Plus, Carlyle Crossing With Wegmans Food Market, 210,000 SqFt Of Additional Retail/Restaurants & 750 Luxury Residences Is Set To Open In 2022
Alexandria, VA
Asking Price: $299,000
Gross Sales: $492,772
Net Operating Income: $105,435
Monthly Rent: $8,408
Lease Expiration: 08/2024
Options: One 5-Year Option
Year Established: 2003
Owner Operated: No
Seller Financing: Yes
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 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.

Also, as a brand Cold Stone is seeing great rebounding sales and with the inherent nature of pick-up, takeout and delivery, these types of concepts will surely be the winners for some time to come.

Well established location for 19 years. Absentee owned - turnkey! 2022 sales up over 25% YTD through April!!

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 employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

County: Alexandria City
Location:

Prime retail space in Hoffman Town Center, a vibrant mixed-use urban center in historic Alexandria adjacent to the Eisenhower Ave Metro Station and close to the National Science Foundation. This amazing center is comprised of more than 7 million sqft spread over 56 acres, features 3.5 million sqft of Class A office space in 10 buildings, 1.5 million sqft of residential space in several residential towers, 2 full-service hotels, a public park, 200,000+ sqft of retail stores and restaurants, plus a 22-screen AMC Theater.

Other popular eating & drinking establishments include Bad Ass Coffee of Hawaii, Brabo Tasting Room, Café Old Town, Delia’s Mediterranean Grill, Foster’s Grille, Galae Thai, Hunan Café, Joe Theismann’s Restaurant, Rus Uz, Pasara Thai, San Antonio Bar & Grill, Starbucks, Subway, Sumo Hibachi & Sushi, Sweet Fire Donna’s, Ted’s Montana Grill, Tequila & Taco, Trademark Drink & Eat, Zikrayet Lebanese Restaurant & Lounge, Whiskey & Oyster and &Pizza-Carlyle.

A hub of activity. It’s one of Alexandria's largest retail and entertainment centers. Popular with office workers, shoppers, visitors and residences alike. Enjoys both excellent vehicle and foot traffic. Features abundant parking. Serves as the focal point of activity for both the Eisenhower Valley and the surrounding area!

Hoffman Town Center is strategically located off the Telegraph Rd and Eisenhower Ave interchanges of Interstate I-495/Capital Beltway. Boasts unparalleled access to and from major government and business centers throughout the greater Washington Metropolitan area!

Sellers Note: Another new 16-floor 520 apartment building has recently opened. Plus, Carlyle Crossing with a Wegmans Food Market, 210,000 sqft of additional retail & restaurants, as well as 3 towers of 750 luxury residences is also set to open in 2022!

Real Estate: Leased
Facilities:

Leased space $8,408/mth gross. Current lease expires Aug 2024 with one 5-year option. Square Feet: 1,360. Seating: 6 Inside & 2 Outside. Days/Hrs of Operation: Su-Th 12:30p-9p & Fr-Sa 12:30p-10p.

Number of Employees: 13 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 (Valued at $60,000)
Value of Inventory: $1,000 - $7,000 (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, this iconic brand continues to thrive and grow. Currently operating more than 900 locations in the US and hundreds in nearly 30 international markets. After 32 years in business, this iconic brand continue to thrive and grow.

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. 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.

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 1st 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: Possibly, have an unused EIDL loan for $150,000 at 3.75% which is transferable with SBA approval.
Reason For Selling: Other interests.