Reduced Price: Profitable Wedding/Prom Alterations

Business Overview:

For 35 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) continuing to grow since the end of Covid-19 restrictions. For 2023, the business realized a year-over-year growth in Revenues of 12.7% and Seller's Discretionary Earnings of 19.4% which built off of record results achieved in 2022.

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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Property Features and Assets:

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.

Assets = $47,500

Market Competition and Expansion:

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. 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.

Reason for Selling:

Additional Details:

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