Silicon Valley
San Jose Metro
San Francisco Metro
San Francisco Bay Area
Fireplace Equipment & Installation, Retail & Wholesale, Profitable
This business offers everything any northern California customer could possibly want related to fireplaces — mantels and hoods, inserts, wood stoves, outdoor barbecues and fire pits, gas logs and burners, surrounds, doors and screens, accessories, etc., plus installation.
In business for a decade, this store is the “go to” place for the discerning fireplace devotee … whether they’re a homeowner, contractor, or real estate developer. They are designers, fabricators, installers, and general contractors; but, the business has been planned and developed so that a new owner with no technical expertise or prior industry experience can step right in and grow the business even more. They are authorized re-sellers for well over twenty fireplace brands.
A successor would infuse the company with new energy, enhanced marketing exposure, an expanded territory, outside sales, and possibly complementary lifestyle product offerings such as spas, saunas, outdoor patio structures, and water features.
The business is an excellent acquisition target for (1) a contractor already in the industry, (2) a retailer already in the industry, (3) an individual with entrepreneurial zeal, (4) a hands-on owner operator looking for a turn-key successful business, or (5) an absentee or semi-absentee investor who will hire operating management.
Financials. The owners report annual sales of approximately $2,150,000 with Seller’s Discretionary Earnings (“SDE”) of over $770,000. The business is definitely SBA loan eligible. Complete historic financials (federal tax returns) will be made available to serious bona fide buyers only after a preliminary discussion with the broker and owner.
The Transaction. The deal structure will be a sale of all assets (including all physical assets, trademarks, good will, name, customer records, etc.,) except accounts receivable, accounts payable, and cash on hand. The business is offered at an asking price of $1,100,000 (approximately 50% of gross sales; 1.5x SDE), plus saleable inventory at cost (typically ~$300k). Partial seller financing may be available to a qualified buyer. The seller may be somewhat flexible on the total price depending on the deal structure, financing, and timing.
The Seller is very open to a reasonable transition period in order to assure that the new owner is fully trained and that existing business is retained.
PLEASE, SERIOUS BUYERS ONLY! The owners are busy building the business and do not want to be distracted by casual inquiries. Prospective buyers will be required to sign a non-disclosure agreement (“NDA”) and provide evidence of financial ability. SBA financing should be available to a qualified buyer.
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.
Lease
San Jose Metro
San Francisco Metro
San Francisco Bay Area
Operations
Closed Saturday and Sunday
Highlights
- Semi-Absentee Potential
- Market Leader
- Recurring Business-to-Business Income
- Robust Consumer and Home-owner sales
- Extensive Long-Term New Owner Training
- Exclusive Dealership Relationships
- Very Profitable
Financing
Demographics
| Population | 1-mi. | 3-mi. | 5-mi |
|---|---|---|---|
| 2014 Total Population | 30,482 | 80,518 | 289,855 |
| Households | 1-mi. | 3-mi. | 5-mi |
| 2010 Number Of Households | 12,364 | 32,109 | 105,484 |
| 2010 Persons Per Household | 2.29 | 2.32 | 2.59 |
| Median House Value | $649,100 | $836,578 | $790,193 |
| Income Per Household | $97,552 | $97,326 | $102,153 |
| Businesses | 1-mi. | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 1,186 | 2,657 | 8,588 |
| 2012 Number Of Employees | 88,268 | 134,422 | 402,696 |
| 2012 Total Annual Payroll | $4,294,967,295 | $4,294,967,295 | $4,294,967,295 |
click for more demographic info
Disclaimer
DISCLAIMER & NOTICE: The User (that's you reading this) of this Website understands that Timothy Cunha, J.D. ("Broker"), his agent(s), and EvergreenGold do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA. In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings. Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.
The information contained in this offering profile was provided by the Seller and is believed to be accurate. Broker has not verified the information and therefore makes no representations or warrantees as to its accuracy or completeness. This profile is subject to the Confidentiality Agreement and Disclaimer as agreed to and acknowledge by the Buyer. Please note: typically (1) Sq. ft. is estimated, and (2) Annual Payroll is last year's and does not include any owner wages.
THE PROSPECTIVE BUYER OR LESSEE SHOULD CAREFULLY AND INDEPENDENTLY VERIFY TO THEIR SATISFACTION EACH ITEM OF INCOME, EXPENSE, AND ASSET, AND ALL OTHER INFORMATION CONTAINED HEREIN. The information contained herein and contained in any supplemental documents has been furnished by sources believed to be reliable. While we intend to provide accurate information, no warranty or guarantee, either expressed or implied, is made as to any information provided on this property, business, and/or franchise. Any information concerning the sale of a business has been provided by the Seller, Buyer, or some other third party to the Broker. Broker and Broker’s agents have not and do not verify the accuracy, veracity, or completeness of this information, and the recipient of this information is advised to conduct its own independent due diligence investigation as to accuracy, veracity, and completeness. The Broker and Broker’s agents are not responsible for misstatements of facts, errors, omissions, prior sale, change of price, or withdrawal from the market. We do not accept liability for any errors, omissions, corruption, or virus in the contents of this message or any attachments that arise as a result of email transmission.
AGENCY & REPRESENTATION DISCLOSURE: The Broker, whether acting as a listing broker or potential selling broker, hereby discloses that Broker is acting solely as agent for the seller in the marketing, negotiation, and sale (or lease) of the property, business, and/or franchise. Unless there is a clear, precise, explicit written agreement to the contrary, the Broker does not represent and is not acting as an agent for any prospective buyer(s). This disclosure covers the Broker, any agent operating under the Broker’s license, and any employee or independent contractor of the Broker.
RESTRICTION ON BUYERS: In no event shall a prospective buyer visit the property and/or communicate with the owner/seller or employees of the property, business, or franchise via phone, fax, email, postal mail, or any other means outside the presence of the Broker or Broker’s agent. All information provided about any business is CONFIDENTIAL and PROPRIETARY, and not for further disclosure except in accordance with a signed Non-Disclosure Agreement (“NDA”).
ADVICE & COUNSEL: Neither the broker nor any agent operating under the Broker’s license, nor any employee or independent contractor of the Broker is acting as an attorney, accountant, or tax/financial advisor, and no communication from them should be considered as legal, accounting, or tax/financial advice.