Premier Alterations Business with 30 Years of Goodwill!
Premier Alterations Business with 30 Years of Goodwill!
Price: $350,000
Location: Cobb, Fulton
Industry: Clothing and Fabric Manufacturing, Other Service Businesses
The current owners, a husband-and-wife team, are ready to retire!
This is a fantastic opportunity to acquire a highly profitable, well-established alterations business with a loyal, long-standing client base in one of metro Atlanta’s most sought-after neighborhoods. The business is in an area where the customers are fashion-conscious and seek custom-fit garments.
The industry is expected to grow in the coming years due to the increasing demand for custom-fit clothing and the trend of sustainable fashion.
As a premier clothing alteration business known for its attention to detail and precise alterations, the Company offers a full range of clothing modification and repair services to cater to diverse body types, styles, and garment types, designed to enhance the fit and appearance of clothing from wedding gowns and bridesmaid dresses to men’s and women’s clothing, and private school uniforms. Common services include adjustments to the waist, hips, sleeves, hemlines, necklines, tapering, zipper and button replacements, clothing repairs, as well as many other garment modifications.
Business Highlights
• Well-established, turn-key operation with over 3 decades of Goodwill
• Desirable location
• Stable history of profitability with good profit margins
• Great all-season business, highest peak seasons in Spring and Summer
• Well-maintained equipment
• Skilled seamstress would be willing to stay
This is a well-organized operation and a consistently profitable business opportunity that is positioned for continued success; a perfect acquisition opportunity for a husband-and-wife team as well as an independent owner/operator.
Furniture, fixtures, and equipment, consisting of 9 various sewing machines, irons, steamer, cutting table, newly constructed front counter, workstations, clothing racks, thread racks, multiple shears, and much more.
Full Disclosures: The exact business location is not disclosed in this advertisement due to confidentiality.
Gross Revenue: $407,930
Cash flow: $201,123
FFE Included: Yes
FFE: 10000
Reason For Sale:
Retirement
Training & Support:
The Seller will provide an agreed transition/hand-off period for the new owner.
Year Established: 1992
Employees: 4 FT and 1 PT
Monthly Rent: $3,469 monthly $34.01 sf ($41,625 annually)
Square Footage: 1224
Facilities Information:
The leased space is conveniently located in a popular metro Atlanta shopping mall, consisting of 1,224 sf, including a front counter, a waiting area, four private dressing rooms equipped with a sitting bench and mirrors, a fitting area surrounded by mirrors, and a large area with four separate workstations fully equipped with equipment and supplies needed to perform alterations. The Lease has a 5-year option available to renew.
Competition:
The business faces little competition but stands out due to its strong reputation for high-quality workmanship, attention to detail, and excellent customer service
Potential Growth:
The business has various avenues for expansion, including implementing marketing strategies, starting by creating a website; targeting commercial, municipality, and schools for uniform alterations; targeting local clothing stores for custom-fit alterations, bringing embroidery and monogramming services in-house, and implementing a drop-off and pick-up station for dry cleaners.
Financing/Terms:
N/A