Cold Stone Creamery Queens, NY-Over $1M In Sales For Sale

Property Information

Real Estate:

Lease

Lease Terms:

Lease Information: Leased space $10,810/mth gross. Current lease expires Mar 2035 with one 5-year option.

Lease Security Deposit: $8,802.

Location:

Desirable Commercial Corridor

Situated along a heavily traveled commercial corridor with over 25,000 vehicles daily in southwestern Queens. This prime location benefits from an established neighborhood shopping/dining district, convenient regional highway access and a substantial surrounding residential customer base.

Strong Surrounding Businesses

The immediate trade area features major national retailers, supermarkets, pharmacies, restaurants, cafés, fitness studios, medical offices and neighborhood service businesses, generating multiple reasons for consumers to visit the corridor throughout the day.

Longstanding Neighborhood Presence

Nearby schools, dense residential neighborhoods, public transportation and regional commuter connections provide additional customer sources.

Prime Beach Location

This corridor also serves motorists traveling between Queens and popular waterfront destinations, creating opportunities to attract both local residents and visitors alike!

Impressive Surrounding Demographics

Within 1 mile ~39,296 residents with an average household income of $138,238. And within 3 miles ~510,841 residents and 163,349 households with average household income of $112,731.

Premises Details:

Year Established: 2005 (Current Owner 2018).

Seating: 0 Inside & 6 Outside.

Owners Role: Absentee owned and operated - full-time manager in place.

Size in square feet:

1,250

Business Operation

Management type:

This business has absentee ownership.

Expansion Potential:

The Franchise

Cold Stone continues to expand co-branded partnerships and create new flavors to increase sales. Is also committed to innovation, offering special themed products to celebrate each season, holiday and big blockbuster movie.

A New Operator

Multiple opportunities to pursue additional sales and operating improvements through increased local marketing, community partnerships and more active oversight.

1. Expand ice cream cake sales - market birthday cakes, holiday desserts & celebration packages to neighborhood families, schools & businesses
2. Increase catering and group orders - target office celebrations, corp events, school functions & local organizations
3. Strengthen digital marketing - use neighborhood-targeted social media campaigns, loyalty promotions & online advertising
4. Develop community partnerships - explore fundraising nights, school events & neighborhood promotions
5. Improve operations - evaluate labor scheduling, purchasing, food costs, delivery expenses & customer service to identify opportunities for stronger profitability

Competition / Market:

A Proven Franchise

After 30 years, this iconic brand continues to thrive and grow. Has built a dominant position in the frozen dessert category with a highly differentiated product and customer experience. Has the highest average unit sales volume of any ice cream concept. Plus, it's easy-to-run using only state-of-the-art equipment.

Ice cream is America's favorite dessert. And Cold Stone is the ultimate ice cream experience, beloved by millions of customers. Enjoys powerful name recognition and strong brand loyalty. A truly remarkable national brand with proven staying power.

• One of the most recognizable names in the premium dessert segment
• One of the strongest brands in the frozen dessert industry
• The most recognized premium ice cream franchise in the country
• One of the world's bestknown premium ice cream concepts

This Opportunity

An established national dessert franchise with 7-figure historical annual sales, absentee-managed operations, a planned seller-funded refresh and a long-term lease in a substantial Queens County market.

Reasons for selling:

Consolidating in the Bronx.

Trading hours:

Mo-Th 11:30a-11:30p, Fr 11:30a-12m, Sa-Su 11a-12m

Employees:

7 Full-Time

Years established:

21 Years

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Franchise Royalty/Ad Fees: 6% / 3%

Franchise Transfer Fee: $17,500

Other Information

Support & training:

80 hours at an approved training store, plus 5 days online corporate training.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Possibly, to a well-qualified buyer with a substantial down.

Furniture / Fixtures value:

$150,000 - included in the asking price

Website:

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Related Documents:

•   Business Information