Clothing alterations and menswear, 30 years trading

About the business

This business is a clothing alterations and menswear business in Oakleigh, Melbourne, Victoria, that has operated for more than 30 years. It has been under the same family ownership for 30+ years. Vendor estimates put the split at approximately 70% alterations and 30% menswear retail. It is open 6 days per week and closed Sundays. The lease runs to 31 May 2027, with a further 4-year lease option available. Two rear car spaces are allocated within a shared parking area. Alteration equipment and business assets are included in the sale. The owners have operated it as a traditional family business with little structured marketing. The broker reports a strong repeat and referral customer base. The broker reports strong gross margins in the service-based alterations business.