Internal Ref: Oceansuits
Summary
If you’re looking for a business with a long-term record of success, then Oceansuits will suit you. This business has been custom making, repairing and selling wetsuits for over 47 years.
Location Details
1/101 Wedgewood Road
Conveniently located in Hallam in a popular light industrial estate next to the Princes Highway and only 35 minutes to the CBD
Hours
Monday - Friday 9am - 5:30pm
Saturday 9am - 4pm
Lease
3 x 3 years
Employees
2
Reason for Sale
Retirement after 47 years in the business.
About the Business
Oceansuits will fit you perfectly. This business has been custom making, repairing and selling wetsuits and drysuits in Victoria for over 47 years. Whether it is for diving, sailing, kayaking, surfing, swimming, triathlon, jet-skiing or wading Oceansuits caters for all body shapes and sizes, creating comfortable and uniquely tailored suits for every individual.
Products and services:
• Wetsuit and drysuit repairs and alterations
• Warranty repairs for most wetsuit, drysuit and triathlon brands in Australia
• Tailor-made wetsuits – custom fitted or designed for all water sports
• Special needs therapy suits or neoprene products for wheelchair padding and racing cars
• Specially designed suits and ongoing repairs and servicing contracts for emergency services and military personnel
• All repairs done on site – some ‘while you wait’
• Well-stocked front of house ‘off the shelf’ retail shop and online sales
Features of the business:
• Conveniently located in Hallam next to the Princes Highway and only 35 minutes to the CBD
• 398 square metres of factory space with mezzanine floor
• Low rent of $45,941 plus GST
• Recently renewed 3-year lease (plus 1 x 3-year option) until 2030
• Training and assistance provided by the vendor who has owned and operated the business for 30 years
• Extensive list of plant and equipment, including specialist sewing machines (overlockers, straight stitch, tackers, tapers, seamers, zig zag and blind stitch)
• Powered by solar energy
• Cameras and alarm system
• Large mezzanine floor and upstairs office and storage
• Parking for 7+ places
• Minimum number of staff, each with solid experience
• Sensible hours of operation; Monday – Friday 9am – 5:30pm, Saturday 9am – 4pm
Oceansuits is on the market for the first time in 30 years. Its owner has reached retirement age and is selling reluctantly just at a time when the business is experiencing one of its best years with new opportunities opening up in the supply and repair side of emergency services and elite sports.
So, if you feel ready to dive into this unique and expanding business please feel free to contact Alan from Maguires Real Estate for more information and to arrange a time to visit the premises and discuss the business in detail with the owner.
Price: $249,000 + stock (approx. $25k) including $40,000 (approx.) of plant and equipment plus free period of training and assistance
Contact: Alan Maguire, Principal, Maguires Real Estate
Phone: 0418 377 038
Email: [email protected]
Web: www.maguiresrealestate.com
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