23 Hillcrest Road, Devonport TAS 7310
45+ Years in Business! - Highly Profitable, Industry leader - Domestic and Industrial Sewing Machine Specialists
After establishing themselves over 45 years ago and maintaining a thriving, profitable business throughout, the owner of Stewart's Sewing Machine Centre is now looking to retire, and allow another mechanically minded purchaser to take the reigns.

Providing an unrivalled service in the North of Tasmania, the business supplies both domestic and industrial sewing equipment, machinery, parts and accessories to both a statewide and national market, having the benefit of being only one of two of it's type in the industry across Tasmania.

The COVID environment has resulted in further demand and subsequent profitability, with Stewart's operating across the State and providing services to some significant entities, ensuring a consistent yet ever-increasing income for the business.

Stewart's Sewing Machine Centre are proud stockists of household brands such as Janome, Brother, Bernina and others.

The site is available both freehold or leasehold with the business, either option by negotiation. Comprised of warehouse/showroom and amenities, the property is well presented and benefits from being in an easy to find location, with substantial exterior space for parking, deliveries etc.

The business will likely suit those who are mechanically minded, with repairs and servicing of the machines being a large part of the operation, both domestic and in industrial environments. Training will be provided. Equally, the business may suit a similar type looking to expand into Tasmania.

With great turnover via its various income streams, the business is a fantastic opportunity for those in the market, and is priced to sell at $185,000 on a WIWO basis. Stock and equipment alone currently exceeds that value.

For further information relating to the business, financials and the premises, please contact the listing agent, Colin Rowlands, of Halliwell Property Agents.
  • For Sale
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  • Land size: 844 sqm