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Profitable Iconic Clothes Alterations & Repairs Business For Sale

$150,000

Sydney Streets Region, New South Wales

Profitable Iconic Clothes Alterations & Repairs Business For Sale

Established for 71 years Owner's earnings $145k+ Sale Price $150,000
This business was established in 1950 and has traded profitably since. The business consists of 1 shop located in one of East Sydney's Most affluent Suburbs.
The business has a diversity of products and services. Its main business line is alterations and repairs, including Highly delicate items such as wedding gowns, formal wear, business attire, suits and occasion dresses. The business also sells retail haberdashery items and has a dry cleaning service.
Reasons to buy:
• Highly Profitable Business. Excellent ROI
• Well established business & brand
• Suits someone with tailoring or Dressmaking experience
• Good lease terms available
• Low asking price
• The vendor is eager to sell. Looking to retire
• Good contract workers who are happy to remain
• An Owner/Manager with marketing skills can improve further
• An ambitious owner can capitalise on the brand and improve sales
• Current owner is happy to do a slow handover.

This business is suitable for a husband & wife team with Clothing experience who wish to enjoy higher incomes with a small investment. Or someone who is looking for a good rewarding opportunity that can be further improved by modernising it's marketing approach. Current owner has never advertised and does very well via customer referrals & word n mouth.

Business Links / Tools

Last updated: 10th March 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Sydney Streets
State
 New South Wales
Price
$150,000
Category
  • Clothing/Accessories
  • Clothing/Footwear
  • Retailer

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Agency

Business Brokers Network

Business Brokers Network

Contact

Frank Sassin