Location Details

197 Park St
Street location with public transport tram stop outside the door. There is a public car park accross the street.

Potential

This business is located at 197 Park St, South Melbourne is located on a busy street with high traffic and visibility. This thriving Alter It ranchise store has enjoyed a high reputation in the garment modification and customisation for over 25 years. It is a turnkey business with a stable customer base, a great location and all the sewing machines and equipment needed for day to day operations.

This is a great opportunity to take over a well-known brand and achieve strong growth.

Skills

Tailoring experience will allow you to get the most out of the business.

Hours

Current hours Monday to Friday 9.00 to 5.00 and Saturday 9.00 to 2.00

Lease

Current rent is $775 per week. a renewal for 5 years available next year. A new lease should be available to new owner

Employees

Reason for Sale

Selling the business to retire.

About the Business

The business has been in the same location for over 25 years and is a well established business in an affluent area being close to Albert Park and St Kilda Rd. It boasts an outstanding reputation and a loyal clientele. The store is fashion orientated and alters high quality fashion garments as well as regular work such as shortening. Alter It is a franchise member and receives support from the franchise. The business has beenunder management for the past 3 years so an owner operator could provide fresh impetus.

As a franchise stores there are payments of franchise fees and marketing fees to be made. Financial information will be provided to interested parties.

History

Business operating in same location for over 25 years