
Listing ID : 427483
Listed On February 17, 2024 30
Listing Updated August 15, 2024
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.
Seller is seeking a component of earnout on the incremental quotes outstanding if awarded for sales and engineering costs incurred for those projects.
3500 Scotts Lane, Philadelphia, PA, USA
Our 100% Passive Mobile Grooming Opportunity is turn-key, fully staffed and operating with massive room for expansion. **Up To 50% Seller Financing
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