Lustro Comments

Discuss this Deal with other Investors

Old Flame Mending

Rebecca is growing Old Flame Mending to keep up with demand!

Print
Claim My Business
Security Type
Common Stock
Categories
Service Businesses
Location
PITTSBURGH, PA
Expected Close Date
September 04, 2023
Target Raise
$25.00K-$50.00K
Security Price
$1
Number of Employees
9
Cash
$1,971
Revenue
$58,698
Short Term Debt
$10,294
Cost of Goods
$3,363
Long Term Debt
$12,625
Net Income
$19,367

Company Description

Old Flame Mending is a sewing service that helps you keep your beloved garments and textiles out of the landfill through clothing repair, tailoring and alterations, and custom work. We serve the Pittsburgh area at our shop located in Avalon, a small suburb 5 miles from downtown, as well as take mail-in mending orders. We also offer classes, mending kits, and a seasonal clothing swap event. At Old Flame Mending, "We'll fix anything but a broken heart."

Key Deal Facts

Old Flame Mending won the 2022 Winner of Best of Pittsburgh Award for Tailors!, The business has an average 5-star rating on Google from over 40 reviews., Old Flame Mending has serviced over 6,000 garments, saving these textiles from the landfills, and has a goal to mend 9,000 garments by the end of 2023!

Amount Raised : $42,715
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

Common stock is a security that represents ownership in a corporation.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments