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This popular icecream franchise has a passion and commitment to creating handmade premium artisan gelato. It is made fresh in store, using a variety of secret traditional Calabrian family recipes and the finest quality ingredients.
Opening in October 2007, this branch has brought the streets of Adelaide quality gelato for over a decade. They retail a range of gelato/frozen yoghurt by cone, cup, or tub along with other items such as gelato cakes, thick shakes, coffee, donuts and other desserts. Trading 7 days per week, with extended trading hours during the summer months.
Located in a popular shopping and restaurant strip in the Adelaide CBD the shop has a modern and warm design which includes seating for a total 16 downstairs & 22 outside. Included in the lease is a large upstairs area with a separate toilet which as of 1st May 2023 has been sub-leased for $32,000 per annum.
The business is currently showing a 38% increase in sales on the same time last year, and recently received a sales award from the franchise head office for achieving their highest ever sales in the 2022 Christmas/New Year period.
The vendors bought the business in late 2018 and have run it with their family since. With the support of a well known franchise, an established shop front in the heart of Adelaide and a reputation as good as gold, this business is ideal for a working owner.
Melanie Winter 0408 085 932 | Eunice Tan 0435 383 398
Melanie Winter 0408 085 932
Goodwill including Plant & Equipment | $160,000 |
---|---|
Stock at valuation (approx) | $7,000 |
$167,000 |
Year | Sales | Return to Owner | Return on Owner's Investment |
---|---|---|---|
2022/2023 | (annualised) $761,645 | $219,115 | 131.21% |
2021/2022 | $490,583 | $86,973 | 52.08% |
2020/2021 | $549,700 | $103,144 | 61.76% |
2019/2020 | $541,380 | $115,749 | 69.31% |