Clothing Alteration & Manufacturing Business Netting $130k p.a

Own a piece of Tasmanian sewing History!

Established and successfully trading for over 120 years, and trading under the current ownership since 1997, the business has enjoyed continuous growth in revenue year on year and has remained profitable.

Conveniently located in heart of the Hobart CBD the business is well positioned for further future growth.

Currently operating under the direction of the owners, this business is perfect for a savvy operator wishing to take the business to the next level. The business offers great lifestyle trading hours of 8:30 am to 4:00 pm, Monday to Friday and closed on the weekends.

Currently servicing Tasmania Police, Fire, SES, Ambulance & Prison officers with both custom made uniforms and alterations as well as clothing alterations for a long list of clients including, Myer, Les Lees, Gazman, Cue and Just Jeans.

On top of the above, they produce school uniforms on an annual basis for several of Hobart High Schools. Being located in heart of Hobart CBD, the business also capitalises on off the street walk ins and repeat business. The current owners have explored the idea of providing drop off services similar to dry cleaning services for consumers wishing to
have their clothes altered.

A savvy investor has the option to operate the business either on hands on the basis or employ new staff to manage the business. The asking price also includes over $200,000 in plant and equipment.

– Net profit of $131,138 FY2016
– Successfully trading since 1997 under current ownership
– Government clients such as Tas Police & Fire Department
– Rent only 7% of turnover
– $200,000 in plant & equipment
– Can be operated by 1 owner + 1 casual
– Trades 5 days from 8 am – 4 pm (Closed weekends)
– Full set of financials & tax returns available
– Vendor willing to stay on part time
– An Owner operator can net $131 k+ p.a
– Best offer over $89,000

With a steady flow of customers and a monopoly in the market, The Business is well positioned to capitalise on this great opportunity and continue to grow further in years to come.

A comprehensive information memorandum has been prepared for this business and will be supplied to qualified buyers.

Ref: TA00046
Broker: Farzin Hesari
Phone: +61 (03) 6135 4446
Mobile: +61 401 009 469
Email: [email protected]

The purchaser to make his/her own investigations and enquiries in relation to the business and not to rely upon warranty or statement made by the vendor or by anyone on his/her behalf.