Sold $120,000

ATTENTION: 491 Visa Applicants - Well Established, Under Management & Profitable Clothing Alterations Business

Short Summary

Well established, profitable & almost under management clothing alterations business for sale with loyal patrons as well as high walk in customers.

Key Selling Points

  • Under Management

  • Low Overheads

  • Low Stock requirements

  • Low working capital requirements

  • Cashflow Positive

  • Non-hands on Owner

  • Long term Management and Staff in place

  • Strong year to year Sales

  • Low Rent

  • Simplistic business

  • Clean business

  • No Competition

  • 80% Repeat Work

  • Best Location

  • Short Trading Hours

  • No weekend work!

  • Ideal for 491 Visa

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.

Contact Henry Chow 0421 040 857 | Amy Wan 0498 229 813

Asking $120,000

Ref. no. BUY2417

DISCLAIMER:
The information contained in this advertisement and any other material provided in connection with the sale of this business has been supplied by the seller and other sources deemed reliable. While every care has been taken to verify the accuracy of the information, Business Classifieds Pty Ltd ATF Business Classifieds Trust and its agents make no representations or warranties (express or implied) as to the accuracy, completeness, or currency of the information provided.

Prospective purchasers must make their own independent enquiries, investigations, and assessments and should seek professional advice from their accountant, solicitor, and/or other relevant advisors.

No reliance should be placed on any statement, forecast, or representation as to future matters, including profitability, performance, or growth potential, which are inherently subject to business, market, and economic risks.

Business Classifieds Pty Ltd ATF Business Classifieds Trust and its representatives do not accept liability for any loss, cost, or damage arising directly or indirectly from any decision made based on the information provided.

This advertisement and any other material provided in connection with the sale of this business does not constitute legal, financial, or business advice and is not a substitute for a full due diligence investigation. The sale of this business is subject to contract and the final approval of the seller.

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    Property Features
    Henry Chow
    0421 040 857
    Fluent English, Cantonese, Mandarin. Henry was the sole founder of CarrierNet Corporation which was merged into the Ariane Group in 2006 and listed on the Singapore Exchange. The Company was renamed as CarrietNet Global Limited in 2008. Henry has completed transactions in many countries including Australia, China, Hong Kong, Taiwan, Japan, USA, Indonesia, Philippines, Korea, Pakistan, Zambia, Nigeria, South Africa, India, Nepal, Laos, Cambodia, Vietnam, Dubai, Kyrgyzstan, Kazakhstan, Singapore and Thailand. The aggregate transaction size of all the deals that Henry has worked on exceeds US$100 million. Henry has built strong relationships with a large number of relevant business people and organizations in many Asian countries. He has also developed an intimate understanding of how business is conducted in these countries. From 2001 to 2010, he was then Chief Executive Director of CarrierNet where he led the products, sales, business development and commercial operations of the business. Through a successful merger and acquisition transaction, CarrierNet was renamed as CarrierNet Global Limited, listed on the CATALST board of the Singapore Stock Exchange in February 2008. Henry was appointed as the Chief Executive Officer and Executive Director of CarrierNet Global Limited where he was primarily responsible for driving the Group’s vision, growth and profitability, and held a key role in executing the business plan, driving sales performance and building strategic alliances. From 2011 onwards, Henry acts as the Chairman and Executive Director of Cacola International Furniture Limited which is a Singaporean Main Board listed company and he was responsible for charting and implementing new business strategies and setting an innovative direction for the future of the Group. Henry has years of experience in capital markets, finance and information technology industries through his works at ANZ Bank, National Australia Bank, Hong Kong Telecom, Sterling Commerce, South China Group, Indonesian based PT. Atlasat Solusindo Group, CarrierNet Corporation Limited, Primax Investment and Capital Limited. Henry was one of the founding directors of the Indonesian PT. Atlasat Solusindo Group and he founded Hong Kong based CarrierNet Corp. Limited in 2001, a licensed telecom and IP based carrier offering discounted niche routes to global markets. Henry graduated from the University of Minnesota with a Bachelor of Computer Science degree. Henry is heads and shoulders above the rest when it comes to selling within the Asian community both locally and abroad!
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