Fireplace & Stove Retail Store & Service Business

Asking Price:

$1,400,000

Financial Overview

Revenue:
$1,779,132
Income:
$260,569

Business Description

For sale is a 37-year-old, A+ BBB rated business with a retail store/ showroom located in Connecticut that sells and installs 26 different models of fireplaces and stoves. In addition to the retail store, they also do significant revenue with a complementary business that provides chimney sweep and repair services.  The chimney business serves over 7000 of its customers regularly. The stove business has a gas database and a pellet stove database that they regularly serve.

**$100,00 in inventory and $60,00 in trucks/ company vehicles included in purchase price.**

Each business compliments the other perfectly and offer the new buyer two different income streams thus increasing business financial stability and lessening risk due to potential economic downturns. Both businesses are being sold together.

Established in 1984, the chimney sweep side of the business grew profitable enough to add fireplace and stove installation and service in 2004.  Both businesses have grown steadily over their lifetimes, especially in the last five years, with next year’s growth projected at 20%. As a result of several decades of dedication and hard work the owners have built two established businesses with 2 diverse income streams, each of which offset the risk of the other, allowing them to consistently enjoy
lucrative profits year after year.

The owners also sell and install awnings and are currently in the process of growing that side of the retail business.

This company also has a corner on their market in the two counties they serve. Because of industry restrictions, competitors can’t sell the same products online or from the same dealer.

 

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