This profitable clothing alterations business was taken over by the present owner around the end of 2018. Through the years, it has flourished into the "go-to destination" for top-quality alterations and is loved by a loyal customer base with many walk-in patrons.
The business nested in an affluent suburb of Southern Gold Coast enjoys high visibility and customer flow with a crazily low rent of $450 weekly (inclusive of O/G & GST) and a lease till 2025 (with 3 years option) supported by a friendly landlord.
With a high profit margins, this business boasts an outstanding reputation supported by a loyal clientele offering exceptional craftsmanship and superb customer service that earn the business with a stellar reputation and a slew of glowing Google reviews. The business is also a dry cleaning agency allowing another income revenue stream for the owner.
The business is supported by an experienced team which comprises one permanent staff member (manager) and couple casual employees. Some of the employees have been with the business from its inception. There are 7 sewing machines and the business has the potential to grow with the present machine capacity. Trading only 5 days a week with no weekend works, the owner, who operates another growing business, is spending around 10 hours per week on this business and his main responsibility is delivery.
Weekly income averaged $4,500 with netting of close to $2,000/week and annual net profit in the proximity of $100,000. The seller agrees to offload this business reluctantly due to the growing demands of his other business.
This is a simple business to run with comprehensive support offered to the new owner.
This business is perfect for 491 Visa applicants or anyone who is committed to continue this business's tradition of excellence.
Key Features:
– Simple business to run with comprehensive support offered to the new owner.
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