Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$151

$352

Website Costs

$223

$7,215

Business Formation Fees

$5,600

$20,400

Equipment & Supply Expenses

$66

$700

Inventory Expenses

$350

$14,750

Specific Industry Expenses

$500

$4,000

Vehicle Expenses

$2

$10,004

Software Expenses

$162

$3,094

Advertising & Marketing Costs

$0

$2,300

Total Startup Costs

$7,054

$69,815

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

Acucraft Fireplaces

acucraft.com

1,052,986

Fireplace Xtrordinair

fireplacex.com

1,259,750

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!

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