Visit this listing at https://www.sbx.com.au/business?id=SF1510

Business Code: SF1510

Key Features: Wedding - Clothing Alterations - Sydney CBD - Retail

State: NSW

Suburb: Sydney, 2000

Location: Situated in heart of Sydney C.B.D. on the streetfront, next to large retail department store and surrounded by retail and offices.”

Description

Retail - alterations - Wedding alterations - One of the well known alterations shops in Sydney - This business has a large number of upmarket clothing boutiques and celebrities as its customers. - A large part of its alterations is for the high margin wedding industry. - Sales shown are weekly average from 2019 -

Summary

  • Features: A very successful website. - A tailored computer system which is well advanced. - Very profitable. - Huge growth. - This business is expected to double their nett profit to $350,000 - $400,000 per annum. -Well established for over 20 years. - High quality premises.
  • Potential: A great opportunity - Lots of potential to increase social media presence - Do some local marketing to increase customers
  • Premises: This business has an area of 100 sq. mts.
  • Trading Hours: 6 days - Mon. - Fri. 8 a.m. - 6 p.m. Sat. 9 a.m. - 3 p.m.
  • Lease: Lease 3 + 3 year - 3 month bond.
  • Employees: 1 owner + 4- 6 full time employees.
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$9,500

Cost of Goods

$700

Gross Profit

$8,800

Rent

$1,181

Wages

$4,000

Telephone

$30

Insurance

$68

Electricity

$80

Misc1

$250

Total Expenses

$5,609

Net Profit

$3,191

Price

$248,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Alterations - Clothing Alterations- Retail - Wedding

Business Code: SF1510
Price: $248,000

Key Features: Wedding - Clothing Alterations - Sydney CBD - Retail

State: NSW

Suburb: Sydney, 2000

Location: Situated in heart of Sydney C.B.D. on the streetfront, next to large retail department store and surrounded by retail and offices.”

Description

Retail - alterations - Wedding alterations - One of the well known alterations shops in Sydney - This business has a large number of upmarket clothing boutiques and celebrities as its customers. - A large part of its alterations is for the high margin wedding industry. - Sales shown are weekly average from 2019 -

Summary

  • Features: A very successful website. - A tailored computer system which is well advanced. - Very profitable. - Huge growth. - This business is expected to double their nett profit to $350,000 - $400,000 per annum. -Well established for over 20 years. - High quality premises.
  • Potential: A great opportunity - Lots of potential to increase social media presence - Do some local marketing to increase customers
  • Premises: This business has an area of 100 sq. mts.
  • Trading Hours: 6 days - Mon. - Fri. 8 a.m. - 6 p.m. Sat. 9 a.m. - 3 p.m.
  • Lease: Lease 3 + 3 year - 3 month bond.
  • Employees: 1 owner + 4- 6 full time employees.
  • Sale Reason: Retirement
  • Comments: Miscell. - 1 - Other general expenses and gst. They have recently commenced selling second hand wedding dresses on line. -
    Current staff have been with the business for over 3 years. - Full training provided. Two page confidentiality agreement required to be signed for more details

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Weekly Takings
(inc GST)

$9,500

Cost of Goods

$700

Gross Profit

$8,800

Rent (ex GST)

$1,181

Wages

$4,000

Telephone

$30

Insurance

$68

Electricity

$80

Misc1

$250

Total Expenses

$5,609

Net Profit

$3,191

Price

$248,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.