Legacy of heir­loom to carry on

The Courier-Mail - Property - - REALESTATE MARKET WRAP - ALEX TIL­BURY

I really en­joyed spend­ing time with noted phar­macy doyen Richard Malouf this week as he showed me around his grand home for sale at 84 Mark­well St, Hamil­ton.

Like all suc­cess­ful pri­vately owned en­trepreneurs, he is self made. And nat­u­rally he comes from an en­ter­pris­ing fam­ily.

“I en­joyed re­tail and I enjoy peo­ple and buy­ing and sell­ing, that’s why I stud­ied phar­macy. My fam­ily came here from Le­banon, in the late 1890s and they moved to Charleville and they im­ported cars. I don’t know how they did it as they wouldn’t have spo­ken any English. But they brought ev­ery­thing into town that wasn’t read­ily avail­able,” said the 76-year-old boss of the New­stead-based Malouf Phar­macy Group.

“My dad used to buy bikes and he’d sell them to shear­ers to ride out to the sta­tions and buy them back at half price, fix them up and sell them again. They were very en­tre­pre­neur­ial, so I guess it’s in your blood. You learn it as a child sit­ting around the din­ner ta­ble.”

Mr Malouf opened his first store in Al­bert St, Brisbane when he fin­ished univer­sity.

“I have 20 phar­ma­cies now and 15 cos­metic and fra­grance stores from Ade­laide to Cairns.

“There was com­pe­ti­tion be­tween us and the Whites even though we are the best of friends but fierce com­peti­tors. They went ahead of me and opened big phar­ma­cies.

“We never opened up in the big shop­ping cen­tres, not the West­fields. But we are still in the high end makeup.

“Our phi­los­o­phy is ser­vice like you have never been served be­fore.

“It works even and even if I only serve 10 per cent of the cus­tomers its enough to keep us go­ing. Peo­ple can walk right past a Chemist Ware­house and into our store, be­cause not ev­ery­one shops on price. We give ad­vice, we have a lot of staff and a lot of stock.”

And con­grat­u­la­tions to Tasha Hall, who has just sold her stun­ning home at 22 Sir­ius St, Coor­pa­roo for $2.7 mil­lion.

The ac­coun­tant has lived in this im­mense in­ner-city house for four years. It’s the per­fect en­ter­tainer’s home for sure.

LJ Hooker New Farm prin­ci­pal Brett Green­sill with agent Pauline Karatau are sell­ing 84 Mark­well St, Hamil­ton for Richard and Anne-Marie Malouf. This lux­ury home has been owned by the fam­ily for 35 years.

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