Long-Established Cold Stone Creamery Queens, NY - Over $1M In Sales!

Queens County, New York, United States

Asking Price$759,000

Revenue$1,105,667

EBITDA-

Cash Flow$219,437

Description

High-Volume Long-Established Cold Stone Creamery Queens, NY - Over $1M In Sales! "Along A Heavily Traveled Commercial Corridor - In An Established Neighborhood Shopping/Dining District - Near Popular Waterfront Destinations In SW Queens" Outstanding opportunity to acquire a high-volume long-established Cold Stone Creamery franchise in Queens, New York! This nationally recognized premium ice cream location consistently generates over $1 million in annual sales, offering a buyer a substantial customer base, well established operations and the advantages of a popular well-known franchise. Another Major Benefit Also, the opportunity to purchase a refreshed franchise location. The seller will complete the recent franchisor-required store refresh before closing. Planned improvements include updated refrigeration equipment, counters and flooring. Estimated by the seller at over $100,000! The Cold Stone Creamery Experience Founded in 1988, Cold Stone Creamery has grown into an internationally recognized franchise with more than 1,500 franchised locations worldwide. Famous for its freshly prepared super-premium ice cream and signature frozen granite stone mixing process. The brand offers customized creations, shakes, smoothies and sundaes along with ice cream pies, cupcakes and cakes, plus take-home ice cream and packaged desserts. Buyers benefit from well established brand recognition, proprietary products, easy online ordering capabilities and franchisor training and support. Established Operations Its highly recognizable name, established menu and existing digital ordering infrastructure provide a solid foundation for continued operations. The business also benefits from multiple sales channels, including walk-in purchases, takeout, online ordering, 3rd-party delivery, custom ice cream cakes and catering. Plus, this location’s late-evening operating hours capture dessert purchases after dinner, family outings and other nighttime activities. And its long established online presence, positive customer reviews and brand-supported rewards/gift card programs provide additional marketing resources. A Turnkey Operation Currently absentee-owned and operated with an experienced full-time manager in place, the business offers an attractive opportunity for either an owner-operator seeking greater hands-on involvement or a qualified investor interested in maintaining a manager-led operation. 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. This is a HIGHLY confidential listing. If interested, please email Tami Hillier at [email protected] or call 503-319-4626 for more information. Showings by appointment only outside of business hours.

Real Estate

Rent is $10,810 per month

Building Size: 1250 sq. ft.

Furniture Fixtures & Equipment

$150k

Inventory

$5k

Business is

Absentee Owner

Established Franchise

Number of EmployeesFull-Time: 7

Year Established

2005

Reason Selling

Consolidating in the Bronx.

Facilities & Assets

Owners Role: Absentee owned and operated - full-time manager in place. Square Feet: 1,250. Seating: 0 Inside & 6 Outside. Days/Hrs of Operation: Mo-Th 11:30a-11:30p, Fr 11:30a-12m, Sa-Su 11a-12m. Year Established: 2005 (Current Owner 2018). Lease Information: Leased space $10,810/mth gross. Current lease expires Mar 2035 with one 5-year option.

Support & Training

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

Market & Competition

After 30 yrs, this iconic brand continues to thrive & grow. Has built a dominant position in the frozen dessert category w/a highly differentiated product & customer experience. Has the highest av unit sales vol of any ice cream concept. Plus, it's easy-to-run using only state-of-the-art equip. 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 & strong brand loyalty. A truly remarkable national brand w/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 best-known premium ice cream concepts An established national dessert franchise w/7-figure historical annual sales, absentee-managed operations, a planned seller-funded refresh & a long-term lease in a substantial Queens County market.

Growth Opportunities

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: 1) Expand sales - market birthday cakes, holiday desserts & celebration packages to neighborhood families, schools & businesses 2) Increase catering/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

Financing Options

Seller financing is available.Possibly, to a well-qualified buyer with a substantial down.

Business listed by

Eatz & Associates

Related Categories

ice cream shop for Sale

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•Business for Sale in New York