Black Rock
Artisan Gelato & Sorbetto (Excellent Bayside Location)
SNAPSHOT
– Asking Price: $295,000 plus SAV (approx $5,000)
– Hugely consistent annual sales in excess of $300,000
– Business is 10 years old and has an excellent reputation and following in the local community
– Excellent income ($150k+) for hands on owner operator working just 9 months of the year (closed during winter)
– Comprehensive breakdown of monthly sales available, together with all other business information
– Extensive list of Plant & Equipment included in sale (over $200,000 at cost). Some equipment near new, all equipment in good working order
LEASE
– Current term commenced in January 2021 for a period of one (1) year with the option of three (3) further terms of three (3) years each
– Annual rental $37,577 including GST ($3,131 per month)
– Fixed annual increases of 3%
– Security deposit equivalent to three (3) months rental
STRENGTHS/ BENEFITS
– Fully equipped gelateria with state-of-the-art equipment throughout
– All product is made fresh on the premise in small batches, using premium ingredients in true Italian artisinal style
– Very well known business with regular customers from all bayside suburbs
– Terrific opportunity for someone seeking a lifestyle or sea change in a beautiful bayside suburb
– Superb profit margins achieved from a very simple operation (85% GPM)
– Full training and handover available from outgoing owner
– Under current owners, the business has embraced a more contemporary approach to the customer experience. Social media, online ordering, exciting new flavours and a ‘wow’ factor of newly designed gelato cakes has engaged customers more deeply
– Through the worst economic crisis since the second world war, this business remained viable, profitable and delivered joy to the community.
REASON FOR SALE
– Owners wish to retire and move north for a warmer climate.
For more information please contact Cameron Ryan from bbroker:
Phone: 0411 145 114
Email: cameron@bbroker.com.au
