55 yr old fireplace, hearth, outdoor kitchens & grills sales/inst. co.

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Asking Price:
$1,295,000

Gross Revenue:
$1,500,000
Cash Flow:
$400,000
EBITDA:
$333,000
Inventory:
$80,000
included in asking price

FF&E:
$75,000
included in asking price

Real Estate:
$400,000
not included in asking price

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Business Description

Nedrow Business Advisors is selling this 3rd Generation, 55 year old fireplace/hearth/inserts/outdoor grills and kitchens sales and install company with a showroom and two warehouses. This company has a fantastic reputation, tremendous repeat business with contractors/builders, and referrals. Steady growth each year. This company services new construction as well as existing homes and also sells and installs efficient stoves. Owners are ready to retire. New owner will be buying a well established company with a great reputation in the industry and in the community. This business is growing year after year and the potential for increase in revenue is tremendous. www.nedrowba.com

About the Business

Year Established:
1962
Number of Employees:
3
Relocatable:
Yes
Real Estate:
Owned
Building Sq. Ft.:
6,500
Facilities:
2,000 sq.ft. showroom with displays and products. 3,200 sq.ft. warehouse with a second detached warehouse of 1,300 sq.ft. 2.5 acres total.
Website:
nedrowba.com
Market Outlook/
Competition:
This business has a long standing reputation amongst contractors, builders, and others in the industry for quality, as well as, continued service. This company also has a reputation from customers of being the most knowledgeable in the industry. Located in north Texas with access to markets across north central and northeast Texas. This company carries the most reputable and warrantied products on the market.
Growth & Expansion:
This company has steady growth year after year and a great reputation without any advertising or marketing. By adding employees, advertising, and marketing, there is tremendous potential for growth. Up to this point, word of mouth has been the best advertisement.The cons are that more advertising could be done and a better job in marketing could also be done.
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About the Sale

Reason For Selling:
Family Relocation
Training/Support:
Both husband and wife team are willing to stay for one year transition period to hire and train their replacements.
Seller Financing:
up to 10%

Listing Info

ID:
1539606
Ad Detail Views:
295

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Business Listed by

Craig Nedrow

Nedrow Business Advisors

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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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