It has been a successful run for this family-owned fireplace business, spanning more than 60 continuous years of providing quality craftsmanship and expertise in the industry. The third generation owner operator is now at retirement age and looks forward to transitioning his business to just the first non-family owner. His nearly 50 years of outstanding stewardship could be your opportunity to purchase a well-known and highly respected business.

The business occupies a 3,000 square foot leased retail showroom in an attractive newer strip mall in a highly desirable West Michigan suburb. The showroom is impressive, complete with the most current product lines, accessories, and high-end designs. Additionally, there is a large retail space, fully operating work area, and abundant storage for inventory. The showroom is also very accessible with ample parking located just a few steps from the front entrance.

Over the years this successful business has grown and adapted to the most current fireplace technologies to include gas logs, gas inserts, direct vent gas fireplaces, glass doors, fire screens, electric fireplaces, and custom fireplace design – in short, anything and everything to satisfy customers’ fireplace needs and wants. The owner works one-on-one with customers to design, build and install their perfect fireplace. The business also offers service/repair work for both new and existing customers, provided by a long-term, dedicated employee. Additional services (including electrical and mechanical work) are subcontracted to long-standing, independent contractors.

Now let’s talk about the deal itself. Historical annual revenues have ranged between $300,000 and $400,000, with average annual SDE (SDE = Seller’s Discretionary Earnings - the historical, normalized cash flow available to pay the owner/operator and service debt) approximating $70,000.

This business is being offered for $199,000, which includes nearly $100,000 of current, active inventory. With a modest down payment, a buyer will be able to step into this turnkey operation which includes the inventory, physical assets, and goodwill of the operation. And no banking is required on this deal. The seller will carry a sizable seller note enabling a qualified, but under capitalized buyer to step right into the business. The seller’s goal is to make this an attainable opportunity and a mutually beneficial transaction.

The seller looks forward to giving the successful buyer of this business ample transition training to assure that the new owner is knowledgeable of all things in this niche industry in general and in this business in particular.