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Listed by:

MICHAEL SIMONE REAL ESTATE

Award-Winning Gelato Business In Midtown Toronto For Sale

Toronto, Ontario, Canada
Asking Price:
$349,900 (CAD) Furniture / Fixtures included
Sales Revenue:
$500K - $1M (CAD)
Cash Flow:
Undisclosed

Welcome to Gemma Gelateria, a beloved staple in one of Toronto’s most prestigious and high-traffic neighbourhoods. This authentic, European-style gelato shop is renowned for crafting small-batch Italian gelato with love, using only all-natural ingredients. With a rotating menu of over 160 artisanal flavours—including customer favourites like Nocciola, Pistachio, and a wide variety of vegan and dairy-free options—Gemma Gelateria consistently draws a devoted local following and a steady stream of tourists.

Named Best Gelato in Canada by the ICCO in 2022, the business enjoys a stellar reputation and glowing reviews, thanks to its exceptional product quality and customer service. Situated in a prime Midtown location with excellent visibility and foot traffic, this turnkey operation offers both immediate profitability and exciting growth potential.

Property Information

Location:

​​​​​​​Midtown - Toronto

Premises Details:

Key Features

  • Fully equipped and operational with established branding and processes
  • Strong online and social media presence with glowing reviews
  • Loyal clientele and high repeat customer rate
  • Opportunity to expand product offerings (e.g. coffee, pastries, catering, or retail pints)
  • Room to grow through franchising or additional locations
Size in square feet:
960

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

With its prime location, high foot traffic, and established brand loyalty, this store has significant potential for increased revenue and business growth.

Competition / Market:

The store enjoys strong brand recognition and customer loyalty. There is minimal direct competition in the immediate area, allowing it to stand out as the preferred Gelato place for the public. The brand’s reputation supports steady business flow without extensive marketing efforts.

Trading hours:

Mondays to Saturdays 11 am to 10 pm, Sundays 11 am to 10 pm

Employees:
5

Other Information

Support & training:

The seller offers comprehensive training to ensure a smooth transition for the new owner. This includes in-depth training on product knowledge, POS system operation, customer service best practices, and marketing strategies. Ongoing support is available from the franchisor, including access to brand resources, and marketing materials. Additional on-site training and support from the current owner can also be arranged to help the buyer get fully acquainted with daily operations.

Financing available:

Seller is open to discussing VTB financing on the sales price for qualified buyers, offering a supportive transition into ownership. Please contact us for further details on these financing options.

Furniture / Fixtures value:
$100,000 (CAD) - included in the asking price