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Rare Opportunity: Turnkey Retail Business asking only 6 months revenue!
Internal Ref: 589
Summary
Well-established clothing alterations and menswear business operating in Oakleigh for more than 30 years. The business has a strong repeat customer base, with a strong focus on alterations. - Es
About the Business
Well-established clothing alterations and menswear business operating in Oakleigh for more than 30 years. The business has a strong repeat customer base, with a strong focus on alterations.
- Established for 30+ years under the same family ownership
- Strong repeat and referral customer base
- Approximately 70% alterations and 30% menswear retail, based on vendor estimates
- FY2025 sales of approximately $201,365
- Three-year average sales of approximately $205,000
- Three-year average normalised owner benefit of approximately $95,900
- Service-based alterations business with strong gross margins
- Open 6 days per week and closed Sundays
- Current lease runs to 31 May 2027 with further 4-year lease option available
- Two allocated rear car spaces within a shared parking area
- Very limited structured marketing currently undertaken
- Opportunity to grow through digital marketing, social media, online sales and Sunday trading
- Established alteration equipment and business assets included
- Genuine retirement sale
Principal owner is prepared to assist the purchaser 2 to 3 days per week after settlement, with any ongoing arrangement to be separately agreed
The business is particularly suited to an experienced tailor, seamstress or alterations operator looking to move into an established retail location with an existing customer base.
The current owners have operated the business as a traditional family business with little structured marketing. A new owner could further develop the business through online marketing, social media, commercial alteration work, extended services and additional trading hours.
Asking Price: $120,000 + SAV
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