SOLD! Clothing Manufacturer plus 6 retails stores. T/O $3.8Million (Melbourne)

The business is a pioneer within its niche, turning natural fine Australian Merino wool into soft quality Merino wool garments. It designs and manufactures its own range of clothing, with majority of the clothing sold through its own retail stores strategically located across VIC, NSW and SA. The business has captured a market niche, and attracted a majority of its customers with limited investment in marketing.

Business Highlights

• Revenue in excess of $3,800,000 pa
• Premium quality products with proprietary processes
• Fully integrated operation from sourcing raw materials, making the fabrics, design, manufacturing, distribution and retail
• Product innovation and improvement, with records of winning government grants
• 6 stores across Victoria, New South Wales and South Australia
• Active customer database approx. 18,000, with growing online sales
• Fully computerised inventory management system, accounting and retail POS
• Handover and training to be mutually arranged
• Successful pilot store concept tested and ready for future new stores
• Potential to expand distribution into the growing market targeted at tourist visiting Australia
• Potential for introducing the products to overseas market

Transition and training will be structured based on mutual agreement

Due to the impending retirement of the owner, this business offers a great opportunity for a new owner to inject the energy and focus to explore the immediate growth opportunities.

Will suit an existing operator with manufacturing facilities in Australia or overseas or somebody wishing to enter into the fashion industry.

Asking Price $1,100,000 including stock (estimated at $800,000)