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Package Deal - Two Cold Stone Creamerys Duluth, MN - Stone Ridge Shopping Center & Canal Park!

Duluth, Minnesota
Package Deal - Two Cold Stone Creamerys Duluth, MN - Stone Ridge Shopping Center & Canal Park!
Asking Price:$300,000
Gross Income: $664,687
Cash Flow: $155,519
Monthly Rent: $4,768 & $4,835
Value Of FF&E: Included In Asking Price
Real Estate: N/A
Year Established: 2004 & 2006
Status: New Listing

Contact Details

Contact Name: Tami Hillier

Contact Email: sales@eatz-associates.com

Contact Phone: 503-319-4626

Contact Fax: 877-481-6028

Contact Broker

Business Description

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 proprietary sweet & creamy yogurt comes in low-fat/calorie flavors and includes probiotics. Every creation 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, old fashion sundaes, coffee frappes and pre-packed quarts. Every option for everyone.

Plus, the richest cakes, cupcakes, cookie sandwiches and pies for takeout or conveniently ordered online or by smart phone 24 hrs/day. Cold Stone has the perfect cake for any occasion: signature, eight-layer ice cream, custom or photo cakes.

Both absentee owned.

Feel free to stop by the location as a customer first. This is a highly confidentially listing, please do not discuss with employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

 

 

Detailed Information

County: St Louis

Location: Stone Ridge Shopping Center - Located in busy shopping center along with Cub Foods, Caribou Coffee, Chico's, Famous Footwear, Hobby Lobby, Michaels, Office Max, Payless, Petco, Pier 1, Shopko, Sprint, Taco Bell and more. Across popular Miller Hill Mall, the shopping destination of the Northland featuring 108 stores. Perfectly situated minutes from downtown and I35, near Hwy 53 and Miller Trunk Hwy. Attracts customers from the Duluth area, the Iron Range, WI, MI and Canada. Also, near the University of Minnesota - Duluth campus. Canal Park Tourist Area - Seasonal location in the spectacular tourist district along the waterfront of Lake Superior. Canal Park is perfectly situated across the Interstate 35 freeway from Downtown Duluth, it is connected by the famous Aerial Lift Bridge to the Park Point sandbar and neighborhood. Highlights of the park include the Lake Walk, Aquarium, Maritime Museum and much more. Plus, there's art galleries, jazz clubs, coffee houses and dozens of fabulous boutiques, shops, cafes, eateries, breweries and hotels. Canal Park is Duluth Minnesota's playground! Area - One on Minnesota's gems, a harbor city on Great Lake Superior only 3 hours away from the Twin Cities. The 4th-largest city in Minnesota with the largest metropolitan area on the Lake. A popular tourist destination for the Midwest!

Facilities: Leased spaces $4,768/mth & $4,835/mth includes rent and CAM. Current lease expires 2019 with one 5-year option & 2026 with two 5-year options. Square Feet: 2,240 & 1,630. Seating: 20 Inside & 0 Outside & 20 Inside & 6 Outside. Days/Hrs of Operation: Su-Th 12n-9p & Fr-Sa 12n-10p .

Competition: Nation's leading premium ice cream brand. Voted "Best Ice Cream" countless times. Offer quality, variety and 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 Rankings: # 166. QSR Magazine Global 30 List #16. Franchise Times Top 200 Franchise Systems List #150. Also 1st Place for Craveability in the Dessert Category in Nation's Restaurant News' Consumer Picks.

Growth and 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 1,000 locations in the U.S. and 30 international markets around the world. 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 over $25 billion+.

Support/Training: 80 hrs @ Store and 5 days @ Headquarters in Scottsdale, AZ.

Number of Employees: 4 Full & 10 Part-Time

Seller Financing: No

Reasons For Selling: Too far away.

Value Of FF&E: Included In Asking Price

 

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