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About this Business for sale in Illawarra

Just an hour and half drive to south of Sydney. Bringing you the best artisan gelato this side of Italy.

Superior quality Gelatos and Serving Above Ground coffee!

This is a rare and golden opportunity to buy a Gelato shop in prime location of busy tourist spot of south coast of NSW.

 On seaside along with the strip of shops. big shop with 20 to 30 seating facility in and out.

Opening hours

  • 12Noon to 8PM During winter.
  • 10AM to 10PM Summer.
  • Currently under management, but good for owner operator.

Features

  • Variety of Gelatos
  • Different and unique flavours
  • Expensive fit outs worth over $100,000
  • Freshly grounded Coffee
  • Brand New Coffee machine
  • Store rooms
  • Architecturally designed shop, spent huge money on interiors of the shop
  • Friendly land lord current lease till Aug 22 + 3 years options
  • Tourist spot and along with other cafes and store on a busy road with ample car parking
  • Local employees enjoy working in this shop and would like stay back
  • Low rent for a seaside gelato bar

Expenses

  • Rent: $7,030+GST/month
  • Other expenses depending on the owner

Revenue

  • Weekly revenue over $5,000 to $12,000/week depending on the season
  • Net average monthly revenue average $34,640
  • Net average income = $6200/month before tax. (Under management)
  • Owner Operator can take home$ 11,000/month Before tax
  • Full training will be provided
  • Extremely good opportunity for owner operater asking price is only $139,000
  • Average Weekly net profit to owner $1400 plus before tax (under Management)

Cost to Acquire the business

  • $139,000.00 Business (WIWO)
  • $21,090.00 Rental Bond (3 months)
  • $7030+GST as 1 month rent in advance
  • Any Transfer fees

Potential (Add)

  • Churros, Donuts waffles, this will do well with coffee in winter
  • Gelato deserts
  • Fresh salads
  • Increase the hours in winters
  • Start breakfast too

Listing Number: NSW09924

Please Contact:

Broker: Gilraj Venkatappa
Phone: 0401744199
Email: gilraj.venkatappa@linkbusiness.com.au

To complete an online confidentiality agreement, visit this business at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW09924

THE PROSPECTIVE BUYER IS REQUIRED TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS PRESENTED AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE WITHIN THIS ADVERTISEMENT, BY THE VENDOR OR BY ANYONE ON THE VENDOR'S BEHALF.

Keywords: Gelato, Coffee, Ice Cream, Cafe, Seaside, Illawara Region

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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.

Listing: #NSW09924
Price: $139,000
Profit*: Refer to broker
Sales Revenue: Refer to broker
Wollongong & Illawarra, Illawarra
Food/Hospitality, Cafe/Coffee Shop
*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.

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