Gelato - Ice Cream - Takeaway - Gelato - Coffee - Takeaway - Established 10 years - Nets $247k p.a..-Inner West - G1794
Gelato - Ice Cream - Takeaway - Gelato - Coffee - Takeaway - Established 10 years - Nets $247k p.a..-Inner West - G1794
Industry :
Food/HospitalitySub Industry :
Takeaway FoodGelato - Ice Cream - Takeaway - Inner West - Agent SBX Code Number: G1794
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 owners 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.
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.
Features
Very traditional gelateria. - Well established business. - Great location. - Foody Destination. - Excellent financials. - Long Lease & low rent. - Close to transport & many restaurants & bars.
Premises
This shop has an area of 120 sq mts.
Location
Well located in Inner West. - foodie destination with many local restaurants and close to transport.
Trading Hours
5 days - Wednesday & Thursday 2 pm to 10 pm. Friday 1 pm to 10 pm. Saturday & Sunday 12 pm to 10 pm.
Lease
5 year lease + 5 year option. Expires April 2030. - Annual Increases of 3% p.a. - 3 months rental bond.
Employees
1 owner + 8 casuals
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)
Figures
Weekly Sales $9695
Rent (ex GST) $906
Wages $1599
Profit $4763
Agent SBX Code Number: G1794 - SBX Business Brokers
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SBX sells all manner of businesses from small owner-operator businesses to franchises and multi-million dollar businesses.
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$395,000 + SAV
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