30+ Year Oakleigh Alterations/Menswear Business For Sale

Oakleigh VIC · Clothing Retail · Tailor

Clothing Retail Personal Services General Retail Tailor Mens Wear

Asking price $120,000

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Not checked by Business For Sale

01 · THE OVERVIEW

About this business

In the broker's words

Full description, as written by the broker

Well-established clothing alterations and menswear business operating in Oakleigh for more than 30 years. The business has a strong repeat customer base, with a strong focus on alterations.

Established for 30+ years under the same family ownership
Strong repeat and referral customer base
Approximately 70% alterations and 30% menswear retail, based on vendor estimates
FY2025 sales of approximately $201,365
Three-year average sales of approximately $205,000
Three-year average normalised owner benefit of approximately $95,900
Service-based alterations business with strong gross margins
Open 6 days per week and closed Sundays
Current lease runs to 31 May 2027 with further 4-year lease option available
Two allocated rear car spaces within a shared parking area
Very limited structured marketing currently undertaken
Opportunity to grow through digital marketing, social media, online sales and Sunday trading
Established alteration equipment and business assets included
Genuine retirement sale

Principal owner is prepared to assist the purchaser 2 to 3 days per week after settlement, with any ongoing arrangement to be separately agreed

The business is particularly suited to an experienced tailor, seamstress or alterations operator looking to move into an established retail location with an existing customer base.

The current owners have operated the business as a traditional family business with little structured marketing. A new owner could further develop the business through online marketing, social media, commercial alteration work, extended services and additional trading hours.

Asking Price: $120,000 + SAV

02 · KEY FACTS