602 Balcombe Road, Black Rock

Artisan Gelato & Sorbetto (Excellent Bayside Location)

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.

overview

  • 1P0041
  • UNDER OFFER!!
  • Food/Hospitality
  • For Sale
  • 602 Balcombe Road Black Rock VIC