A rare opportunity has emerged to acquire one of the Sunshine Coast’s most iconic retail businesses, with Otilly & Lewis now offered for sale by leading agent John Petralia from RWC Noosa and Sunshine Coast.
Located at Shops 3 & 4/8 Grebe Street, Peregian Beach, Otilly & Lewis is a highly curated homewares and fashion store with a national and international reputation, cultivated over two decades of operation. Known for its exquisite selection of European and Australian products, the business has become a destination in its own right, and it’s now available to a new owner, with the option to purchase the freehold premises as well.
“This is the kind of business that rarely comes along,” said John Petralia. “It’s built on decades of travel, sourcing, and personal relationships with long-standing international suppliers. The structure has been intentionally designed to allow the owner freedom and lifestyle flexibility, including tax-deductible travel to destinations like Paris and Portugal.”
Currently turning over $1 million+ annually, supported by a loyal team including a store manager and two experienced sales consultants. With fully trained staff able to run day-to-day operations autonomously, the incoming owner can choose to be hands-on or enjoy a more flexible, travel-enabled role.
“The prime retail location in Peregian Beach, with 112sqm* of boutique space, is a key selling point, along with the exclusive supplier agreements and licensed product manufacturing for maximum profit,” Mr Petralia said.
The shop boasts iconic imported and local brands including Santa Maria Novella, Trudon, Ortigia Sicilia, and Mud Ceramics.
“The foundation has been meticulously built over 20 years. The products are established, with seasonal refreshes that keep things current without needing a full reset. For someone with an eye for design and a love of travel, this is a dream business,” Mr Petralia said.
For further information contact John Petralia on 0414 812 719.
New laws in Queensland make it mandatory for commercial and residential property sellers to complete formal disclosures before any contract is signed. From 1 August, the Property Law Act 2023 will come into effect, replacing the 50-year-old Property Law Act 1974 and introducing a compulsory seller disclosure requirement.
Every year, a few of us from the Ray White network pack up our boards and head to Indonesia in search of waves and a bit of perspective. It’s become something of a ritual. A chance to step away from the noise, reconnect and see the world a little differently.