Reputable Fireplace Retailer & Installation Business For Sale
Non-Disclosure & Confidentiality Agreement Link
Location: Eastern Iowa
Established: 1989
2023 Gross Sales: $1.60MM
2024 Gross Sales: $1.63MM
Minimum Business Asking Price: $1.20MM
- Includes $80K estimated FF&E, and $108K in retail showroom buildout
- Includes approximately $800K in inventory
Real Estate*: Triple Net Lease Annually at $147K
- *Not included in the business asking price.
Historical Financial Summary
- 2023 Gross Sales: $1.60MM
- 2024 Gross Sales: $1.63MM
- 2024 Adjusted Annual EBITDA = $316,000
- 2024 Seller's Discretionary Earnings = $391,000
- 3 Year Weighted Average Adjusted EBITDA = $252,000
- 3 Year Weighted Average Seller's Discretionary Earnings = $327,000
Business Summary
Long-standing, reputable fireplace retailer and installation business operating in a thriving downtown area in Eastern Iowa. The Business offers a wide selection of fireplaces, inserts, stoves, grills, gas logs, and accessories to consumers, home builders, and interior designers in the area.
Additional Services:
- Delivery and installation
- Inspections
- Maintenance
Staffing
- 1 full-time owner
- 1 part-time owner
- 4 full-time employees
Facilities
12,600+ sq. ft. showroom, shipping/receiving, warehousing, workshop with 20 parking spaces located within a downtown retail and office assemblage built in 2005.
Market Pros
The Business is the largest retailer of fireplaces in Eastern Iowa.
Support & Training
The seller is willing to provide consulting to new owner for 3 months.
Reason for Selling
Retirement.
Next Steps
Qualified buyers that complete the NDA form linked below will be provided detailed information about the opportunity via a Confidential Information Memorandum (CIM) 1.0, including:
- 2021-2024 Re-Casting Financials
- Inventory Aging Summary
- Patio & Hearth Feature Article 2019
- Staff Org Chart & Seller Replacement Forecast
- Website Information
- Location Information
- Triple Net Leasing Details
- Location Photos
- Next Steps & CIM 2.0
Non-Disclosure & Confidentiality Agreement Link
Seller is advised by Marigold Resources in Davenport, Iowa and Seller pays Marigold's fee.
Please contact Marigold Resources at (563) 424-5707
Chris Barnard - Managing Partner cbarnard@marigoldresources.com
Todd McGreevy - Managing Partner todd@marigoldresources.com
DISCLAIMER: All information contained in this document has been provided by the subject company to Marigold Resources and while believed to be correct has not been verified. Accordingly, Marigold Resources makes no representations or warranties as to accuracy and truthfulness of such information. The recipient hereof acknowledges that Marigold Resources shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Marigold Resources of this document. Marigold Resources’ fee is paid by the Seller.