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For Sale

Artisan Gelato & Sorbetto (Excellent Bayside Location)

Black Rock, Victoria

Summary


  • For Sale
    Status
  • Black Rock
    Location
  • Victoria
    State
  • $350,000 + SAV
    Price
  • Food/Beverage Manufacturers Takeaway Food

Features


Description


Artisan gelateria in the beautiful seaside village of Black Rock, 200m from the beach. All gelato is made fresh on site with premium ingredients in state-of-the-art equipment. Work for 9 months of the year, take 3 months off over winter - try finding another business that ticks that box...!

SNAPSHOT
- Asking Price: $350,000 plus SAV (approx $6,000)
- 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.

Contact Cameron Ryan of bbroker on 0411 145 114 for a confidential discussion about this business or register your interest by clicking on the 'Contact Agent' link on this advertisement and completing your details. Please quote reference BR1393.

A full Information Memorandum will be provided only after the completion of a Confidentiality Agreement.