Retail Installation, Service and Sales of Hearth & Patio Furniture

Bucks County, PA

Seller Financing Available
Hearths & Fireplaces
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Asking Price: Get Financing: $535,000

Cash Flow: $257,000

Gross Revenue: $1,245,000

EBITDA: $257,000

FF&E: $25,000

Inventory: $150,000*

Real Estate: $1,200,000*

Established: 1978

*not included in asking price.

Retail Installation, Service and Sales of Hearth & Patio Furniture

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Business Description

Established Service, Installation and Retail Sales Opportunity

This business represents a once in lifetime opportunity to acquire a 40-year historical tradition, fully staffed, turnkey operation that has achieved a proven history of six figure income. The Company is a retailer and specialty trade contractor specializing in the sale and installation of fireplaces for residential applications. The business offers a beautiful selection of the finest hearth and fireplace products, outdoor patio furniture, awnings and barbecue grills, and has developed key relationships with an established list of preferred vendors. A trained and skilled management team is in place, and the Ownership is willing to stay and train to assure a smooth and seamless transition. The business has various multiple revenue streams with a focus towards the retail, installation and service sectors of this industry. Ideally located in the affluent Bucks County, Pa area, this opportunity will surely go fast!!!

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
6,000
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company operates from a 6,000 square foot facility, which it Leases from the Owner of the Company. The building has a loading dock for receiving and shipping merchandise. There is ample parking for all customers on the macadam paved parking lot surrounding the building. The building is owned by an entity controlled by the Owner. The current rental is $6,750/month plus CAM. The Seller is willing to enter into a long-term rental Agreement and would consider selling with an option to purchase the real estate.
Competition:
The opportunities for growth are limitless in the technology and social media arena. The development of an e commerce web-based site and mailing list, as well as a more aggressive marketing plan could instantly add value and increase revenues.
Growth & Expansion:
Hearth sales are projected to rise 15% in the next year. This is a niche market which also requires service and installation which the big boxes cannot offer. Awning sales are expected to increase 100% in 2018. The company recently expanded into this category and the ability to install and service positions the company for this rapid growth. As awning and hearth sales increase, service and installation exponentially increase as well. Explore the commercial side of the business and attempt to sell and install to real estate home builders. Unlimited upside.
Financing:
Possible
Support & Training:
The current owner is willing to stay on as needed to mentor and teach the new owner all the nuances of this business. All the "key" employees would stay on with the new Owner. This would include complete introductions to existing customers, purchasing new products, intros to vendors and the day to day running of the business to ensure a smooth transition.
Reason for Selling:
Health Issues and Retirement
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Stan Rubinstein, Esq.

Business Listed By:
Stan Rubinstein, Esq.

Philly Business Advisor

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