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Reduced Price: Profitable Wedding/Prom Alterations For Sale

Not Disclosed, Pennsylvania, US
Asking Price:
$675,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$709,888
Cash Flow:
$427,549

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!

Property Information

Real Estate:

Lease

Premises Details:

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.

Business Operation

Expansion Potential:

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.

Competition / Market:

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.

Reasons for selling:

Owner is ready to retire.

Trading hours:

Tues-Thurs 9am-5:30pm; Fri 9-1pm; Sat 8-12pm

Employees:
5 FT/1 PT
Years established:
36

Other Information

Support & training:

Will train for 8 weeks @ $0 cost.

Financing available:

Lender pre-screened with $67,500 down.

Furniture / Fixtures value:
$40,000 - included in the asking price
Inventory / Stock value:
$7,500 - included in the asking price
Relocatable:
This business can be relocated.