Cold Stone Creamery Stone Cold Broke

Memphis Daily News:

The Cold Stone Creamery store in Collierville grossed almost $260,000 in sales in 2006 and a little more than $270,000 in 2007, according to the Chapter 7 filing. Gross sales for the Ridgeway store were about $251,000 in 2006 and 2007.

Corporate information from Cold Stone Creamery puts the average unit volume a little higher than those amounts, at more than $380,000 per year. The franchise fee is $42,000, and potential owners are told to plan on investing between $294,250 and $438,850 to develop, equip and stock their stores.

Guess said Cold Stone Creamery is evaluating its options for the Collierville store and hasn’t made a decision related to any new franchisee.