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Hugely Popular Gelateria

Under Contract / Offer

  • ID Ref BR1344
  • Suburb Black Rock
  • State VIC
  • Status Under Offer

Business Description

UNDER OFFER Artisan gelateria in the beautiful beachside suburb of Black Rock. 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 to enjoy yourself!!!

SNAPSHOT
- Asking Price: $370,000 plus SAV (approx $10,000)
- Hugely consistent annual sales in excess of $380,000
- Business is 8 years old and still run by the original founder/ owner
- Excellent income 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 2016 for a period of five (5) years with the option of two (2) further terms of five (5) years each
- Annual rental $39,355 plus GST ($3,280 plus GST 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 and stored on site
- 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
- Full training and handover available from outgoing owner

REASON FOR SALE
- Owner wishes to pursue a new venture in an unrelated capacity

Contact Cameron Ryan of Boyd Ryan Business Sales & Consultants 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 BR1344.

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

This is another Boyd Ryan Business Sales & Consultants Exclusive Listing...

Business Features / Snapshot

Your Business Broker

Boyd Ryan

Business Location

Black Rock, Victoria 3193