Under Contract

High-Volume Well-Established Cold Stone Creamery Corvallis, OR – Near Oregon State University!

A 420-Acre Campus With Nearly 25,000 Students

Corvallis, OR

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Food Type: Ice Cream/Frozen Yogurt/Gelato, Smoothies

Service Type: Fast Food

Business Type: Franchise

Sale Type: Business For Sale

Asking Price: $149,000

Gross Sales: $421,554

Net Operating Income: $90,622

Monthly Rent: $3,897

Lease Expiration: 11/2023

Lease Options: One 5-Year Option

Year Established: 2004

Owner Operated: No

Seller Financing: Yes

Summary:

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, dairy-free sorbet. Plus, a new plant based almond milk product. 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 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.

Cold Stone is the 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.

Well established location for over 19 years! 2021 gross sales $438,618 and 2022 $404,490 due to the street out front under construction for 2.5 months during 2022 which affected the business as well as its Subway and Starbucks neighbors. The store is currently due for a refresh itself within the next year at an estimated cost of $28,500.

Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, contact EatZ for more information. Showings by appointment only outside of business hours.

Business Website: https://www.coldstonecreamery.com

Competition:

Ice cream is America's favorite dessert. And Cold Stone is the ultimate ice cream experience, beloved by millions of customers. Enjoys incredible household name recognition & loyalty. A truly remarkable brand w/proven staying power!

Ranked #1 in Category. Ranked in the Top 50 Beloved Brands, “Consumer Pick” & “1st Place for Craveability”-Nation's Restaurant News. Ranked in the Top 200 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:

1st store opened in 1988, began franchising in 1994. After 30 yrs, this iconic brand continues to thrive & grow. Currently operating more than 1,000 locations in the US & hundreds internationally.

And Cold Stone continues to expand co-branded partnerships & create new flavors to increase sales. Is also committed to innovation, offering special themed products to celebrate each season, holiday & big blockbuster movie. Also has the highest avg unit sales volume of any ice cream concept. Plus, it's easy-to-run using only state-of-the-art equipment.

Location:

Prime retail space in a freestanding building along with Subway just off Pacific Hwy W. On NW 9th St between Starbucks, Burgerville and McDonald’s. Across from Mum Mum, Arby’s, Max’s Food & More, Togo’s Great Sandwiches, China Blue, Taco Bell and Coffee Culture Annex. Also close to several other restaurants, major retailers, hotels and car dealerships.

Near Oregon State University's 420-acre campus with nearly 25,000 students!

Corvallis is nestled in the heart of Oregon's Willamette Valley, just 90 minutes from Portland's Metropolitan area, world class skiing and the spectacular Oregon coast. It's an award-winning city that has been recognized as one of the best college towns and one of the top ten places to live!

County: Benton

Facilities:

Lease Information: Leased space $3,897/mth gross plus utilities. Current lease expires Nov 2023 with one 5-year option.

Square Feet: 2,000.

Seating: 18.

Days/Hrs of Operation: Daily 12n-9p (Summer Hours 12n-10p).

Real Estate: Leased.

Value of FF&E: Included in Asking Price (Valued at $87,125).

Value of Inventory: Not Included in Asking Price.

Number of Employees: 10 Part-Time

Support/Training: 80 hours at an approved training store, plus 5 days online corporate training.

Seller Financing Available: Possibly, to a well-qualified buyer with terms to be determined by both parties.

Reason for Selling: Retiring.

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