Fireplace & Grill-Wholesale and Retail
| Asking Price: | $1,500,000 | Inventory: | $600,000 ** |
| Gross Revenue: | $900,000 | Real Estate: | n/a |
| Cash Flow: | $200,000 | FF&E: | $50,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This landmark family owned business sells fireplaces, mantles, gas logs, wood burning stoves, fireplace accessories, and also has a comprehensive barbecue center! It is the exclusive dealer in the area or state for many of its product lines. Best of all, the well trained staff are experts at helping customers get exactly the right product that meets their needs; plus they service everything that they sell. The company has a large wholesale presence. Many of the areas home builders rely on this company to provide them with the fireplaces that they are installing in the new new homes that they build or remodel. They could go anywhere-and they go to the best. Several of the current employees have a contractors license, but the new owner should be a contractor or plan on becoming licensed within a reasonable period of time. Growth opportunities abound. Because the owner is near retirement, he has not engaged an outside sales person to work with real estate developers. A new owner should. Also, because there is so much land available at the site, summer products should be brought on: sheds, hammocks, porch furniture. With the high cost of heating oil, people are looking to cut down on their heating oil bills by adding wood burning stoves, pellet stoves, and gas fireplaces. The future has never looked brighter! The business is booking in 2008.
About the Business
Year Established:1977
Employees:4 full time -
Facilities:This first rate showroom and warehouse is located on a main route and has been at this location for 14 years. The showroom is 5000 square feet which allows for an unparalleled display of merchandise. It also has a front counter area and a private office. The warehouse is 7500 square feet .
Market Outlook and Competition:The outlook has never been better! With high energy costs, people are putting in gas and pellet fireplaces to reduce their energy costs. Enough space to add more summer product lines.
About the Sale
Reason For Selling:Retirement.
KEYWORDS: Fireplace, Barbeque, BBQ, Retail, Rhode Island, Executive, Wholesale, CaSh FLow
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