• P.O.A.
29 Errol Street, North Melbourne VIC, Australia
29 Errol Street, North Melbourne VIC, Australia
  • P.O.A.


The Ice Cream season is upon us……. I Scream, You Scream, We ALL Scream for Ice Cream!

Boston Brokers are delighted to bring the market these very well established concern which enjoy all the considerable commercial advantages of highly sort after trading position among other complimentary outlets on High Street and Mall locations in the Melbourne Metro areas.

Here is your opportunity to purchase 3 popular & profitable premium Gelato Shops with successful track record in fast growing Melbourne’s most popular suburbs. Cash Flowing Ice Cream & Cake Licensed Agreement shops with great growth potential. Located in prime upscale areas with busy foot traffic. Limited competition with growth opportunity to expand multi-units in the Melbourne Market. Some benefits of owning this business are small retail footprint, licensed agreement and proven recipes, training and support, full portfolio of branded materials, great territories for growth are available for multi-unit stores. This is a hot business model priced right! Get in before the Summer-time rush!

There always seems to be plenty of restaurants for sale….but few fall into this category. If you’ve dreamed of owning a successful European-style quality Gelateria but have no interest in the long hours spent behind the scenes in the kitchen, this is the ideal business opportunity for you! Start out making money straight away. No need to reinvent the wheel with this proven, tried, and tested Gelateria. This business offering represents an ideal opportunity for an ambitious purchaser looking to take on a hugely successful and profitable business which is backed up by a supportive and forward-thinking company.

The business for sale is part of a company licensed agreement, with NO franchise Fee, Franchise Royalties or Franchise training fees. Training includes store manuals, and systems orientation as part of the package. The buyer of this business would have the opportunity to develop locations in the other Melbourne Metro areas. This presents an excellent opportunity for a new owner to grow.

At Cielo Gelateria, indulge in the finest Italian dessert, they offer authentic artisan gelato made with the finest, natural ingredients. Their wide variety of flavours is sure to please all customers with options to suit everyone. Their artisan gelato and sorbets are made fresh daily following traditional methods to ensure the highest quality product and flavour. Cielo is the place to be for all your dessert needs.

The menu offers a variety of 24 flavours of Gelato and Sorbet. They also offer the most choices of gluten free and vegan gelato flavours than any other gelateria and the quality of flavours and products are better than any local gelaterias or ice cream shops. Therefore, they are able to accommodate vegan treats other than just gelato, specialty cakes, made to order hot waffles and crepes, and Gelato shakes, smoothies, Frappe and Coffee. They also make their traditional Italian semi-freddo cakes and desserts in house, which can be purchased from their displays.


  • The menu consists of high-quality Authentic Artisan handmade gelato, sorbets, waffles, crepes, cakes, coffee and more.
  • Shop has zero deferred maintenance and is meticulously kept!
  • Large prep room provides no lack of space for prep, storage, office and bulk inventory.
  • Great draw in the Spring/Summer for outdoor seating.
  • Gross Revenue range in of ~600K to $1.3M depending on which location
  • Fully equipped with modern design and fit-out
  • This is an excellent opportunity to take advantage of current consumer trends favouring convenient foods at affordable prices.
  • Huge catchment areas, 3 shops for sale, corner the market, opportunity to expand and open other locations in the area. First rights of expansion of this chain


  • This is a turnkey operation with management in place, making it a great acquisition opportunity for new or industry pros.
  • Immaculately presented trading premises.
  • High quality fixtures, fittings and equipment throughout.
  • You don’t have to have a chef!
  • Prime, highly visible, busy high foot traffic store locations
  • Increase cash flow as Owner/manager
  • Strong branding, strong local following, strong social media!
  • Everything is streamlined & made-to-go!
  • Exceptional customer service in a comforting atmosphere
  • No other competition in the immediate area!
  • Simple and easy menu = anyone can be hired and start immediately!
  • Everything systemized/automated
  • The business benefits from repeat customer trade.
  • As an investment, it pays handsome returns.  Operated by an owner, it can earn you more than $200,000 a year!
  • This location is absentee owner run and has a full-time manager.
  • A unique opportunity to benefit from a rapidly growing franchise

Errol Street – North Melbourne is approximately 90m² and is also in stunning condition, again with brand new fit-out. The rent is $5,500 per month with a long term lease in place. The single front premises entrance leads into the main seating area for 24 patrons and 16 outdoor with main display ice cream counter servery. All equipment, fixtures and fittings are included in the sale. Turnover: WE ARE INFORMED by the owner the turnover currently averages $11,000 p.w. with a gross profit of 35% approx., in our opinion offering tremendous potential for further development in the right hands.

Trading Hours: 7 days, 10:00am to 10.00pm
Staff: Senior Manager and Part-timers

To include the secure renewable lease, goodwill, fixtures & fittings plus stock at valuation.

Price: $200,000                 North Melbourne – Errol Street


The sellers will provide initial training and support to ensure a smooth transition.

This is an excellent opportunity with great potential and scope for growth in turnover and profit, making it a great acquisition opportunity for new or industry pros.

It has been reluctantly placed on the market to allow them time to concentrate on other business interests.

Early viewing is recommended.


Updated on May 31, 2023 at 12:18 am
  • Listing ID: 18707
  • Price: P.O.A.
  • Industry: Food & Drink
  • Type: Business


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  • City or suburb: North Melbourne
  • State: Victoria
  • Postcode: 3051

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