Discover an incredible opportunity to own Grey and Felt, a stylish and sophisticated retail boutique nestled in the bustling heart of Sandy Bay. Renowned for its exclusive range of luxurious homewares, fashion, and lifestyle products, this well-established business has become a destination for discerning shoppers and gift-seekers.
Why this Business:
- Prime Location: Situated in one of Hobart's most affluent areas, the store enjoys high foot traffic and loyal patronage.
- Exclusive Products: Features a handpicked selection of premium brands like Marimekko, Maison Balzac, and Kowtow Clothing, many exclusive to Tasmania.
- Flexible Ownership: The owner works only one or two days a week, making this perfect for a lifestyle buyer or someone looking to scale.
- Proven Financial Success: Consistent earnings with a 3-year average profit of $85,096 for a non-working owner.
Exciting Growth Potential
- Expand Online: Tap into e-commerce by launching an online store to complement the existing loyal local customer base.
- Marketing Magic: Leverage social media platforms for increased visibility and engagement.
- Innovative Events: Host exclusive shopping nights or workshops to foster community connections and boost sales.
Key Highlights
- Sales: (2024): $367,887 (2023): $433,837
- Non-Working Owners Earnings (2024): $77,031 (2023): $76,667
- Lease: Secure lease with options for continuity.
- Low Owner Involvement: Supported by a skilled and dedicated team.
- Prestige and Charm: A curated shopping experience in a vibrant, thriving community.
Price: Business $85,000 + SAV (approx. $80,000) Total Investment $165,000
Don't miss this rare opportunity to own a beloved local boutique with immense untapped potential. Whether you're an entrepreneur, investor, or lifestyle buyer, Grey and Felt offers a unique chance to blend passion with profit.
A detailed information memorandum is available to interested parties by completing our confidentiality agreement, use this link - https://form-morgan-business.web.app/form/S8jI4Zm0YoGs9FlX5Lpz
