Hearth Shop with Pellet and Wood Fuel Business

Gloucester, MA
Essex County

1 mile from good harbor beach


Asking Price: Annual Revenue:
$200,000 $800,000

Services: Green Businesses - Recycling


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RE: Hearth Shop with Pellet and Wood Fuel Business Broker: Seller of Business

Quick Facts

Asking Price: $200,000
Annual Revenue: $800,000
Net Profit: $100,000
Cash Flow: $120,000
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: Not Disclosed
Year Established: 1978
Employees: 2
BBN Listing #: 993459174
Broker Reference #: Not Disclosed

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Business Overview:

Since 1978, cape ann chimney&hearth has been a leader on the North Shore, bringing clean,alternative heating and fuel to the area. Two to 4 people are needed to run this operation. Gross is 800,000. Current owner,starting in 1988, is ready to retire in may 2020. Rent is 2400.00/mo. for 4 units in a busy industrial park. Plenty of storage for 3-400 tons of fuel. Flatbed forklift and van included. 25 gas stoves on display. wood and pellet stoves need restocking for 2020. Vermont Castings,Valor,Ravelli,Astria,Iron strike,Morso,European home,Mendota.Regency ,Majestic,Hearthsone,Rais,Piazetta,Blaze King brands sold. Northern Warmth douglas fir, new england wood pellet, biobricks sold. Take over May 1st. owner cell 781-953-4260. capeannchimney.com for photos.

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Property Features and Assets:

7 units in a leased bld. in an industrial park. lots of traffic. been there since 1994.

Market Competition and Expansion:

On a resort cape,(cape ann ma.). Nearest competition 120 miles away. no one else on cape.

Reason for Selling:

retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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