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Laminated Outdoor Wood Structures Design Build Firm For Sale

Virtual, North Carolina, US
Asking Price:
$4,000,000 (USD) Furniture / Fixtures included
Sales Revenue:
$3,466,853 (USD)
Cash Flow:
$1,068,477 (USD)

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.

Property Information

Location:

Company is waiting out remaining term of lease. Company is now operating virtually since COVID.

Premises Details:

Virtual

Business Operation

Expansion Potential:

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.

Competition / Market:

This company competes on a national basis with two primary competitors.

Reasons for selling:

True Retirement

Trading hours:

M-F 7:30-4:30

Employees:
5
Years established:
50

Other Information

Support & training:

Seller will provide 80 hours of transition assistance included in the purchase price. Owner currently works ~2-3 hours per week which can be remote. Seller is willing to stay on at fair market compensation rates.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Yes, Seller will provide lender required financing no more than 20%. Dependent upon total purchase price.

Furniture / Fixtures value:
$50,000 (USD) - included in the asking price
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

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