08 8361 3074

Popular Icecream Franchise

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Business Description

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

At a Glance

  • Located in the heart of Adelaide
  • Established in 2007
  • Trading 7 days per week
  • Seating 38 patrons
  • 24 staff employed

Melanie Winter 0408 085 932


Extended Price Information

Goodwill including Plant & Equipment $160,000
Stock at valuation (approx) $7,000
$167,000

Financial Summary

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%

Staff Summary

24 staff are employed by the business on a casual basis.