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Formal Wear Hire And Sales
Location Australia
Asking Price Range $500K - $1.0M
Gross Revenues $75000000
Net Profit / Cash Flow $25000000
Cash Flow Type EBITDA
Seller Finance No
Year Established 1982
Number of Employees 1 - 3
Inventory 50000000
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Yes
Reason for Sale Retirement
Description Established for more than 30 years, it offers the rare commodity of longevity, an excellent turnover, employability and solid, proven business procedures, ticking all the boxes as far as any motivated, overseas buyer / investor is concerned. Not only does it satisfy all business immigration prerequisites, but its stability greatly offers the security and comfort of a high, consistent, positive return on investment, generating excellent earnings, therefore a superb opportunity for any prospective migrant enhancing a smooth transition into Australia and its lifestyle.
Being Victoria's capital city and the business, administrative, cultural and recreational hub of the state together with its distinctive characteristics, Melbourne offers a vibrant lifestyle. Being such a magnetic and welcoming city it is the home, workplace and leisure centre of one of the world's most harmonious and culturally diverse communities.
Operating out of two different locations in Melbourne, this business is the retailing and hiring of a full range of formal wear i.e. men and boys formal wear and lounge suits as well as bridal wear including brides maids, flower girls, veils, jewellery, shoes and accessories and an extensive range of debutante dresses. Agencies have been established to further demand market share not only throughout Melbourne suburbs but rural Victoria as well. The efficient management of this business has built a solid, steadfast reputation and boasts being one of the largest operators in Victoria supplying debutante gowns / formal wear to not only the prestigious Caulfield School and Sienna College but to most secondary schools, especially in the eastern suburbs.
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