Price
$390,000 + Stock
Profit *
Refer to Broker
Sales Revenue
$832,000
Location
Northern Victoria, Shepparton
Category
Food/Hospitality, Retailer
Listing #
ME02454
Currently on offer is a popular gelato shop in a northern city of Victoria. It is part of a well-known chain of gelato shops throughout the state.
*$15,500 average weekly takings
*80 total seats
*$500,000 worth of plant and equipment
*5+5+5-year lease
*7-day operations
Simon Sheridan and the team at LINK Melbourne are proud to bring this spectacular gelato shop to the market. It brings a unique twist to the gelato scene by offering fresh, flavoursome and innovative scoops to customers. Popular flavours include vanilla bean, chocolate and strawberry, while special flavours add variety to customer choices.
The business is ideally located in a high-traffic location, surrounded by many key establishments that include a cinema, department store and a Coles supermarket among others. It occupies 150 sqm premises with $500,000 worth of plant and equipment, including three ice cream display counter fridges, a two-door cake display cabinet, P.O.S. System, two milkshake dispensers and walk-in freezers that can fit 750 tubs of ice cream.
A long-term lease of 3 x 5 years enables purchasers to secure the incredible location and premises of the business over the long-term. Operating within the same premises that customers have already associated with the business enables it to benefit from the security of tenure and good continuity of operations.
Operating the business are 22 casuals with no involvement from the owner-operator. With the business being operated fully under management, purchasers have an opportunity to benefit from a good work-life balance if maintaining a similar set up.
To learn more about this exciting opportunity, contact me today. I would be glad to provide more details to qualified purchasers.
Listing ID: ME02454
Vendor: Simon Sheridan
Phone: 0400 858 900
Email: [email protected]
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
Ready to unlock the true value of your business? Contact a LINK Corporate Broker today to schedule a confidential consultation.
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