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.