Business Code:
The owner has grown the business year on year and now requires new owners to take it to another level.
Sale Reason
2014
Established
Street parking
Parking
1 owner + 8 casuals
Employees
5 days - Wednesday & Thursday: 2 pm to 10 pm. Friday: 1 pm to 10 pm. Saturday & Sunday: 12 pm to 10 pm.
Trading Hours
5 year lease + 5 year option. Expires April 2030. - Annual Increases of 3% p.a. - 3 months rental bond.
Lease
Takeaway serving gelato and ice cream. This old-school gelateria has been a local favourite for the last 10 years. There are around 18 flavours, roughly 10 classics and eight rotating styles that depend on both the season and the owner’s fancy. He has made an espresso sorbet for his mum, who misses the icy granitas of southern Italy. Also offering coffee & a selection of cold drinks. Seating for 20 inside & 10 outside.
Features
Very traditional gelateria. - Well established business. - Great location. - Foody Destination. - Excellent financials. - Long Lease & low rent. - Close to transport & many restaurants & bars.
Potential
Could open 7 days per week. - The current owner closes for 3 weeks per year. - A new owner can trade for 52 weeks per year. - Potential for someone with a passion for artisan/traditional style gelato. - Could be more proactive with social media and marketing. - Could expand product range.
Comments
Please note that the average weekly figures are based on the 2023 FY Accountants Financials after owners wage & Depreciation has been added back to profits. (This was based on a 52 week year but the owner was only open for 49 weeks)
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