. Listed by Tami Hillier at EatZ & Associates

  

General Information

Organization Corporation
Year Established 2005
Current Owners 2012
Employees 8 Part-Time
Operating Hours Mo-Th 11a-10p & Fr-Sa 11a-11p & Su 12n-9p
Reason For Sale Family.
   

Facilities

Seating 12
Square Feet 1,823
Parking Lot
Licenses None
   

Financials

Revenue $293,675 / year
Cash Flow $36,659 / year
Payroll Contact For Info
Inventory Contact For Info
FF & E $150,000
 
 

Lease

Lease $4,396 / month  
Expiration 08/2021  
Yearly Adjustment Not Available  
Option Option to renew.  
Deposit Not Available  
     

Financing

Down Payment Contact For Info  
All Cash Contact For Info  
Note Balance Contact For Info  
Term of Note Contact For Info  
 
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Listing Contact

Tami Hillier
phone: 503-319-4626
Tom Traina
Eatz & Associates
phone: 888-971-3289
fax: 888-673-3045

www.eatz-associates.com

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