Rapidly Growing Building Material Manufacturer

Business Overview:

This business manufacturers one of the fastest growing exterior cladding materials in the construction industry. There is high demand for this product for residential and commercial customers, and for both new construction and remodeling applications. This manufacturing company has positioned itself for continued growth by investing in a new facility in 2020, over $524,000 in new FF&E, and building a skilled team of 8. Located in North Carolina, voted #1 state for businesses in a 2022 CNBC poll. This is an ideal add-on business for a company already in the construction business, or an individual looking to take a growing business to the next level through additional marketing and distribution.

With the process, product, and skilled people in place, the seller is focused on aggressively marketing to build the brand and drive sales. In 2023, he has partnered with the largest stone and brick distributor in the Carolinas, and has so far erected 14 displays in their physical locations. Outside and internal sale teams will be upselling their custom coloring and quick shipping. Additionally, the company has been named the sole stone veneer supplier for one of the biggest contractors in the county area. A new website was launched in March making it easier for customers to find the business in their online searches.

-47% sales growth over 3 years
-Limited regional competition
-National sales reach serving 17 states
-40% online sales
-Serves new construction & remodeling markets
-Advanced manufacturing process
-Differentiated from competition by offering customized color (customers love this!)

Seller believes so much in the future of the business, he is willing to offer seller financing and retain up to 19% stock in the company. Seller financing is available for qualified buyers not using debt.

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Property Features and Assets:

Cash flow represented includes lease expense. Real Estate is available for purchase.

-8,550 sq. ft. metal manufacturing building
-1.83 acres of land
-Shipping container/lean to for storage

The seller has worked in the construction industry for over 30 years and noticed increased demand for this building material but few suppliers. He took it upon himself to get educated by working with raw material and manufacturing equipment suppliers, and has built the business from the ground up. He invested in a new manufacturing facility, and equipment in 2020, and now has the capacity and manpower to triple current sales. The business will benefit greatly through increased advertising and sales through distribution, as all sales are currently direct. Seller will stay on board for training the new owner to ensure a successful transition.

Market Competition and Expansion:

Opportunities for growth include:
• Increasing advertising and marketing efforts to reach more potential clients
• Hire a sales person
• Take advantage of very strong demand for one of the new product lines
• Continued selling through distribution

Reason for Selling:

Additional Details:

Relevant Links:

• View more North Carolina businesses for sale
• View more Businesses For Sale in the same industry
• Sell a business online
• Find a business broker