Description

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)

SBX ID

G1794