S
Starter Story
Business Idea
Start A Fireplace Installation Business
About
Starting a fireplace installation business requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell fireplace installation , or selling fireplace installation online, you can use this page as a guide for everything you'll need to know.
Want to learn more? You can check out our full guide on how to start a fireplace installation business ➜
Key stats
market size
$7.7B
starting costs
$213K
gross margin
30%
avg product price
$3000
time to build
6 months
Startup Costs
| Min Startup Costs | Max Startup Costs | |
|---|---|---|
| Office Space Expenses | $35 | $3,250 |
| Employee & Freelancer Expenses | $0 | $5,500 |
| Equipment & Supply Expenses | $550 | $6,000 |
| Website Costs | $232 | $6,500 |
| Business Formation Fees | $5,600 | $20,400 |
| Inventory Expenses | $350 | $14,750 |
| Specific Industry Expenses | $500 | $4,000 |
| Vehicle Expenses | $50 | $350,500 |
| Other Expenses | $0 | $2,300 |
| Software Expenses | $150 | $3,044 |
| Advertising & Marketing Costs | $0 | $2,300 |
Successful Businesses
| Business | URL | Rank | |
|---|---|---|---|
|
Woodland Direct | woodlanddirect.com | #56,713 |
|
Heat n Glo | heatnglo.com | #270,477 |
|
Fireplaces and Inserts | heatilator.com | #439,215 |
|
Ortal Heat | ortalheat.com | #563,708 |
|
HearthStone Stoves | hearthstonestoves.com | #623,617 |
|
Monessen Hearth | monessenhearth.com | #658,816 |
|
Lopi Stoves® | lopistoves.com | #704,521 |
|
Kozy Heat Fireplaces | kozyheat.com | #704,616 |
|
Majestic Products | majesticproducts.com | #797,545 |
|
Empire Comfort Systems | empirecomfort.com | #861,258 |
|
Fireplace Xtrordinair | fireplacex.com | #1,007,905 |
Pros & Cons
| Pros | Description |
|---|---|
| Flexibility | You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own. |
| Meaningful business connections | You never know who you will meet as a fireplace installation business. This could be the start of an incredible business opportunity! |
| High customer retention rates | Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer. |
| Pick & choose the clients you work with | Fireplace Installation Businesses have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients! |
| Control of workload | With starting a fireplace installation business, you have the unique ability to choose how little or how much you want to work. You also have the freedom to decide which projects you want to work on, and can turn down the ones that do not interest you. |
| Gain exposure and experience | This career allows you to gain experience working for multiple different businesses - which will benefit your resume and also keep things interesting for you! |
| Cons | Description |
|---|---|
| Motivation of employees | If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees. |
| Low margins | The gross margins for your fireplace installation business are typically around 30%, which can make it more challenging to incur new expenses and maintain profitability. |
| High employee turnover | In the fireplace installation business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment. |
| Niche Market | A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience. |
| High overhead expenses | With starting a fireplace installation business, there are overhead expenses that come with selling a physical product. You will want to make sure you strategically budget for these overhead costs. We discuss this more in the startup costs section below. |
| You may need to charge sales tax | If you are selling your products in various states, you may be required to charge sales tax. Although this may not impact your financials specifically, it can be a headache to create a process and procedure for this. To learn more about sales tax, check out [this article](https://www.thebalancesmb.com/do-i-need-to-collect-sales-taxes-in-my-state-398913) |
Marketing Ideas
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1
Affiliate program
An affiliate program is a way to reward people outside your organization to share your product.
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2
Word of mouth
The most tried and true way to grow a fireplace installation business is through word of mouth - some entrepreneurs would say it's more important than all social media.
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3
Advertising on social media
Social media advertising is one of the leading ways to get the word out when it comes to fireplace installation business.
There are various different Social Media platforms available to you. Some may be more critical for your marketing efforts than others, however, it's important to have an understanding of what's out there and available to you.
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