Between

Prospective Purchaser*

Of Address*

Suburb*

Postcode*

Email Address*

Phone Number*

&

Absolute Business Brokers
Phone No: 03 9566 7300
Address: Unit 7/18-22 Lexia Place Mulgrave VIC 3170

Businesses Of Interest*

Terms & Conditions

WHEREBY IT IS AGREED

The Recipient promises to keep all confidential information of the Vendor, disclosed to the Recipient by the Vendor, associates or employees of the Vendor, Absolute Business Brokers Pty Ltd (ABN 21 154 206 407) (Absolute) or its employees (the Discloser), strictly confidential and acknowledges the potential damage to the Vendor and it's business and/or any Discloser of a breach of confidentiality

The Recipient further undertakes to, and agrees with, the Vendor, Absolute and any other Discloser:

not to communicate directly or indirectly any information regarding the Recipient's interest in the Business with anyone (including any employees, customers or suppliers of the Business);
to use the confidential information solely for the purpose of evaluating the opportunity to purchase the Business from the Vendor and for no other purpose;
not to disclose the confidential information other than to professional advisors, directors of employees of the Recipient who have agreed to be bound by this Confidentiality Agreement (by signing a document substantially in this form) and who similarly undertake to maintain the strict security and confidentiality of the confidential information; and
to return all confidential information and related notes and copies upon request by the Vendor or Absolute to the Discloser.

The Recipient makes this undertaking in favour of the Vendor and Absolute, and further acknowledges that in the event of the Recipient purchasing the said business, whether as an individual, company, trust or a partnership privately, through another agent or any other source, the Recipient agrees to compensate Absolute for any damages and loss of commission which would have otherwise been paid to Absolute upon settlement of the purchase of the Business.

The Recipient acknowledges and agrees that Absolute or its representatives will not be held responsible for any inaccuracies or incomplete information regarding the lease details, weekly average takings, trial takings, purchases, rental expenses, employees, wages and any other information relating to the business.

Such information is subject to the Recipient receiving a statement by the Vendor of a small business and a copy of the lease document The Recipient acknowledges and agrees that acceptance of the confidential information or signing this document constitutes acceptance of this disclaimer Notices under this document must be in writing and may be sent by post, delivery or facsimile to the address noted above.

This document is governed by and construed in accordance with the Laws of Victoria, Australia, and the parties submit to the jurisdiction of the courts of Victoria, Australia and courts competent to hear appeals therefrom.

I Agree to the terms & conditions of use.

What is ?

For Sale Expressions of Interest

Easy to run Retail Opportunity on Iconic Melbourne Street

This is an exceptional opportunity to own a business on one of Melbourne’s most iconic streets. Maling Road is a bustling and busy shopping street with active Business Association that continually has ideas on bringing crowds to the street.

This store offers quality garments and accessories (jumpers, coats, gloves, beanies, socks etc) made from natural fibres - Alpaca, Possum, Cashmere, Merino, Mohair, Silk, Cotton, Linen. It also stocks a variety of ethically sourced and well curated items from local suppliers and around the world, for men, women, children and the home.

The store is extremely popular with tourists and locals, looking for quality and ethically sourced knitwear and exclusivly sourced products, which the new owners have room to grow on and explore, by introducing a range of complementary items and stock to compliment the core business model and offering.

This business is very easy to run and does not require any specialist skills. It is currently run under management with the owner only working one day per week in the store mainly to do stock management and to check on the business. The sky is the limit for a new owner who could choose to work in the store and be more "hands on' or keep it under the management model. The staff are extremely supportive and very reliable and experienced- eager to assist the new owner and ensure a smooth transition.

There is much scope in this business for a new owner, who can add their own personal touches and can consider growing the stock with additional products as mentioned above or further focus their eye on expanding their market on the website and social media platforms.

Turning over approx. $6,000 per week, with extremely limited hours and short trade, with rent of $22,888 per annum and lease of 2x5x5 which commenced in March 2021, for one of the best spots in terms of retail space, arguably in all of Melbourne!

If you are looking for a small business that is easy to run and requires little or no involvement, look no further!

For more information about this exciting opportunity, contact Elle Likopoulos on 03 9566 7300.

Ref: B14544

Agents

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