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: Cold Stone Creamery State College, PA - Just 2 Blocks From Penn State University!
State College, Pennsylvania

Asking Price

$199,000

Office Listing #

CSC SC PA
Revenue $384,324 / year Lease Rent $2,440 / month
Cash Flow $86,865 / year Square Feet 1,800
Direct Link www.restaurants-for-sale.com/26970

    

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 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. This location also delivers. 2016 and 2017 sales up year over year!! Location: Prime retail space on Beaver Ave just two blocks from Penn State University. Penn State is a member of the Big Ten Conference and was founded in 1855. PSU is a world class learning and research institution. The Penn State campus covers 5,448 acres and is the epicenter for 40,500 PSU students, 3,000 faculty and 13,000 other employees. State College, the largest borough in Pennsylvania, was ranked as the safest small city, the 19th smartest city, the 3rd best college town and among the top 10 smaller metro areas in which to start a career or business in the U.S.! Lease Information: Leased space - cheap $2,440/mth all in. Current lease expires in May 2020 with the option to renew. Landlord requires a local operator, restaurant experience preferred and strong financials. Training: 80 hours @ store and 5 days @ Headquarters in Scottsdale, AZ. 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 listings, please do not discuss with employees or patrons. Listed by Tami Hillier at EatZ & Associates

  

General Information

Organization Corporation
Year Established 2004
Current Owners 2004
Employees 25 Part-Time
Operating Hours Daily 11a-11p
Reason For Sale Retiring
   

Facilities

Seating 24 Inside + 12 Outside
Square Feet 1,800
Parking Street, Garage, Lot, Etc
Licenses None
   

Financials

Revenue $384,324 / year
Cash Flow $86,865 / year
Payroll Contact For Info
Inventory Contact For Info
FF & E $150,000
 
 

Lease

Lease $2,440 / month  
Expiration 05/2020  
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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The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Restaurants For Sale Online, LLC has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness. Read the disclaimer before responding to any ad.

 
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