This business is selling with a 44% profit margin and a 2.75 multiple! This well-established business designs and creates custom costumes for dancers, gymnasts, and figure skaters. Established over 20 years, this is one of the oldest custom costume design companies on the market. Located in the Greater Toronto Area, their clients include dance & gymnastics studios, figure skating companies, and solo clients looking for costumes. Products designed include leotards, skate dresses, and unique dance costumes for performances.
There is an experienced team of 8 employees, including 2 fashion designers and 6 seasonal employees. The typical season runs from September to May, where production is high. Orders are placed in the beginning of September and are delivered in early spring. Each order can take anywhere from 4-6 months for larger clients, while solo orders can be completed within a shorter time frame.
The 7,000 square foot facility has multiple office spaces, a lounge area, a meeting/design room, along with industrial machines to create the finished products. The current owner conducts design meetings and does general oversight. The owner is willing to assist for 3-6 months. With an excellent reputation and customer service, this business has had recurring clients for over a decade!
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