Well Established Dressmaker Business For Sale

Business
Please quote reference B08226

CoGoGo are delighted to welcome to the market Lacings a well-established and highly reputable dressmaking and alteration business, located in the bustling coastal town on Walton on the Naze, Essex. 

Founded in 2011, the business has successfully carved a niche in the local market, offering a wide range of bespoke tailoring and alteration services. 

Services Offered:

• Corsets
• Fancy Dress Creation and Alteration
• Hand Sewing and Fine Detailing
• Hem Adjustments and Repairs
• Lacings
• Majorette
• Prom Dress Alterations
• Wedding Dress Alterations
• Zip Repairs and Replacements
• Sales of Sewing Machines

Lacings also specialises in creating bespoke cushion covers for both touring and static caravans, with two caravan parks located in Walton on the Naze. The area boasts a busy boating community that frequently requires custom cushions and cushion covers. In addition, Lacings regularly handles curtain alterations and shortening services. While the business does not currently produce new curtains, this could be a valuable addition to Lacings product offerings in the future.

Business Strengths:

• Established Reputation: With over a decade of experience, Lacings has built a trusted name known for quality. precision, and personalised services.
• Prime Location: The business is strategically positioned in a high footfall area, capturing a wide range of customers from locals to tourists.
• Diverse Service Offerings: From everyday alterations to specialised garments like wedding dresses and performance costumes, Lacings caters to a broad audience. 
• Loyal Client Base: The business enjoys a strong repeat customer base, bolstered by word-of-mouth recommendations and local referrals.
• High-Quality Equipment: The stock includes approximately £2,000 worth of sewing machines allowing a seamless transition for the new owner.
• Additionally, they serve an aging population with multiple care homes nearby. Our client offers a mobile service for individuals residing in these facilities, as well as those living at home who may have limited mobility and are unable to travel.

Opportunities for Growth:

• Enhanced Marketing and Advertising: Currently, the business benefits from its location and word-of-mouth referrals. There is significant scope to increase visibility and attract more customers through targeted online advertising, social media campaigns, and local promotions.
• Website and Online Presence: Developing a professional website with an integrated booking system can streamline customer interactions, showcase services, and reach a wider audience. Additionally, online reviews and testimonials can further build credibility.
• Expansion of Product Lines: Introducing complementary products, such as fabrics, sewing kits, and fashion accessories, can create additional revenue streams and attract hobbyists and DIY enthusiasts.
• Workshops and Classes: Offering sewing workshops or one-to-one classes can appeal to individuals looking to learn dressmaking and sewing skills. This not only adds a new revenue stream but also positions Lacings as a community hub for sewing enthusiasts.
• Partnerships with local businesses: Collaborating with local bride shops, boutiques, and performance groups can drive referral business and foster mutually beneficial relationships.
• Extended Opening Hours: Extending business hours to include evenings or weekends could cater to customers who are unable to make it during regular opening hours, increasing overall sales.
• Social Media Engagement: Leveraging social media platforms like Instagram and Facebook to showcase before and after transformation photos, behind the scenes content and customer testimonials can significantly enhance brand visibility and engagement.

Lacings offers a fantastic opportunity for an aspiring entrepreneur or a seasoned dressmaker to take over a well established business with immense potential for growth. With the current owner’s desire to retire, this is a rare chance to acquire a well-loved business in a prime location, with everything in place to continue it’s success.

For further information, financial details, and to arrange a viewing, please contact CoGoGo today!

Location
Situated in a prime location with high foot traffic and excellent visibility, Lacings benefits from a steady stream of walk-in customers and repeat business from loyal clients. The shop’s inviting atmosphere and excellent craftmanship have earned it a stellar reputation in the community, making it a go to destination for all dressmaking and alteration needs.

They are currently seeing the construction of several hundred homes in the Walton-on-the-Naze area, creating opportunities for more business.

Premises
Nestled on a bustling road, this dressmaking business occupies a charming single-fronted shop that catches the eye of passersby. Its vibrant signage, artfully designed with elegant fonts, instantly draws attention.

Tenure
This opportunity is being sold on a Leasehold basis with 2 years remaining on a 7 year lease.

The current rent is £270 per month (no rates payable).

We are advised that a lease extension can be discussed with the Landlord.

Hours
The current operating hours can be made available upon further request.

Staff
The business is run and managed by our client.

Financial Profile
Full financials can be made available upon further request.