Fireplace Sales And Service Business for Sale With Real Estate
Fireplace Sales And Service Business for Sale With Real Estate
Price: $4,900,000
Location: Suffolk County, NY
Industry: Construction
Listing ID: RaptID 5592
The company sells & installs new equipment & provides fireplace repair & chimney cleaning services. The residential line includes traditional wood fireplaces, wood inserts, wood stoves, direct vent gas fireplaces, gas stoves, gas log & contemporary glass/stone sets and fireplace doors. The seller owns the RE and will consider selling the business with a lease at $1.975MM, or the business & RE for $4.5MM. The business has strong financials & SBA lending is available for this acquisition.
The seller had no prior industry experience & appreciates that the buyer may have a similar background. He is willing to remain to train the buyer for up to a year.
The deal has been reviewed on an SBA basis (cash flow) & priced as a total package (business & RE) for $4.5MM. Real estate on the east end of Long Island is in demand and prices are rising. The actual deal allocation may differ to satisfy the bank and/or buyer requirements, but the asking price will remain the same.
Total Sales: $3,480,000
Cash Flow: $680,000
FFE Included: Yes
FFE: $125,000
Reason For Sale:
Owner has reached retirement age.
Training & Support:
Owner will remain for up to a year to assure a good transition and to train the buyer, if necessary at a fee to be negotiated.
Year Established: 1996
Employees: 11
Type of Location: Owned
Square Footage: 3,000 square feet
Facilities Information:
The business is conveniently located on the east end of LI, on a main artery, in a well-maintained, middle-income community. The property includes an ~1,500 sq. ft showroom & ~1,500 sq ft basement (warehouse), situated on an ~1/3-acre irregularly shaped lot, with ample room for parking and storage.
Competition:
Current owner has a large book of business that is backed up with scheduling. Plenty of clients to maintain future business.
Potential Growth:
The east end of LI is becoming more of a year-round community and the population is expanding. Ownership is having diffficulty keeping up with the new business and there is room for growth by increased advertising, hiring additional technicians and increasing the fleet.Ownership has hired unskilled techs and trained them in the business..
Financing/Terms:
SBA financing of $4MM is available to a qualified buyer.
For more information on this listing, please complete our Non-Disclosure Agreement
