Boutique Fashion Retailer
SOUTH YARRA VIC
Last asking price $50,000
Sold June 2023
Clothing Retail
MUST BE SOLD, MAKE AN OFFER!!! ESTABLISHED BOUTIQUE WOMENS FASHION RETAILER IN A PRIME RETAIL LOCATION
SNAPSHOT
- Asking Price: $50,000 plus SAV (approx $20,000)
- Turnover for FY15: $268,000 (excl GST)
- Prime retail location near corner of Chapel St and Toorak Road
- Open 7 days per week
- Premises and lease includes a large loft style apartment suitable for living or storage purposes
- Training, introduction to key suppliers, and full transition can be provided if required by a purchaser
LEASE
- Commenced 1 July 2014 for a 2 year term
- Two (2) further terms of three (3) years each
- Base rent $60,000 per annum ($5,000.00 per month)
- Outgoings of approximately $8,650 per annum
- Annual increases of 3% (no market rental review upon exercise of next option)
- Floor area: Ground Floor 60sqm, Mezzanine Floor 50sqm
STRENGTHS/ BENEFITS
- Fantastic fitout, displays and retail location in the heart of trendy South Yarra
- Huge social media presence and following
- Very reasonable lease terms and costs
- Perfect for a first time buyer or experienced operator. No additional expenditure required
- Fantastic relationship with various suppliers (private and commercial)
Contact Cameron Ryan of Boyd Ryan Business Sales & Consultants on xxxxx for a confidential discussion about this business or register your interest by clicking on the 'Contact Agent' link on this advertisement and completing your details. Please quote reference BR1148.
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