Top-Tier Seamstress and Tailoring Services. Philadelphia, PA.
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Asking Price
$995,000
Detailed Information
Not Disclosed, Pennsylvania, US
Not Provided
NA
Business Description
For over three decades, this business has specialized in providing top-tier seamstress alterations and tailoring services for various occasions, including bridal gowns, formal attire for both men and women, custom veils, and wardrobe consulting. As more customers opt for off-the-rack gown purchases, there is a surge in demand for custom alterations, where this business excels. With a skilled team of seamstresses, the company has secured a leading position in the market, supported by a loyal customer base, strong referrals, and a diminishing competitive landscape in the Greater Philadelphia area and beyond. The business is experiencing continued growth, particularly in response to the resurgence of major events like weddings, proms, and formals following the easing of Covid-19 restrictions. In 2023, the company saw a significant increase in revenues by 12.7% and a 19.4% growth in Seller's Discretionary Earnings compared to the previous year, building on the record achievements of 2022