Catylist ID:
#30803174
Southern Maine Fireplace, Stove, and Insert Business
Undisclosed Address, Maine
Business Opportunity
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30803174 |
| Property Subtypes: | Building and Construction Services |
| Status: | Pending/Contingent |
| Building Size (RSF): | See Agent |
| Sale Price: | $995,000 |
| Gross Revenue: | $0 (Annual) |
| Cash Flow: | $0 (Annual) |
| Last Updated: | 5/25/2023 |
Overview / Comments
|
This business was founded in 2006 by the current owners. The company operates as a Subchapter S corporation and is looking to transfer the business as an asset sale. They transform or update rooms new or old, with new, efficient gas, pellet, or wood fireplaces, inserts, or stoves. Over the years, this business has grown into an extremely strong and profitable business. The company prides itself on offering a well-trained team of technicians, selling, installing, and servicing many major brands. The company stocks all the necessary parts to service and clean the products that they sell. They also sell pellets and accessories such as ash vacuums, pipe brushes, cleaning supplies. Due to seasonality trends in this business, an owner is fortunate to be able to take more time off to enjoy beautiful Maine summers when business demands are less intense. When the cold weather descends on New England in the fall, as the weather worsens and spending more time indoors becomes the norm, business ramps up and continues at a livelier pace until late spring. |
Additional Details
| Industry Segment: | Architecture and Int. Design |
| Value of Inventory Included ($): | $0 |
| Value of Furniture, Fixtures, and Equipment ($): | $321,400 |
| Value of Real Estate Included ($): | $0 |
| Real Estate Lease Description: | Lease includes two showrooms and a garage in the main building which is 3900 square feet and a separate 5000 square foot garage across the parking lot. That air-conditioned building includes two showrooms with 40 display units, an office, front desk area, and a half bath, In 2016, the separate garage was constructed and includes 140 feet of pallet racking and is heated and dehumidified. The buildings sit on two lots totaling 2.4 acres. The sellers, who own the property are willing to rent the entire property for $2100 per month. |
| Employee/Labor Description: | In addition to the owner who manages the business and works in the showrooms and his wife who is the bookkeeper and also helps in the showroom, there are two employees who are primarily responsible for the installation of the products sold and one employee for service. All three employees are planning on staying on after the sale. |
| Mgmt/Training Support Description: | Seller is willing to train for two weeks at no charge but is also willing to stay on for up to two seasons, September through April, as part of the transition and in a support capacity, as negotiated. |
| Competition/Market Description: | This company feels that their products and service compare extremely favorably to their competition, the closest of which is over 25 miles away. Satisfied customers create an extremely strong repeat following complemented by word-of-mouth referrals which keep this business a step ahead of their competition. |
| Growth/Expansion Opportunities: | The sellers believe that by making the following adjustments to the business model, which they have discussed but not yet implemented, revenues and profitability will be positively impacted.: -bring on a more dedicated sales team -open Mondays and all-day Saturday during the season -hire additional installers -send out cleaning and service reminders to customers which the sellers believe will create a 9% increase in upgrades and parts -add chimney sweeping, chimney repointing, and chimney repairs to services offered -increase advertising which is currently minimal |
| Seller Financing Description: | Seller may be willing to offer minimal owner financing to qualified buyers depending upon the strength and the terms of the deal. |
| © Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions. |
