High-Growth Ecommerce Based Service in Bridal Industry
| Cash Flow: | $2,000,000 |
| Established Year: | 2019 |
| Rent: | $5,000/Month |
Industry Leaders Poised for National Expansion
Headquartered in Winston Salem, NC, in the heart of the historic garment district, this innovative, national ecommerce brand is recognized for its trusted brand experience and high YoY growth as it helps clients transform wedding gowns into heirloom gifts.
A family founded startup now in a major phase of national expansion, the team serve women from coast to coast via its seamless e-commerce-based service. Current team members include the most robust and technically trained team of designers/seamstresses in the country, and a passionate client care department offering high end serve.
Offering 50+ product choices to be made from wedding gowns, the IP includes 50+ product designs, instructions, patterns, training materials (production and client care/selling). This one-of-a-kind service has been built with scale in mind, so what feels like a highly personalized, boutique experience for the client operates efficiently behind the scenes like a cut & sew facility. From the custom-coded web experience, tech stack and advancing data reporting, the company has been built for growth.
Perhaps the most powerful brand asset is the company’s reputation – having served more than 12K clients. The company has a 500+ glowing client testimonials and powerful user generated review & videos, important for growth.
This is a prime opportunity for financially qualified individuals with marketing savvy, relatable business experience and ability to connect to our high-net-worth female customer base. There is strong synergy for strategic buyers in the bridal industry where demand for personalized gifting is a high growth sector and the business becomes an easy way to add a revenue stream to an existing retail business.
Sales have increased by 2X annually since inception, maintaining growth even during the COVID crisis. This business concept and growth potential allowed leadership to raise significant venture capital investment and win the NC Idea Grant in 2020.
The growth potential is massive as 70% of married women in the US are still storing at least one wedding gown, and 2M gown weddings occur in the US each year. The personalized gifts made from a family wedding gown serve multiple target markets as they become the perfect heirloom for occasions like bridal showers, baby showers, christening, holiday gift and more.
There is significant potential to expand the business with rev-share agreements from other wedding partners, and through a franchise-based model.
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