Acclaimed Neighborhood Bar + Gelateria For Sale

6.5 year old neighborhood bar/gelateria with growing revenue for sale. 3.5 years left on below market lease with 2 additional 5 year options. Strong happy hour and late night customer base. Sale of the business comes with national trademark rights, Carpigiani equipment, large social media following, robust online business. 28% average annual growth (pre-Covid). Featured in Bon Appetit, WSJ, The Cooking Channel, Austin Magazine, Domino, Ell, Thrillist amongst others. Location: Austin, Texas Year Established: 2014 Number of Employees: 5 Real Estate: Leased Building Sq. Ft.: 1,000 Rent: $3,500.00 Per Month Lease Expiration: 3/15/2025 Facilities: Carpigiani and La Marzocco equipment. Website: www.gelateriagemelli.com Market Outlook/ Competition: The gelateria houses the largest amaro list in Austin which pairs wonderfully with our locally sourced, handmade gelato. Loyal customers come back over and over to celebrate birthdays, go on dates, stop in for happy hour or a nightcap. This is a unique offering on busy 6th street. Growth & Expansion: National trademark rights to the name for expansion. Opportunity to hub and spoke to provide gelato to other locations from the 6th Street kitchen.