Description

Owner retiring from this forty-year young retail Fireplace accessary company which successfully installs, services and maintains high quality fireplaces in the New Jersey metropolitan area. The company has a gross yearly income of $2,764,055 and a consistent yearly net income of $334,879. This is a family run business, that is committed to customer satisfaction, service and quality workmanship. They are proud to offer a wide selection of quality brands with a substantial mark up to the company. Their knowledgeable sales staff will assist in choosing the right product to meet their customer’s needs. Their installations are performed by their trained and licensed employees, they do not use subcontractors, so the company fully controls the sale, increasing the profit to the company and streamlining the service process. Once the installation is complete they are available to service the products that they have sold. They are proud of their carpentry department which allows them to offer their customers, custom mantles and wall unit designs. They work closely with their customers to design, build and finish the fireplace of their dreams. Sometimes the dream comes from something they’ve seen in a magazine or online. Fireplaces have changed during the past years, and technology has substantially changed the industry. The company has a reputation offering the best quality service and product in the industry. In addition to fireplaces, mantles and interior/exterior stone, the company has expanded their service to include Chimney Cleaning, Fireplace Cleaning, Gas Fireplace Service and Gutter cleaning. Their custom carpentry and finishing shop can design your specific fireplace and make that dream possible. The business assets, based on replacement cost has an estimated value of approximately $470,000. The sale consists of a fully equipped commercial retail warehouse, an attractive showroom, various offices and a professional carpentry area. The sale includes vehicles, POS system, tables, computers, software a fully equipped plant, including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This company has twelve employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll of approximately $20,000. The seller will supply a long term commercial lease which will expires 2031-01-01 plus options to purchase the property, with a monthly rent of $12,000, NNN, cost per square foot is $10.30 and rent security of $12,000. The business is located in a free stranding facility on a state highway and consists of 14,000 square feet with a capacity for approximately thirty-five customers. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active six to seven days per week based on the particular season, with hours from 9:00 am to 6:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. The company has non contract agreements with various wholesalers for the various products they offer to the general public. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service.

Posted Oct 7, 2016

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