The company operates a men’s & boys tailored clothing store located in the Midwest. Offering one of the largest selections of men’s & boy’s tailored clothing, formal wear and sportswear in its market, the company offers their customers “one stop shopping” which turns out to be extremely enticing to the average male customer as they prefer to shop for what they need and “get it over with” all under one roof.
The company’s retail location is more than 5 times the size of the average men’s clothing store. This enables the company to offer an extensive selection of suits, sportcoats, trousers, shirts, ties, shoes, belts, sweaters, sportswear, seasonal outerwear, socks and hats, all under one roof. Men’s suits is the largest apparel category, representing ~40% of sales. Sportcoats & dress shirts are the next two largest categories.
The company attributes many years of success to offering three or more different price points in every category they sell. This allows the customer base to be very diverse in socioeconomic backgrounds, and every customer can find an outfit to fit their needs. Combining these different price point categories and selections with exceptional concierge level service to customers provides the company with a high level of repeat customer business.
Sales have been growing strongly coming out of the COVID impacted period 2020-2021. 2023 sales were a record $5.3 million, compared to $3.5 million in 2019. The Company does very little digital marketing-a growth opportunity for a buyer..
