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- RE: Chimney & Fireplace Enterprise
- Contact: John Kraft
Quick Facts
| Asking Price: | $1,200,000 | |
| Annual Revenue: | $825,369 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $305,426 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1991 | |
| Employees: | 4 | |
| BBN Listing #: | 1001186 | |
| Broker Reference #: | 1017-19162 |
Business Overview:
Solid "Blue Collar Service Business" is now FOR SALE! Everything is in place for a New Owner, and the Seller will remain for up to one year to make the Buyer Successful with training and transitioning. This is a very profitable 30-year-old business that has developed a wonderful reputation with steady referrals and repeat customers.
The company's services include chimney sweeping/repair, woodstoves, fireplace inserts and Dryer Exhaust service and sales. Plus, a wide selection of other retail products and services.
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Property Features and Assets:
This business is located on the property of the Seller, including his home in North Florida. The gross square footage of the office and warehouse is approximately 7,000 S/F and is owned outright by the Seller. Rent for a new owner will be only $4,000 per month for up to one (1) year. This monthly lease amount, $6.85 per square foot, is substantially below rent for comparable commercial locations. The lease is priced substantially below market rates because at the end of the first year, the new owner will be required to relocate to another more appropriate commercial location.
The office space has a small kitchenette area, conference room, and restroom. This business has excellent phone & cable service, and all 3 office workstations have access to high-speed internet.
In the shop/bay portion of the warehouse there is room for up to four vehicles which provides secure storage and keeps the equipment out of the elements. The warehouse is outfitted with running hot and cold water, washer & dryer (for daily drop cloth cleaning), and a utility sink. The warehouse has 5 bay doors with manual open/close (pull chains) for 3 of them and the other two bay doors have electric motors with wireless fobs to open/close.
With the company sale, the majority of the warehouse can be continued to be rented up to one year. This would allow the buyer ample time to find a suitable new commercial site to relocate this business.
Assets = $812,798
Market Competition and Expansion:
Very strong market position. This firm is easily number one among all the competitors within 100 miles of their North Florida location. They are the only company which runs multiple service trucks on a daily basis in their North Florida territory. Over the past 32 years the company has seen other companies come and go. Currently, there are few survivors with only a very small handful of industry competitors.
This firm has also set themselves apart as the most knowledgeable experts in the area. It is not unusual for a competitor to refer business to them when they feel uncomfortable or unknowledgeable enough to tackle a more complicated job themselves. This firm is very proud and appreciative of the relationships that they maintain with most of their competition. Competitors, Realtors, and existing customers have provided an excellent source of referral business for this firm.
The market area for this business is around 75 - 100 miles from the company's headquarters in North Florida. There are several ways the current business model and marketing plan could be expanded to capture additional business and new customers. Creating Annual Service Contracts would be a good idea and help solidify cash flow amounts with steady jobs year around. For additional growth, other services could be added such as masonry fireplace facing veneers, and tear down and rebuilds of chimneys. Additionally, marketing efforts could be efficiently and economically increased with expanded and better use of social media. This company has a story to tell, and their products and services would provide interesting and inviting "copy" for online videos and/or other social media and internet outlets.
Reason for Selling:
Preparing to retire. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Florida businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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