Fireplace Hearth Retail business

Rockland County, NY

store front
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Asking Price: $125,000

Cash Flow: $97,123

Gross Revenue: $600,000

EBITDA: $97,123

FF&E: N/A

Inventory: $75,000

Rent: $1,269 /Month

Established: 1996

Fireplace Hearth Retail business

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Business Description

Fireplace and hearth retail store, showroom, sales and installations

We sell and install Fireplaces stoves and inserts that burn wood, pellet and gas, from top name manufacturers, Heat and Glow, Harman, Vermont castings, Regency. We sell accessory items for the hearth that include wood racks, fire-pits, tool sets, cleaners, steamers and more. We also have recurring pellet fuel sales.
The sale is for our business name, reputation, our processes and all inventory. The inventory is the majority of the asking price.

Detailed Information

Location:
Rockland County, NY
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
12/31/2019
Employees:
2
Facilities:
Current showroom can be leased up to 6 months then the showroom will need to relocate. Current rent is $1,270/mth. Plus utilities. Sale includes current inventory of units, vent pipe and accessories as well as functioning showroom display units that can be sold. The inventory makes up the majority of our asking price.
Competition:
The market is roughly a 30 mile radius from our store in Hillburn, NY. There are 2 other hearth stores we complete with in our market. We are unique in that we sell the Heat and Glow and Harman product line and the other stores do not. We also provide first class installations, and service.
Growth & Expansion:
We have always focused on the existing homeowner market which is very seasonal. The new construction market, selling to builders, has growth potential as well as year round sales. Also adding a line of pool or hot tub sales and service in the summer months is a growth option.
Support & Training:
We will supply support and training for two weeks 20 hours /week, total 40 hours. We will include additional phone support for 1 month.
Reason for Selling:
We are expanding into plumbing and electrical, and need to divest fireplace.
Business Website:
http://www.fireplacesbydesigninc.com
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Business Listed By:
Walter Goldman

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