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Package Deal - Two High Volume Cold Stone Creamerys Pittsburgh, PA - Squirrel Hill & Waterworks Mall
Pittsburgh, Pennsylvania

Asking Price


Office Listing #

Revenue $965,789 / year Lease Rent 6,769/3,990
Cash Flow $182,695 / year Square Feet 1,800 & 1,196
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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, churros & funnel cakes. 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. Locations: Squirrel Hill - Squirrel Hill is not only one of the best city neighborhoods to live in Pittsburgh, but also one of Pittsburgh’s most affluent and well-educated neighborhoods. This Cold stone is perfectly situated at the corner of Forbes & Murray, at the center of Squirrel Hill’s robust and vibrant business district. While Murray Ave is a feast for foodies, Forbes Ave is heaven for shoppers. Featuring a diverse and impressive array of casual eateries, culinary offerings and coffee/tea shops such as Turkish Kebab House, Te Café, Waffalonia, Gaby Et Jules, Commonplace Coffeehouse and Dobra Tea. As well as 3 of Pittsburgh’s most popular pizzerias: Aiello’s, Mineo’s and Napoli. Along with several neighborhood bars including Silky’s, Squirrel Hill Café and Independent Brewing Company. Plus, many independent shops and boutiques like Ten Thousand Villages, Contemporary Concepts and Avalon Exchange. The Business district also has the best Carnegie library branch in the area. It’s home to the Manor, one of Pittsburgh’s oldest and best movie theaters. It is sandwiched between 2 beautiful parks: Frick Park and Schenley Park. And U of Pitt, CMU and Chatham University as well as several hospitals are also close by. There’s also a ton of culture, art and street festivals to enjoy all year round. Waterworks Mall - A popular outdoor super-regional shopping mall on Freeport Road in Pittsburgh. Anchored by Barnes & Noble, Bed Bath & Beyond, Dunham's Sports, Giant Eagle, Marshalls, Petco, TJ Maxx and Walmart. This busy 914,638 sqft mall also features more than 75 retail stores and restaurants, as well as a movie theater. Other eating & drinking establishments include Starbucks, Burgatory, Panera Bread, Uncle Sam's Subs, Five Guys Burgers, Aladdin's Eatery, Italian Village Pizza, Ichiban Hibachi & Sushi Bar, La Cappella and Subway. Lease Information: Squirrel Hill - Leased space $6,769/mth all in. Current lease expires in Sep 2018 with one 5-year option. Waterworks Mall - Leased space $3,990/mth all in. Current lease expires Aug 2020 with the option to renew. Training: 80 hrs @ Store and 5 days @ Headquarters in Scottsdale, AZ. Value of FF&E (Included in Asking Price): $300,000. 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. 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 $21 billion+. Turnkey with a full time general manager in place managing both locations! Absentee owner lives out of state. Highly confidential listing, please do not discuss with patrons or employees. Listed by Tom Traina at EatZ & Associates


General Information

Organization Corporation
Year Established 2004/2005
Current Owners 2004/2005
Employees 1 Full/10 Part & 0 Full/7 Part
Operating Hours Su-Th 11a-10p/Fr-Sa 11a-11p & Su-Th 12n-10p/Fr-Sa 12n-11p
Reason For Sale Distance.


Seating 0 In/0 Out & 16 In/8 Out
Square Feet 1,800 & 1,196
Parking Lot
Licenses None


Revenue $965,789 / year
Cash Flow $182,695 / year
Payroll Contact For Info
Inventory Contact For Info
FF & E $300,000


Lease 6,769/3,990  
Expiration 2022  
Yearly Adjustment Not Available  
Option Options to renew.  
Deposit Not Available  


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

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