Clothing Alterations Business

Clothing Alterations Business

Turnover circa: £81k

Adjusted Net Profit circa: £25k

BUSINESS SUMMARY

Business Name: Undisclosed
Location: North Wales
Type of Business: Clothing Alterations & Personalisation

BUSINESS DESCRIPTION

Available for acquisition is a renowned professional clothing alterations service. Set within a high-density city location, the business has been delivering exceptional garment alteration, repair and personalisation services with a focus on quality, affordability, and comprehensive services for their loyal, local customer base.

SERVICE OFFERINGS

The business has forged a distinguished reputation for providing a comprehensive service to include personalisation, repairs and alterations, and a comprehensive T Shirt printing service for both commercial and private customers. The establishment capitalizes on the unique proposition of its central location – with limited competitors locally and opportunities for expansion with many commercial opportunities in the area.

SALE CONSIDERATION

With the owners poised to venture into new opportunities, the business is on the market, presenting a turnkey operation for aspiring owners or existing chains looking to expand. The sale will encompass all aspects of the business, including the brand, high quality retail premises, loyal clientele, and their wide range of commercial equipment.

The business is operated full time by the current vendor and two members of staff, and a handover period will be provided as needed by the incoming operator.

FINANCIAL SUMMARY

Revenue streams are diverse and robust, featuring regular walk ins and repeat customers with a strong local reputation. The business boasts annual gross revenues of over £81k, with an enviable net profit margin.

Detailed financial statements will be made available to interested parties.

PREMISES

The business is located on a busy parade of shops within the centre of a busy pedestrianised zone of the city centre.

The premises will be made available by way of a lease assignment being agreed with an incoming operator.

The vendor has made significant improvements to the property and introduced a host of professional equipment, which offer a warm and welcoming environment for customers and requires no further investment from an incoming operator who can capitalise on the extensive, high quality fit out to date.

Viewing is essential to appreciate the quality of the business on offer.

BUSINESS OPERATIONS

The business is family owned and operated and so a suitable handover period will be available for the incoming operator.

The business is open to the public and commercial customers and enjoys repeat business from both sectors, with scope to expand on this for an incoming operator.

GROWTH POTENTIAL

There is significant potential for growth through expanded marketing efforts, menu development, extended service hours, and leveraging the established brand to springboard into additional locations either as an inhouse chain or by franchising this successful model to aspiring franchisees.

The business has very limited need to do any marketing and enjoys reoccurring revenue from passing trade, local knowledge and has a Google page with a 4.5-star rating. Some of the opportunities available are:

·        Implement a website to include online orders/bookings.

·        Introduce paid advertising on Google and social media.

·        Increase social media presence to grow customer audience.

·        Actively seek out repeat commercial contract opportunities from local businesses and/or the services accommodation sector.

FINANCIAL INFORMATION

Detailed financial statements will be made available for interested parties.

FURTHER INFORMATION

Further information is available by speaking with the us and viewings are strictly by appointment only as the sale of this business is strictly confidential.

For more information please contact us.