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

Business Code: SF1510

Key Features: Wedding - Sewing - Clothing Alterations - Sydney CBD - Retail - Street level

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 and Sewing- One of the well known alterations shops in Sydney CBD - 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.

Summary

  • Features: A very successful website. - A tailored computer system which is well advanced. - Very profitable. - Good systems in place and a tailored computer business management system-Well established for over 26 years bu same owner - 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: Expires March 2022 + 3 year option - 3.5 % Increases - 3 Month Bond.
  • Employees: 1 owner + 4 - 6 full employees depending on work load .
  • 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

$138,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Alterations - Sewing - Clothing Alterations- Retail - Wedding

Business Code: SF1510
Price: $138,000

Key Features: Wedding - Sewing - Clothing Alterations - Sydney CBD - Retail - Street level

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 and Sewing- One of the well known alterations shops in Sydney CBD - 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.

Summary

  • Features: A very successful website. - A tailored computer system which is well advanced. - Very profitable. - Good systems in place and a tailored computer business management system-Well established for over 26 years bu same owner - 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: Expires March 2022 + 3 year option - 3.5 % Increases - 3 Month Bond.
  • Employees: 1 owner + 4 - 6 full employees depending on work load .
  • Sale Reason: Retirement
  • Comments: Miscell. - 1 - Other general expenses and gst. They have recently commenced selling second hand wedding dresses on line. -The website is on the top of the search results on the major search engines Half of its alterations are high margins in the wedding industry, making it a very profitable venture
    Current staff have been with the business for over 3 years. - Full training can be provided.

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

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings

$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

$138,000

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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.