Just Minutes From The Beach
Santa Monica , CA
Asking Price: $89,000
Gross Sales: $383,884
Net Operating Income: $79,848
Monthly Rent: $7,225
Lease Expiration: 04/2021
Options: Option to Renew
Year Established: 2009
Owner Operated: No
Seller Financing: No
Food Type: Ice Cream/Frozen Yogurt/Gelato, Smoothies
Service Type: Fast Food
Business Type: Franchise
Sale Type: Business For Sale

Description:

Offering the best tasting, made-to-order ice cream. Churned in-store fresh daily using only the finest ingredients and mixed on a frozen granite stone with endless combinations of fruits, nuts, candy, sauces and more. Also, smooth & creamy frozen yogurt loaded with probiotics in low-fat/calorie flavors and dairy-free sorbet. Every creation made-to-order available in cups, cones, waffle bowls and shakes, plus mix & go. Every option for everyone, all served in a fun and friendly atmosphere.

As well as sundaes, shakes and smoothies, along with pre-packed quarts and party packs. In addition to the richest ice cream cakes, cupcakes and cookie sandwiches for takeout or conveniently ordered online or by smart phone 24 hrs/day. Cold Stone has the perfect cake for any occasion: signature, birthday, kid-themed, petite, custom and photo cakes, plus signature pies.

Well established over 11 years. 2019 sales up over 12%!

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

County: Los Angeles
Location:

Prime retail space in a busy strip center next to a popular deli on Wilshire Blvd just minutes from the beach. Surrounded by a vast commercial and residential area.

Wilshire Blvd is one of the principal east-west roads in LA running 15 miles from Grand Ave in Downtown Los Angeles to Ocean Ave in the City of Santa Monica. It is densely developed connecting 5 of Los Angeles's major business districts to each other, as well as Beverly Hills.

Santa Monica is home to many Hollywood celebrities and executives. It’s a great mixture of affluent single-family neighborhoods, renters, surfers, professionals and students.

Real Estate: Leased
Facilities:

Leased space $7,225/mth. Current lease expires in 2021 with the option to renew. Seating: 20 Inside & 6 Outside. Square Feet: 1,300. Days/Hrs of Operation: Mo-Th 11a-10p, Fr-Sa 11a-11p, Su 11a-10p.

Number of Employees: 1 Full-Time & 3 Part-Time
Support/Training: 80 hours @ an approved training store and 5 days @ corporate headquarters in Scottsdale, AZ.
Value of FF&E: Included In Asking Price
Value of Inventory: $5,000 - $6,000 (Not Included In Asking Price)
Competition:

Nation's leading premium ice cream brand. Voted "Best Ice Cream" countless times. Quality, variety and choice - what customers want! With seemingly endless combinations of mix-ins, allows customers to dream up their own ice cream treat or choose from their wildly popular Signature Creations. Never prepackaged or shipped in, it's the freshness factor that sets them apart. 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." An artisanal ice cream churned fresh on-site with high standards for taste, consistency and texture.

Ranked #1 in Category. Ranked in the Top 50 - Nation's Restaurant News "Beloved Brands". Consumer Pick - Nations Restaurant News. 1st Place for Craveability in the Dessert Category - Nation's Restaurant News. Ranked in the Top 200 of the Countries Best Franchises - Franchise Times. Ranked in the Top 100 Global Franchises In The World - Franchise Direct. Ranked in the Top 50 - Entrepreneur Franchise 500.

Growth and Expansion:

First store opened in 1988, began franchising in 1994. After 30 years in business, this iconic brand continues to thrive and grow. Currently operating more than 1,000 locations in the United States and hundreds in nearly 30 international markets.

Ice cream is America's favorite dessert. Our love affair with ice cream appears everywhere in popular culture - in books, songs, television and movies. Ice cream is also unique because our love and craving for it, stays with us throughout our entire lives.

And Cold Stone Creamery is the ultimate ice cream experience, beloved by millions of customers in the U.S. and around the world. Has captivated the sweet tooth of consumers everywhere. Enjoys household name recognition and boasts remarkable customer loyalty. Is a truly remarkable brand that has proven staying power.

Cold Stone is also committed to innovation, offering special themed products to celebrate each season, each holiday and big Hollywood blockbuster movies. And Cold Stone continues to expand co-branded partnerships and create new flavors to increase sales. It also has the highest average unit sales volume of any ice cream concept. Was the first to provide online/smart phone ordering, builds frequency of cake orders because it's so easy. Plus, it's an easy-to-run and easy-to-scale business that uses only state-of the art equipment.

There has never been a better time to invest in the franchise. Owning a Cold Stone doesn't require any previous experience in the restaurant or service industry, they provide everything an entrepreneur needs to succeed. Not only is it a sound investment with tremendous training, great marketing support and an exceptional product, but it's also a fun business to own. Cold Stone Creamery is a stand-out brand in the rapidly growing $8 billion-dollar booming ice cream industry. And consumer demand for premium handmade ice cream containing high quality ingredients is on the rise!

Seller Financing Available: No
Reason For Selling: Moving out of state.