Great Opportunity for a Sea Change!

Magnolia Collective is an established boutique in the hip seaside suburb of Thirroul. Previously known as Boutique Thirroul, the boutique has a loyal customer following in place, built up over the past 17 years! It is the go-to for ladies fashion on the Coal Coast with established suburb exclusivity for many sought after fashion labels not available in department stores.

The new owner(s) will be introduced to current wholesalers and agents during handover for an easy transition. Full training provided. Fashion retail experience is not required for this easy to run business which is currently in a 3 year lease term to expire in January 2025 with an option to renew or negotiate a new lease.

The business currently has a functional WordPress website, WooCommerce online shop and social media platforms are live. The professionally designed website is fully functional however significant upside exists to redesign this side of the business with Shopify and marketing flair.

All fixtures and fittings come with the sale which includes a brand new reception/sales counter (valued at $6K) and new floating floor.

Asking price is $25K which is reasonable given the local following and tourist traffic, plus stock (SAV) around $30-35K which can be confirmed during stocktake.

This business is ready for the new owner to take it to the next level and expand sales with increased online presence. The boutique size and location could also support diversification into homewares and/or menswear. A lot of potential for the right owner(s) to capture with their ideas and passion.

The boutique is around 75 sqm. There is a kitchenette/storeroom, 3 change rooms, storage cupboard and toilet. Parking is not an issue for the owner or customers with parking readily available.

The boutique currently trades 7 days/week and is located near busy cafes. Great hours 10am-4.30pm Mon-Fri, 10am-4pm Sat and 11am-4pm Sunday or change the hours to suit. The benefits of being your own boss!

The Phone Code for this property is: 46658. Please quote this number when phoning or texting.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.