For Sale
Well known Clothing Alteration Franchise for sale – Liverpool.
Liverpool, Merseyside
- Asking Price: £89,950 +SAV
-
Turnover:
We are advised as per the 2022 accounts, the business generated a turnover in the region of £267,000. Further financials can be made available upon request.
Please quote reference B06974
- Tenure: Leasehold
Please quote reference B06974
Hilton Smythe is delighted to present to the market a turn-key franchise opportunity, which was established by our client 9 years ago who is now looking to pursue other business interests at the end of the agreed franchise term.
The ZipYard is the UK’s leading and largest clothing alterations and has a passion the best customer service and the highest quality clothing alterations, repairs and curtain services.
The business is priced to sell quickly. The reason for sale is it is coming to the end of the 10 year franchise agreement and the current owner is looking to relocate to be closer to family.
The business was also expanded in 2021 to include a full onsite dry cleaning service which provides a complementary offering to our existing clientele. The dry cleaning system chosen is the Electrolux Wet Cleaning System which is the most eco friendly system on the market and doesn’t require use of chemicals so no certificates required.
A franchise owner manages a team of people who carry out all the alterations so there is no need for any new owner to have any prior experience in seamstressing to successfully take over the business model.
It has demonstrated steady growth year on year since it started up in 2013 and the unit is now the No 2 performer in Great Britain for this brand. It has a database of over 30,000 customers and strong repeat business. The website comes up at No1 under Google search and has over 170 5 star reviews across Google/Yell/Facebook.
Demand for high quality clothing alterations and repairs including formal, wedding and prom wear is both high, consistent and continues to grow. This franchise is perfectly located to also take advantage of extra local business derived from the Grand National, Chester & York Races. The business also offers a comprehensive curtain alteration & made to measure service.
Services include -
- Altering & resizing clothes - suits, dresses, formal wear & wedding attire
- Repairs & restorations - suits, dresses, formal wear & wedding attire
- Dry cleaning - carried out onsite
- Wet cleaning - popular ECO option as does not require chemicals
- Design & creation
- Zip repair/replacement
- Upcycling vintage & pre-loved clothes
- Cushions & other home furnishings - making, alterations & repairs
- Curtain Alterations- including made to measure
- Appears top of any Google search
- Excellent cash flow (money taken on order)
- New 10 year franchise period to be offered
- Training support offered
- The £15k franchise fee (for new franchises) will be waived
- State of art dry cleaning equipment recently installed
- Opportunity to expand internal working space and further grow sales
- Excellent staff retention (most of team present for 5 years +
- Seamstresses are very talented with excellent customer service skills
- Excellent repeat custom
- High level of referrals
- Over 200 5 star Google reviews
- Business website
- Facebook page - 284 followers
- Corporate business – the business does not currently have any corporate contracts for areas such as curtains / suits etc.
- Made to measure curtains – the business owner has set up a separate site for this and is a part of the business that could be very profitably increased.
- Dry Cleaning – The dry cleaning side of the business has not been pushed hard and there is significant room for growth in this area.
- Pickup and delivery service – This would widen the catchment area and as the business now offers an alterations / curtain and Dry cleaning service there is plenty of scope to grow.
- A new owner can increase the customer base still further by marketing untargeted areas of Liverpool. Going after corporate contracts in both clothing and made to measure curtains, offering a pick up and delivery service.
With an outstanding local reputation and highly experienced, loyal and expert staff this is a rare opportunity to acquire a high performing retail franchise which is genuinely unaffected by recessionary times or internet competition.
We are advised the Landlord would also consider selling the freehold (approx value £240,000).
We are advised that the business has 6 full-time and 1 part-time members of staff.
The business hours are -
Monday – 9:30am - 5:30pm
Tuesday – 9:30am - 5:30pm
Wednesday – 9:30am - 5:30pm
Thursday – 9:30am - 5:30pm
Friday – 9:30am - 5:30pm
Saturday – 9:00am - 5:00pm
Sunday - Closed
The business occupies a highly desirable trading position in Liverpool.
There is a good availability of customer parking directly outside as well as a busy bus stop.
Nearest mainline station is just 5 mins walk away.
Ground Floor -
- Customer waiting area (with seating)
- Counter area
- 2 x Large fitting rooms
- Open plan seamstress space
- Rear extension - Dry cleaning area
- Additional work room area (with large curtain table)
- Store rooms
Tenure
We are advised that the business is being sold on a Leasehold basis, with 1 year remaining on the 10 year lease. The rent is £2,050 per month (£24,600 per annum).
It has been agreed with the Franchisor that the Franchise Fee will be waived for the purchaser of this business securing a saving of £15k.
Enlarge Map
Looking to sell a similar business?
Find out moreNeed help with finance to purchase this business?
Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Finance Calculator
Powered by Hilton Smythe
Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
