Laminated Outdoor Wood Structures Design / Build

Relocatable, NC
Wake County

Virtual


Asking Price: Annual Revenue:
$4,000,000 $3,466,853

Manufacturing: Wood, Stone, Concrete


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RE: Laminated Outdoor Wood Structures Design / Build Broker: Jeff Snell
Owner Financing is Available!
Yes, Seller will provide lender required financing no more than 20%. Dependent upon total purchase price.

Quick Facts

Asking Price: $4,000,000
Annual Revenue: $3,466,853
Net Profit: $1,068,477
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1972
Employees: 5
BBN Listing #: 35006351
Broker Reference #: STRUCTURE1

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Business Overview:

This business has over 50 years of experience in the design and construction of prefabricated and custom laminated wood structures including bridges/pathways, structural beams and outdoor shelters and pavilions. Customers include homeowners, municipalities, churches, horse farms, entertainment venues, golf courses and architects who integrate the companies custom products into their designs.

The company has received multiple awards for their highly regarded designs and quality precision manufacturing. Since entering the big box retailer the pipeline of quotes has grown significantly filling the sales pipeline with projects with the largest backlog in the comp0anies history of $1,600,000 which is ~double average of prior periods.

Believed to be formed originally in the 1950's the current owner purchased in 2011 at which time there were 300 employees and 100,000 square feet of manufacturing in each of two locations. Manufacturing is now outsourced and has been optimized to maximize profits.

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Property Features and Assets:

The business has a class b legacy lease which will not be renewed as operations are now virtual since COVID. All employees are currently remote and no hard wall office is required.

Market Competition and Expansion:

New owners could expand beyond eastern seaboard. New owners have an invitation to enter over 2000 big box retailers. This carries an unexpected benefit of being featured on the retailers website in all markets beyond the current 200 locations. Company currently has eight long standing dealers which could be expanded.

Reason for Selling:

True Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

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