Reduced Price: Profitable Wedding/Prom Alterations
| Asking Price: | $675,000 |
| Gross Revenue: | $709,888 |
| FF&E: | $40,000 |
| Cash Flow: | $427,549 |
| Inventory: | $7,500 |
| Established Year: | 1988 |
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!
