Cold Stone Creamery & Blimpie’s Altoona, PA - Park Hills Plaza!

Altoona, PA (Blair County)

Seller Financing Available
Cold Stone Creamery & Blimpie’s Altoona, PA - Park Hills Plaza!

Asking Price:$49,000

Cash Flow:N/A

Gross Revenue:$157,532

EBITDA:N/A

FF&E:$150,000

Inventory:N/A

Lease Rate/Sq. Ft.:$22.65

Established:2008

Cold Stone Creamery & Blimpie’s Altoona, PA - Park Hills Plaza!

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Business Description

Great opportunity to own two top franchises for one low price!

Using only the finest ingredients, offering freshly made creamy ice cream, yogurt & sorbet blended on a frozen granite stone with endless combinations of fruits, nuts, candy 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 any occasion for take out conveniently ordered online or by smart phone 24 hrs/day.

Plus this location also serves fresh wholesome & healthy soups, salads and sub-sandwiches & wraps.

Turnkey operation, priced to sell! Because this is a corporate store there is limited financial information. Franchise agreement and lease are transferrable and the franchise will help with training and transition. All reasonable offers will be considered. No transfer fee!

Prime retail space in the heart of Altoona’s retail corridor on Rte 220 & Plank Rd with 28,000 vehicles passing daily. This busy plaza is anchored by a Weis Market and has a strong lineup of national retailers including Toys R Us, AC Moore, Dunham Sports, Harbor Freight Tools, PetCo, Shoe Carnival and more. Situated directly across from the Logan Valley Mall featuring Macy’s, JCPenney, Sears & Old Navy. Also in close proximity to Altoona Curve AA ballpark attracting 300,000+ guests annually.

Highly Confidential listing, please do not discuss with employees or patrons.

Listed by Tami Hillier at EatZ & Associates

Detailed Information

Real Estate:
Leased
Building SF:
1,600
Lease Expiration:
7/31/2018
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Leased space $3,020/mth includes rent, CAM, insurance and taxes. Current lease expires in July 2018 with two 5-year options. Days/Hrs of Operation: Su-Th 12n-10p & Fr-Sa 12n-11p.
Competition:
Cold Stone – 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 Ranking: #54 (2015), #50 (2014), #53 (2013), #50 (2012), #54 (2011) & America's Top Global Ranking: #28 (2015), #46 (2014), #42 (2013), #46 (2012), #47 (2011). Also 1st Place for Craveability in the Dessert Category in Nation’s Restaurant News’ Consumer Picks 2013. Blimpie’s - The 3rd largest sub-sandwich franchise in the US. “America’s Sub Shop” - a part of the American landscape for almost 50 years. Renowned for offering only the highest quality products for more than four decades, a respected brand among the quick-service restaurant category. 2009 CSD Readers Choice Award for successfully “Branded Fast Food” by Convenience Store Decisions. Plus included in “The 10 Franchises for 2010” by Entrepreneur Magazine. Recent Rankings: Franchise Top 500 #299 (2015) and America's Top Global Rankings #90 (2012).
Growth & Expansion:
Cold Stone - 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. Operating more than 1,400 locations in the US & 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. Blimpe’s - The first Blimpie submarine sandwich restaurant opened in 1964 in Hoboken, NJ. Today, Blimpie-branded sub sandwich franchise restaurants can be found in shopping centers, convenience stores, food marts, colleges, hospitals and more. There are now nearly 475 Blimpie franchises in the US and growing. In addition, Blimpie’s & Cold Stone’s parent company, Kahala is one of the fastest growing franchise companies in the world with its large selection of high quality, quick-service restaurant brands.
Financing:
Possibly, with substantial down.
Support & Training:
80 hrs @ Store & 5 days @ Headquarters in Scottsdale, AZ. Franchisor is offering their support and assistance in getting this property transitioned to new ownership.
Reason for Selling:
Corp location looking for franchisee. Franchisor looking to focus on brand only!
Franchise:
This business is an established franchise

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Tami Hillier

Business Listed By:
Tami Hillier

EatZ & Associates

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Sponsoring Broker:
Tom Traina

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