High-Volume Well-Established Cold Stone Creamery Mankato, MN - University Square Apartments & Mall!
Directly Across The Street From Minnesota State University
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 20 years. Currently absentee owned and operated with a full-time manager in place. 2023 sales up year over year and 2024 sales on par with 2023!
Asking price also includes a cool cart, 5x8 catering trailer and 7x12 concession trailer with freezer that was recently updated and re-wrapped with new graphics.
Location: Prime retail space in the University Square Apartments & Mall, a highly visible mixed-use multi-story development with ground level retail, restaurants and a 6-screen AMC movie theater, plus 72 apartments above.
Other popular tenants include Berry Blendz, Chipotle, Jimmy Johns, Johnny B’s, Krusty’s Donuts, Noodles & Co, Weggy's, Mochi Dough, Nautical Bowls, Wakai’s Asian Fusion, Weggy’s, Wells Fargo and more.
Perfectly situated directly across the street from Minnesota State University! Attracts students and locals before & after campus art performances, as well as athletic events at the Blakeslee Stadium (MSU football) and Taylor Center (MSU basketball, youth basketball, youth volleyball, indoor track, etc). Over 12,000 students enrolled at the university. In addition to student housing above, there is also a lot of student housing within walking distance of the store!
Year Established: 2004.
Lease Information: Leased space $3,500/mth gross. Current lease expires Feb 2026 with one 5-year option.
Square Feet: 1,452.
Seating: 20 Inside & 30+ Outside.
Days/Hrs of Operation: Daily 11a-10p.
Owners Role: Absentee owned and operated - full-time manager in place.
# Of Employees: 1 Full-Time & 10-15 Part-Time (Strong Employment Base Being Next To College Campus).
Training: 80 hours at an approved training store, plus 5 days online corporate training.
Proj Gross Sales (2023): $587,427.
Net Operating Income: $107,074 (Owner Operated).
Value of FF&E: Included In Asking Price (Valued at $50,000 - $75,000).
Value of Inventory: $10,000 (Not Included In Asking Price).
Seller Financing Available: No.
Reasons for Selling: Other interests.
Competition/Market: 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 & 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.
Feel free to stop by the location as a customer 1st. 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.
Listed by Tami Hillier at EatZ & Associates and Scott L Miller at KW Commercial Premier
