Brochures

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

Confidentiality Agreement

Please specify which business/es you are interested in (please insert Ref. Code/s if known)*
Please provide your name hereinafter referred to as "Recipient"*

First

Last
Email*
Mobile*
Address*

Street Address

City

State / Province / Region

ZIP / Postal Code

Country
What is your budget?*
What is your business experience?*
What business/es do you currently or have you previously owned?*
What is your ideal business?*
CONFIDENTIALITY AGREEMENT. Interpretation: (a) "Recipient" means the party referred to in this Confidentiality Agreement and includes all parties described in any Items Schedule and/or Contract of Sale, and/or Heads of Agreement, and/or Purchase Agreement, and/or Deed, and/or any Agreement which results in the Recipient, and/or heirs, and/or executors, and/or administrators, and/or successors and/or assigns either directly or indirectly having any consideration and/or interest in the Business and/or Property (hereinafter referred to as "Agreement"); and in the event the Recipient uses a new or related legal entity, or has a change in identity or name; or a Controller, or Liquidator, or Administrator, or Trustee, or Executor is appointed, then the Recipient shall refer to the new or related legal entity, change in identity or name, or the Controller, Liquidator, Administrator, Trustee, or Executor as the case may be. (b) “Business” means the business referred to in this Confidentiality Agremeent and/or described in any Agreement. (c) “Property” means the property referred to in this Confidentiality Agreement and/or described in any Agreement. (d) “Seller” means the party described in any Agremeent between the Recipient and includes heirs, executors, administrators, successors and assigns; and in the event the Seller uses a new or related legal entity, or has a change in identity or name; or a Controller, or Liquidator, or Administrator, or Trustee, or Executor is appointed, then the Seller shall refer to the new or related legal entity, change in identity or name, or the Controller, Liquidator, Administrator, Trustee, or Executor as the case may be. (e) “Agent” means Business Classifieds Pty Ltd ATF Business Classifieds Trust. (f) Words denoting the singular include the plural and vice versa, words denoting individuals or persons include bodies corporate and vice versa, words denoting one gender include all genderss and references to documents or agreements also mean those documents or agreements as changed, novated or replace. (g) Grammatical forms of defined words or phrases have corresponding meanings. (h) Reference to the Recipient shall bind their heirs, executors, administrators, successors and assigns. (h) Obligations under the Confidentiality Agreement affecting more than one party bing them jointly and each of them severally. AGREEMENT: The Recipient ("I/We/Me/Us") agrees to the Confidentiality Agreement as follows: In consideration of the Agent agreeing to provide me/us directly or indirectly with information relating to any Business/Property presented to me, I/We hereby agree and undertake as follows: (1) I/We will hold and keep as strictly confidential all information, statements, opinion, forecasts and other matters of whatsoever nature, whether written or oral (“the Confidential Information”) except in so far as the same may be or become information in the public domain. (2) I/We will not disclose any of the Confidential Information to any employee or third party unless such employee or third party is specifically required to have knowledge of the same for purposes directly related to my/our consideration of the Business/Property. (3) In the event of my/our making any disclosure to any employee or third party, I/We undertake to procure that such employee or third party prior to such disclosure agree to be bound by the terms of the Confidentiality Agreement in writing prior to disclosure of the Confidential Information or any part thereof and a copy of such written acknowledgement shall be filed with the Agent immediately prior to such disclosure. (4) In the event that after consideration of the Confidential Information, I/We do not purchase or make an investment in the Business/Property, I/We will forthwith return the said Confidential Information together with any copies, notes thereof (or any part thereof) or any documents containing extracts reproduced there from made by or on behalf of us, and delete all electronic records. Furthermore, I/We will maintain the confidentiality of such information and not use the same for any purpose. (5) The Recipient must not in any manner whatsoever either directly or indirectly be concerned or interested in the Business/Property without the Agent's involvement. (6) I/We undertake to indemnify the Agent against any actions, proceedings, costs, claims, demands or liabilities which the Agent may suffer in consequence of any breach by me/us of the undertakings herein contained. (7) The obligations, covenants and undertakings contained in the Confidentiality Agreement shall continue in force without any limit in point of time. (8) I/we acknowledge the Agent does not adopt or endorse information provided by the Seller. (9) I/we agree and confirm that this electronic Confidentiality Agreement is enforceable. (10) I/We acknowledge that the Agent is the introducing agent and that all dealings with the Seller will be communicated through the Agent unless otherwise agreed in writing at a later date. I/We will not do and/or say anything that interferes and/or circumvents the Agent’s entitlement to Commission. In the event that the Recipient acquires Interest in the Business/Property, either in part or whole, the Recipient acknowledges and agrees that, had it not been for the Agent, such Interest would not have occurred and agrees that the Agent was the effective cause of such acquisition.*
- I/We Agree to the Confidentiality Agreement.
I/We have read and understood the Privacy Statement located at https://goldcoastbusinessbrokers.com.au/privacy-statement/.*
- Agree
Please upload Photo ID (Please note that this is not a mandatory requirement however if you are not prepared to provide Photo ID your enquiry may be rejected. The purpose of this request is to match the details provided and no other purpose).
Drop files here or

Accepted file types: jpg, gif, png, pdf, Max. file size: 200 MB.
Would you like to receive email alerts regarding business opportunities from us?*
- Agree
- Disagree
Thank you!

We post regular updates on Facebook. Make sure you don't miss out on opportunities by following us on Facebook!

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!

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

Confidentiality Agreement

Thank you!

Property Features