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

1. Expand Online: Tap into e-commerce by launching an online store to complement the existing loyal local customer base.
2. Marketing Magic: Leverage social media platforms for increased visibility and engagement.
3. 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.