Paddington Jewellery Icon to Sell After Two Decades

Thousand Island Dressing Paddington
Photo Credit: Google Maps

One of Brisbane’s most cherished jewellery and homewares stores, Thousand Island Dressing in Paddington, is on the market after 22 years of operation.

Leanne DeMartini, owner of the well-regarded store on Latrobe Terrace, expressed that it was time for new vitality in the business as she approaches retirement. She aims to conclude her career on a high note, desiring the new owner to continue the store’s legacy for another 22 years or more.

 Turning 60 last October, DeMartini felt it was the right moment to shift her focus from managing the store to potentially mentoring other small business owners through roles with the Brisbane City Council or the Small Business Association. She emphasized her interest in supporting and sharing her extensive experience with other entrepreneurs.

Business History and Resilience

Thousand Island Dressing first opened its doors in 2002 and later expanded to locations in Bulimba and New Farm in the following years. Although the satellite stores closed during the COVID-19 pandemic, the original Paddington location thrived with a strong online presence bolstered by loyal customers. 

DeMartini recounted memorable events at the store, including one where she met her husband, underscoring her emotional connection to the business.

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Market Interest and Sale Details

Listed for sale at $65,000 plus stock at value through Finn Business Sales, the business attracted immediate interest, receiving two offers shortly after listing, including one from a devoted customer. DeMartini expressed a fervent hope that the store’s new owner would share her passion for the business, emphasisingng her desire to avoid closure and see the store prosper under new ownership.

Published 23-June-2024