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Retail Lease

In: Business and Management

Submitted By markwoodfield67
Words 495
Pages 2
Photo Barn is one of three current tenants that have been at Burwood One since October 1997. Our business has expanded and contracted several times over the past 18 years and could be currently categorised as in a stable ….

When landlord commenced the centre’s long awaited redevelopment, we, along with the other tenants at the time, had to absorb a significant downturn in our business. When the top carpark was blocked off, we saw an immediate drop off in sales, followed by 18-24 months of depressed sales, directly attributable to the reduced foot traffic.

The last 12-18 months have shown some recovery in sales since the building works have been completed.

In addition to this, our specific sector in the retail market has undergone radical change due to the paradigm shift to digital cameras and smart phones, and the explosion of online sale of cameras and other hardware.

We have adapted to these industry changes and our product mix is even more focused on service delivery, and we are no longer reliant on camera sales to contribute to our sales figures.

Photo Barn has always been a high quality photo lab, and our product and service range has adapted and expanded to meet the needs of both the local and wider market. We happily co-exist with low end photo product offerings (K-Mart) and attract a clientele willing to pay a reasonable price for our products and services.

As an ever evolving business, we look at ways to grow our product offerings. Currently we are looking at ways to invest in equipment to improve the photo book offering we currently have, while expanding into lucrative short run printing options for invitations, office brochures, annual reports, etc.

This will fill a significant market gap in East Burwood…..

In addition to this, we acknowledge it is time for our premises fit-out to be updated and made more contemporary and

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