Launched in 2012, this custom tailored suit business sells high-quality suits and accessories manufactured in Europe using only the highest quality fabrics from the mills of Italy and England. Known for their quality and durability, they have strong sales from both new and repeat customers.
With 40% of sales in the trailing twelve months coming from repeat customers, and an average order value of about $658, ad spend could be ramped up significantly to take advantage of the increased customer lifetime value from all of the repeat orders.
Although the current owners have built an amazing and highly defensible business that runs like a well-oiled machine, the business has plateaued, and they believe they have taken it as far as their skill set allows. After 6 years of blood, sweat, and tears, they are looking to try something new. A new owner with some vision and the right skillset has a great opportunity to take this business to the next level.
Sale Pending: Yes
First Seen: Thu, Nov 15th 2018
Last Updated: Thu, Feb 21st 2019