Asking Price: $425,000 Gross Revenue: $1,245,000Cash Flow: $257,000EBITDA: $257,000Inventory: Not Disclosed FF&E: $25,000 included in asking priceReal Estate: $1,100,000 not included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Number of Employees:
Building Sq. Ft.:
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 real estate may be purchased as as separate transaction valued at $1,100,000 or leased with an option to purchase.
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.
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.
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.
Service, Installation & Sales of Hearth & Patio Furniture
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the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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