Business Summary:
For 30+ years, this business has offered high quality seamstress alterations and tailoring for bridal gowns, men and women formal apparel, custom veils, custom tailoring and wardrobe consulting. With the transition to off-the-shelf gown purchases, custom seamstress alterations are in high demand. With a talented team of seamstresses, this business has earned a dominate market share through a loyal customer base, strong referral network, and shrinking competition in the Greater Philadelphia area and beyond! Business is thriving with major events (i.e. weddings, proms, formals) postponed due to Covid-19 impacts now being scheduled for 2022-23. In 2021, the business realized a 16.8% increase in bridal clients vs. the pre-Covid period (2019) with similar growth trends in prom/formal event clientele.With financing in place (Lender Pre-Qualified), this business offers an entrepreneur or a strategic buyer the opportunity to acquire a profitable, well-established, growing seamstress/tailoring business. Don't miss this unique opportunity to purchase this thriving business!
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| Year
Business was Established: 1988 |
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| Number of Employees:
5 FT/1 PT |
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| Facilities / Terms of Lease:
Commercial, stand-alone, 1776 sq. ft. building (leased) with multiple client fitting areas, dedicated workshop area and on-premises garment storage. Incredible location with high traffic visibility and ample customer parking. |
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| Potential
Growth/Expansion:
Industry growth remains strong with increasing demand for high quality seamstress & tailoring due to the trend to purchase dresses on-line and/or from pop-up retail stores/outlets. Expansion into the traditional bridal boutique model or gown/formal rentals offer new revenue sources. |
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| Competition:
This business has the talent, experience and commitment to quality to perform the most intricate alterations of bridal gowns, prom dresses and formal wear. With limited competition in the region, the business continues to capture market share based on their quality workmanship and strong referral network. Basic alterations might be provided by dry cleaners and/or clothing stores but they don't compete in the more complex alteration space. |
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| Owner
willing to finance:
Lender pre-screened with $100K down. |
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| Owner
willing to train:
Will train for 8 weeks @ $0 cost. |
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| Reason for selling:
Owner is ready to retire. |
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Seller Reference Number: 3602-17218
BusinessMart.com Listing Number: 287612 |
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