Central Coast
NSW
$195,000
Gelato - Ice Cream - Takeaway - WholesalePrice: $350,000Net Profit: $3,277 |
Visit this listing at https://www.sbx.com.au/business?id=G1800 |
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Business Code: G1800 Key Features: Classical Italian Gelateria retail & wholesale business - Sydney City Fringe State: NSW Suburb: Redfern, 2016 Location: Well located in a developing area close to Redfern with a production kitchen in the City Fringe to produce for both wholesale and retail. DescriptionTakeaway - cafe which is a classical Italian Gelateria utilising simple ingredients and traditional methods for one retail outlet as well as a wholesale business servicing some of the best restaurants in Sydney. They make all the gelato & sorbetto in-house, starting with Australian raw ingredients, fresh fruit, whole nuts and the best milk and cream that can be sourced. Also offering coffee, tea, a selection of cold soft drinks & milkshakes, The premises is also licensed to serve alcohol offering a range of cocktails and amaro. Seating for 14 inside & 4 outside. Summary
Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale. 
Weekly SummaryWeekly Takings (inc GST)$14,775Cost of Goods$2,946Gross Profit$11,829Rent$1,292Wages$5,992Misc1$1,268Total Expenses$8,552Estimated Stock (Additional)$10,000Net Profit$3,277Price$350,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Gelato - Ice Cream - Takeaway - Wholesale
Business Code: G1800Price: $350,000
+ Estimated Stock (SAV) $10,000
Key Features: Classical Italian Gelateria retail & wholesale business - Sydney City Fringe
State: NSW
Suburb: Redfern, 2016
Location: Well located in a developing area close to Redfern with a production kitchen in the City Fringe to produce for both wholesale and retail.
Description
Takeaway - cafe which is a classical Italian Gelateria utilising simple ingredients and traditional methods for one retail outlet as well as a wholesale business servicing some of the best restaurants in Sydney. They make all the gelato & sorbetto in-house, starting with Australian raw ingredients, fresh fruit, whole nuts and the best milk and cream that can be sourced. Also offering coffee, tea, a selection of cold soft drinks & milkshakes, The premises is also licensed to serve alcohol offering a range of cocktails and amaro. Seating for 14 inside & 4 outside.
Summary
- Features: This is a well established business with a strong local following. - Great location. - Foody destination. - Excellent financials. - Fully integrated ordering & payroll systems to Xero accounting platform. - Long lease & low rent. - Close to transport & many restaurants & bars.
- Potential: There is a huge potential to grow the wholesale business as it currently has grown organically without a sales person . There is also the potential to roll out more retail stores or even franchise the retail. - Large new wholesale client due to open up in late March 2025.
- Premises: This business retail space has an area of 80 sq mts that has recently been redecorated plus a production kitchen. Both premises are licensed for the on-site processing of dairy in accordance with the NSW Food Authority, with fully documented Food Safety and Batch Control programs.
- Trading Hours: Retail hours: Tuesday to Saturday: 1 pm to 10 pm & Sunday: 1 pm to 8 pm.
- Lease: Retail: 3 year + 3 year lease commenced 15 February 2024. 4% inc at end of each 3 yr. - 2 mths bond-. Production Kitchen: 5 yr + 5 yr lease commenced 31 July 2021 - 2.5% annual increases. - 3 mths bond.
- Employees: 2 owners + 6 casuals
- Sale Reason: After 10 years the owners are keen to pursue other interests.
- Comments: Please note that the business was operating as 2 stores & 2 companies, however as at the end of June 2024 the City Fringe store was converted to purely a manufacturing facility to service the retail store and the future growth of the wholesale business. The figures being shown are based on the 2024 FY Tax Returns for the 2 companies.
Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale.
Weekly Summary
Figures include GST unless stated otherwise
Weekly Takings
$14,775
Cost of Goods
$2,946
Gross Profit
$11,829
Rent (ex GST)
$1,292
Wages
$5,992
Misc1
$1,268
Total Expenses
$8,552
Estimated Stock (Additional)
$10,000
Net Profit
$3,277
Price
$350,000
+ Estimated Stock (SAV) $10,000
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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.