Laminated Outdoor Wood Structures Design / Build

Business Overview:

2003 FINANCIAL INFORMATION IS ADJUSTED FOR MANUFACTURER RETOOLING AND EXPANSION. Contact broker for details. This business has over 50 years of experience in the design and outsourced construction of prefabricated and custom laminated outdoor wood structures, including bridges/pathways, structural beams, shelters and pavilions. Clients include homeowners, municipalities, churches, horse farms, entertainment venues, golf courses, airports and architects who integrate the company’s custom products into their designs. The company has received multiple awards for its highly regarded custom designs and quality precision manufacturing. The company also offers a limited number of customizable ‘off the shelf’ products. Since entering a big box retailer, the pipeline of quotes has grown significantly, filling the sales pipeline with projects from this retail partner as well as direct quotes with the largest backlog in the company’s history of approximately $12,000,000 of viable projects, which is ~5x average of prior periods. One quote to a local municipality is ~$3,000,000, which by itself would double the company's EBITDA from 2023 to 2024. Another local potential contract is outstanding for $5,000,000+. It is worth noting that the company’s fixed costs are covered at approximately $2,000,000 of annual gross sales, making incremental projects' net margin significantly higher. 

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Property Features and Assets:

Operations are now semi-virtual since COVID. All employees are currently remote and no hard wall office is required.

Seller is seeking a component of earnout on the incremental quotes outstanding if awarded for sales and engineering costs incurred for those projects.

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:

Documents:

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