• $220,000
14A Gilbert Road, Preston VIC, Australia


Boston Business Brokers are pleased to bring to the market this exciting Niche Business opportunity complete with Retail – Online – Manufacturing – Wholesale Foodservice Business with dual income streams.


Escape the 9-5 and live the lifestyle you’ve always wanted!


Here is a turnkey opportunity to Acquire Two established retail shops in Melbourne with branding that would be well suited to a roll out across additional sites to create a strongly branded gelato chain.




Gelato Papa, a Melbourne based company, has reinvented ice cream with its innovative techniques / and modern technology. Gelato Papa has been under the ownership of our client for the last 6 years and has grown the business to become a popular Gelateria within the Melbourne area, with well-structured systems and processes that are in place, make this an ideal opportunity for a first-time operator or an investor. There is plenty of retail and wholesale trade already operating and everything is in place to grow this as much as you want to.



Site 1 this is a well-positioned shop in the sought-after Northern Suburbs, the business offers a wide range of unique products and has no immediate competition. Local neighbourhood gem, located in a boutique shopping precinct facing a large intersection. The electric blue Gilbert Road venue is serving all-natural gelato in a range of flavours both traditional and inventive, along with a line of decadent cakes made from scratch. Visibility of the store and its signage makes it recognised locally and has high number of passing trade as well as a constant stream of local residents.


Site 2 is located in a sought-after suburb for Hospitality owners with a wealthy demographic and vibrant cafe culture. It has an established clientele and good trading figures, supported by a good location and visible shopfront, outside dining options and high quality Fitout.



Ask anyone on the northside of Melbourne where the best gelato is and they will invariably tell you – Gelato Papa!  An institution to many who are just a bit selective when it comes to the quality of their gelato.


Solid leases are in place for both premises and the sale includes all Plant, equipment, furniture, and fittings. There is a well trained team in place and can be deployed across both sites on an as needed basis.

Gelato Papa – Marrying traditional techniques with modern flavours to create beautiful all-natural gelato bases from scratch every day.

This means every ingredient of every base – from chocolate, coconut and yoghurt to gorgonzola cheese, Nutella and black honeycomb – is carefully chosen, measured, mixed and churned with precision. You won’t find artificial packet pastes and tinned flavours here. Their calculations must be completely, utterly perfect to ensure the dreamiest of gelato experiences. Their traditional process also means they can experiment with new flavour combos and fun toppings without sacrificing the all-natural integrity of the gelato. All of their products are also Gluten Free as they have recently acquired accreditation from Coeliac Australia.

Key selling points –

– This business is an exciting new concept in the independent ice cream segment.

– Exceptionally designed stores

– Known for both their excellent customer service and the brand’s unique gelato, cakes and dessert experience.

– The Ice Cream Parlour has a great reputation for its quality Ice cream due to the fact that it is made fresh on the premises daily. Made onsite means the sales are an extremely high NET profit on sales!!

– Long solid secure leases in place

– Newly fitted out stores with quality inclusions

– Busy stores with high sales volumes and profits

– Rapidly growing wholesale business stream supplying well known restaurants, cafes and gelato outlets

– Fully documented processes and recipes

– New branded website

– Active social media with highly engaged followers

– All systems are automated

– Intellectual Property plus Fully branded packaging

– Ideal ‘Franchise’ model opportunity

– The business offers gourmet gelato, handmade desserts, gluten free cakes, choc tops, milkshakes, drinks & more

– This business is a strong, recognizable upscale ice cream brand that is ripe for continued expansion.


This is a turnkey business with systems operations in place, very high-quality product lines, and a strong management environment which will give the transition to a new owner/operator a healthy running start to their new venture. This company has a strong reliable cash flow to ensure success.

Very rarely do exciting opportunities of this type, standard or location come onto the open market, and we therefore highly recommend early enquiry to avoid disappointment.




Monday – CLOSED

Tuesday – 2pm – 8:30pm

Wednesday – 2pm – 8:30pm

Thursday – 2pm – 9pm

Friday – 2pm – 9:30pm

Saturday – 1pm – 9:30pm

Sunday – 1pm – 9pm


As you can see from the photos attached, our client has invested in the finest equipment which has all been recently installed. The decor, furniture and service area resembles many fine Italian gelato bars and is a cool area to relax in the hot summer months.

The business trades on its reputation and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.

Unit 1: Price: $220,000

Unit 2: Price: $450,000


This is an excellent opportunity for someone who wishes to own a lifestyle business with plenty of potential. Buyer to submit proof of funds and ability to run the operations before information is released.


Updated on May 31, 2023 at 12:18 am
  • Listing ID: 19053
  • Price: $220,000
  • Industry: Food & Drink
  • Type: Business


View on map
  • City or suburb: Preston
  • State: Victoria
  • Postcode: 3072
  • Area: Melbourne North

Loan Calculator

  • Principal & Interest
Business Trade makes no warranties, express or implied, or representations as to the accuracy of the content on businesstrade.com.au. Business Trade assumes no liability or responsibility for any error or omissions in any information contained in any business listing, the website, or the operation of the website.

Compare listings

Boston Business Brokers
  • Boston Business Brokers