Southeast Fireplace Store

Business Description

A 27-year-old fireplace and accessory store with two locations in the Appalachian mountains is for sale. The company serves homeowners looking to enhance their living spaces with quality heating and outdoor products. Products offered include wood fireplaces, wood burning inserts, wood stoves, gas fireplaces, gas stoves, gas inserts, gas logs, pellet stoves, pellet inserts, outdoor fireplaces, grills, Viking appliances, and accessories.

The company does minimal advertising. Most of the growth comes from word-of-mouth and general contractor referrals. The company experiences two peak seasons. One is in the spring and summer months, with clients building new construction homes, and the other is in fall/early winter during the heating season. With pricing similar to competitors, the average fireplace order in 2023 ranged from $8 to $12K.

There are 4 employees, including 2 managers, remaining with the buyer. No specific licenses or skills are required for the buyer; however, general business acumen and construction knowledge would be beneficial.

 

2021 2022 2023 Jan – Sept 2024
Revenue $2,479,812 $2,570,573 $2,444,772 $1,650,918
Earnings $460,893 $354,782 $423,633 $408,819

Financial Overview

Asking Price: $1,300,000

Revenue: $2,498,386 (3 Year Avg)

Income: $413,103 (3 Year Avg)

Multiple: 3.14x

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