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I don't want to dampen anybody's entrepreneurial spirit, but the explosion of custom hatters over the past decade has been quite the show.
For a while there, we were getting folks every other week asking where to find beaver felt bodies.
I have no idea if the market is underserved or overserved but I do know some of the established custom houses have huge wait lists...a year or more. So more than a few folks are buying custom hats. I know of two Western hat makers that as of this summer stopped taking orders as their book was over a year long and the owners were not comfortable in letting get any longer. Most of the hatters I deal with are not taking repairs or refurbs at this time unless it is favour to a good client. I suspect the hat making field is like any other small business....some will thrive, some will struggle and some will fall by the wayside.