Established Cold Stone Creamery Indianapolis, In-broad Ripple Village For Sale

Property Information

Real Estate:

Lease

Lease Terms:

Lease Information: Leased space $4,023/mth gross. Current lease expires Oct 2028. The landlord is open to more term.

Lease Security Deposit: $3,000

Location:

Prime retail space in Broad Ripple Village, one of Indianapolis' most recognized cultural districts, located just 6 miles north of downtown.

Known for its energetic atmosphere, pedestrian-friendly streets, eclectic shopping, popular restaurants and thriving nightlife, Broad Ripple attracts a diverse mix of residents, college students, young professionals, families and visitors.

Located in Broad Ripple Shoppes positioned directly on Broad Ripple Ave, this Cold Stone Creamery benefits from a desirable destination-oriented setting where customers come to dine, shop, socialize and enjoy entertainment. Plus, the area's active daytime and evening environment creates opportunities for impulse purchases, after-dinner desserts and repeat visits.

Location Highlights

• Heart of Indianapolis' established Broad Ripple Village
• One of the city's bestknown dining, nightlife, shopping & entertainment destinations
• Surrounded by popular restaurants, bars, coffee shops, specialty retailers & neighborhood businesses
• Near Monon Trail, a popular 26+mile recreational corridor attracting walkers, runners & cyclists
• Just 2 miles from Butler University with thousands of students, faculty, employees & campus visitors
• Close to The Vogue, a landmark live music/entertainment venue drawing concertgoers/nightlife traffic
• Near the Indianapolis Art Center, Broad Ripple Park, White River & Central Canal recreational amenities
• Established surrounding residential neighborhoods provide a builtin customer base
• Accessible via major northside thoroughfares & IndyGo's Red Line
• Broad Ripple's community festivals, farmers market & special events create additional opportunities for customer exposure

An Established Retail Location With Multiple Customer Segments

This Cold Stone Creamery offers an attractive opportunity to serve several complementary customer groups throughout the day and evening.

Families and neighborhood residents enjoy an ice cream outing, while shoppers, students, recreational trail users and restaurant patrons provide additional business. Broad Ripple's popular evening entertainment scene offers another valuable customer segment, particularly for after-dinner and late-night desserts.

The store offers dine-in seating along with convenient takeout, pickup and delivery options, giving customers several ways to enjoy Cold Stone's products.

Premises Details:

Year Established: 2015 (11 Years).

Seating: 22 Inside.

Owners Role: Owner operated - active-day-to-day.

Size in square feet:

1,600

Business Operation

Management type:

This business is owner operated.

Expansion Potential:

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.

An engaged owner-operator could also increase sales and strengthen profitability through:

• Expanding local marketing efforts targeting Broad Ripple residents, businesses & nearby Butler University
• Building relationships with area restaurants, schools, offices & community organizations
• Increasing awareness of online ordering, pickup & 3rdparty delivery
• Increasing ice cream cake orders for birthdays, graduations, holidays & celebrations
• Promoting catering, group orders
• Leveraging local festivals, concerts, farmers markets & community activities to attract new customers

Competition / Market:

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. Benefits from multiple revenue streams - ice cream creations, ice cream cakes & specialty desserts, shakes, smoothies, beverages and catering/special events.

First store opened in 1988, began franchising in 1994. 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. Currently operating more than 900 locations in the US and 1,300 worldwide. The most recognized premium ice cream franchise in the county. Also 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!

Reasons for selling:

Retiring.

Trading hours:

Mo-Th 1p-10:30p, Fr 1p-11p, Sa 12n-11p, Su 12n-10p

Employees:

1 Full-Time & 2 Part-Time

Years established:

11 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

Financing available:

No.

Website:

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Related Documents:

•   Business Information