Business Overview:
The Business for sale is a single-location, value-added retailer of alternative heating products. The Company’s comprehensive product offerings include outdoor and indoor wood and pellet furnaces/boilers and wood, pellet, coal and gas stoves, inserts and fireplaces, as well as ancillary products and consumables such as pellet and biofuel, hearth products, and other general merchandise. The business sells primarily to homeowners (95 percent of sales) with a small portion of business derived from the contractor trade (5 percent). Customers primarily come from a 50-mile radius of the retail location. The business is well poised to take advantage of strong market demand conditions. Fireplaces, stoves, inserts and other hearth appliances are one of the most popular features in American homes - half of all U.S. households (55 million) have at least one fireplace or freestanding stove.
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Property Features and Assets:
The Company operates from a two–building complex totaling 9,500 square feet, and includes a 7,000 square-foot main facility with a 900 square-foot retail showroom. There is also an adjacent 2,500 square-foot storage building. The property is owned personally by the shareholders and is available for purchase or a long-term lease at the prevailing fair market rate.
Market Competition and Expansion:
The Company’s strong customer relationships and long-standing reputation present exciting opportunities to increase market share. Exciting areas for more aggressive management to pursue immediate growth through the injection of capital and human resources are as follows: expanded business development efforts, geographic expansion, the pursuit of untapped markets, and the introduction of new product offerings.
Reason for Selling:
Growth capital
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: