Gross Revenue: $354,097
Rate/Sq. Ft.: $10.14
Cold Stone Morgantown, WV - Prime Downtown Location Steps From WVU!
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. 2016 sales up over 22% YTD due to new management team and heightened marketing initiatives. Prime retail space on vibrant High St in historic downtown Morgantown, a shopping destination for over a century and the focal point of the city and county with 9,000 pedestrians per day. Home to West Virginia University! Also known for their one-of-a-kind Personal Rapid Transit system. Has the eclectic charm characteristic of Main St, USA. Most buildings have been in place since the turn-of-the-century. The city hosts many street fairs and markets throughout the year including 7 parades that pass right in front of this Cold Stone Creamery. This busy downtown district features more than 40 distinct restaurants, cafes, pubs and eateries. Everything from fine dining, to Japanese fusion, to pizza by the slice. As well as 100 retailers including one of a kind specialty shops, gourmet chocolates, fine wine, antiques, art galleries, unique jewelry and more. Plus 100 professional businesses and an 88-room historic hotel. This Cold Stone is perfectly situated next to a 2-story Panera Bread and many other food concepts including Lotza Mozza, Jimmy Johns, Pita Pit, Subway, Dirty Bird, Sandwich U, Soul Brothers, DP Dough, The Blue Moose, The Grind and much more. Also just across from the historic Metropolitan Theatre that holds dozens of various performances annually. And is located less than 2 blocks from the main campus of West Virginia University with an average of 30,000 full time students and 5,000 employees. Nestled in the hills of northern West Virginia, Morgantown is home to over 29,000 people and is just a hop skip and a jump away from the Pittsburgh and Washington D.C. metro areas. Morgantown: * 2010 Forbes "Best Small Places For Business And Careers" #10 * 2010 "America's Top College Towns" * 2009 Forbes "Best Small Places For Business And Careers" #3 2008 "Best Walking City in West Virginia", "34th Best in Country" by Prevention Magazine & American Podiatric Medical Association * 2007 Morgantown Named One of "Dozen Distinctive Destinations" by National Trust for Historic Preservation * 2007 Forbes "Best Small Places for Business and Careers" #9 * 2006 Forbes "Best Small Places"#5 Highly confidential listing, please do not discuss with employees or patrons. Listed by Tami Hillier at EatZ & Associates
Real Estate: Leased
Building Sq. Ft.: 2,750
Lease Expiration: 10/31/2017
Employees: 2 Full/15 Part
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Leased space $2,325/mth includes rent, CAM, insurance and taxes. Current lease expires in Oct 2017 with the option to renew at the same rate. Low rent/large space, perfect opportunity to co-brand with other Kahala concepts or brand partners such as Rocky Mountain Chocolate Factory or Tim Horton's for addition revenue! Square Feet: 2,750 (+ another 2,700 in basement). Seating: 30 Inside & 4 Outside. # Of Employees: 2 Full & 12-15 Part-Time. Days/Hrs of Operation: Su-Th 12n-10:30p & Fr-Sa 12n-11p.
Competition: 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). QSR Magazine: Global 30 List #19 (2013) & QSR Top 50 Ranking #49 (2011). Franchise Direct: Top 100 Global Franchises List #49 (2011). Franchise Times: Top 200 Franchise Systems #123 (2010). Also 1st Place for Craveability in the Dessert Category in Nation’s Restaurant News’ Consumer Picks 2013.
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 US & 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+.
Support & Training: 80 hrs @ Store and 5 days @ Headquarters in Scottsdale, AZ.
Reason for Selling: Moving.
Franchise: This business is an established franchise
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