Inner City, VIC

Designer Consignment Boutique Fashion Retailer

HIGH END CONSIGNMENT STORE. ESTABLISHED BOUTIQUE WOMENS FASHION RETAILER IN A PRIME RETAIL LOCATION

SNAPSHOT
- Asking Price: $100,000
- Turnover for FY17: $250,000 (excl GST)
- Gross Profit Margin of 83%
- Net Profit to Owner Operator FY17: $94,500
- 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 2016 for a 3 year term
- One (1) further term of three (3) years
- Base rent $65,563 plus GST per annum ($5,464 per month)
- Outgoings of approximately $8,650 per annum
- Annual increases of 3%
- 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 0411 145 114 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 BR1282.

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