Premier Gelateria in High Traffic Location

Oakleigh, Australia
Asking Price: On Request
Business For Sale Details
Listed on Nov 25, 2024

THE ICE CREAM SEASON IS UPON US……. I SCREAM, YOU SCREAM, WE ALL SCREAM FOR ICE CREAM! Business SEEKS NEW OWNERS WHO ARE HUNGRY FOR SUCCESS!

Broker is thrilled to present a fantastic opportunity to acquire a well-established Ice Creamery/ Gelato Store, located in the Iconic high-traffic epicentre of this Mecca Shopping & Dining Precinct – Eaton Mall.

The business has been under the careful and meticulous ownership of our client for a number of years, building an enviable reputation both locally and beyond. It is a true testament to the dedication and hard work of the current owners, resulting in the high-calibre operation on offer. Business is now being offered for sale due to the owner’s other business interests, and they are eager to see the business pass to a new owner with the same passion and enthusiasm to take it to the next level.

The food and service industry, particularly the takeaway and delivery sectors, have seen explosive growth in recent years. The demand for fast food and convenient takeaway options is at an all-time high, making this business a perfect opportunity for someone seeking to capitalise on these thriving trends.

SUPER HIGH TRAFFIC LOCATION -
JOIN: VANILLA CAKES & LOUNGE, NIKOS CAKES, MELISSA CAKES & LOUNGE, MEAT ME SOUVLAKI, JUST ITALY, MYTHOS, KATIALO, HUNKY DORY, and many more.

THE SCOOP OF THE YEAR
• High-Quality Menu: Featuring authentic, artisan gelato, sorbets, cakes, and more – all made with the finest ingredients.
• Immaculate Presentation: The shop has zero deferred maintenance and is meticulously maintained.
• Outdoor Seating: Ideal for the Spring/Summer seasons, with outdoor seating to attract customers.
• Streamlined Operations: Everything is made-to-go, making it quick and convenient for customers.
• Modern Equipment: Fully equipped with state-of-the-art display freezers, upright fridge displays, POS system, and more.
• Strong Social Media and Branding: Excellent local following and a strong presence on social platforms.

HIGHLIGHTS & UPSIDE
• High Visibility: Situated in a busy Retail/ Residential & Commercial precinct, with excellent foot traffic and visibility.
• Turnkey Business: Ready for an easy handover with all equipment & systems in place.
• Profitable: Averaging $4,000+/week turnover with a healthy 60% gross profit margin.
• Secure Lease: Low rent at just $4,300/month (inclusive of all outgoings, electricity, water, insurance, etc.). No more to pay!
• Growth Potential: Huge opportunity to increase turnover by extending trading hours, expanding the menu, or offering additional services like takeaway coffee or catering.

KEY FEATURES:
• Prime Location: High traffic area with exposure to thousands of potential customers in a vibrant food and shopping hub.
• Turnkey Operation: Fully equipped with modern fixtures and fittings.
• Customer-Friendly Setup: Open-plan retail servery with a waiting area & seating for 14 people.
• Growth Opportunities: Expand the menu to include items like Portuguese tarts, bubble tea, or even a yogurt parlour or dessert bar.
• Loyal Customer Base: This business enjoys repeat customers and a strong local following.

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Financials (USD)

Asking Price Not Disclosed

Cash Flow Not Disclosed

Sales Not Disclosed

Converted From AUD

Exchange Rate $0.67

Deal Terms

Represented by broker? Yes

Buyer Fee? Available On Request

Seller Financing? Available On Request

Willing to co-broke? Available On Request

Principals only? Available On Request

Franchise? Available On Request

Management will stay? Available On Request

Relocatable? Available On Request

Real Estate? Available On Request

Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum. Read DealStream's Terms Of Use before responding to any listing. Learn how to stay safe in our marketplace.

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