Service, Installation & Sales of Hearth & Patio Furniture

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Reduced and Motivated to Sell Quickly-Business and Real Estate
Asking Price:
$435,000

Gross Revenue:
$1,245,000
Cash Flow:
$257,000
EBITDA:
$257,000
Inventory:
$125,000
not included in asking price

FF&E:
$25,000
included in asking price

Real Estate:
$1,115,000
not included in asking price

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Business Description

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, service 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!!! The Real Estate is also offered for sale as part of the sale.

About the Business

Year Established:
1978
Number of Employees:
5
Real Estate:
Owned
Building Sq. Ft.:
6,000
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. The Real Estate is offered for at $1,115,000.
Market Outlook/
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.
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About the Sale

Reason For Selling:
Health Issues and Retirement
Training/Support:
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.
Seller Financing:
Possible

Listing Info

ID:
1483638
Ad Detail Views:
492

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Business Listed by

Stan Rubinstein, Esq.

Philly Business Advisor

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U.S. Census Data for Bucks County, PA
Age

Gender

Ethnicity

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

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Bucks County, PA
Income

Education

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

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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