What should I do in the first months after buying a tailor or alterations shop?
Start with the garments on the racks. After buying a tailor or alterations shop, sort out every order in progress and its promised date, keep the seamstresses or tailors who do the work, service the machines, and get the tag-and-ticket routine running smoothly before the next seasonal rush arrives.
Pre-purchase checks are covered elsewhere. Once you own the shop, the racks are full of other people’s clothes, each with a promised date. A customer does not care that the owner changed. They care that the hem is ready on the day they were told. The first months are about keeping that promise unbroken.
Sort the orders in progress
On day one, go through every ticket. Match each garment to its tag, its customer, its work description and its due date. Call anyone whose order is late or unclear. Ask your lawyer who is responsible for damage that happened before closing, and confirm your insurance covers customers’ garments from the first day.
Keep the people who sew
The skill sits in a few pairs of hands. Meet each seamstress or tailor, learn what they handle best and agree how they are paid going forward. If one person does the bridal or suit work, find out early whether they plan to stay, and ask what would help them stay.
Plan for seasonal rushes and upkeep
Weddings, graduations and the change of seasons bring waves of work. Look at last year’s tickets, if the seller kept them, and plan staff hours around those peaks. Have a technician service the machines before the rush, and keep the tag-and-ticket routine exactly as customers know it until you have a better one.
Related reading
10 pages on the same subject, grouped by topic.
Buying
- Expert answerWhat should I check before buying an alterations or tailor shop?
- Expert answerHow do I find a tailor or alterations shop for sale?
- Expert answerShould I buy an existing alterations shop or start one at home?
- Expert answerHow do I find a bridal shop for sale?
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Selling
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 02Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 03Business Development Bank of CanadaGovernmentWhat are financial statements?
- 04Business Development Bank of CanadaGovernmentWhat is inventory
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