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Laminated Outdoor Wood Structures Design / Build Firm

Raleigh, NC, USA
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Businesses For Sale | Lumber & Wood Product Companies For Sale

Listing ID : 427483

Posted on February 17, 2024 View Count 20

Price :
Inquire for Price
Business Financials & Assets :
Gross Revenue:
$2,726,836
Cash Flow:
$730,317
Year Established:
1972
Description of Inventory Included:
The business requires zero inventory.
Furniture, Fixtures & Equipment (FF&E) Included:
Yes
Estimated Value of FF&E:
$50,000
Property Details :
Business Details :
Number of Employees:
5
Absentee Owner:
Yes
Business Can Be Moved:
Yes
Real Estate:
Leased
Rent:
$2,000
Competition:
This company competes on a national basis with two primary competitors. This company benefits from its geographic location, extremely low overhead, margin enhancement due to manufacturing methodology and proprietary designs. The company has a self limited 200 location big box hardware retailers to prevent excess demand.
Growth and Expansion Opportunities:
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.
Terms :
NDA Required:
Yes
Financing:
Dependent upon total purchase price and buyer qualifications.
Support & Training Offered:
Owner currently works ~2-3 hours per week which can be remote. Additional employment or consulting may be arranged.
Reason for Selling:
True Retirement
Equipment Specifications :
Company Overview :
Franchise Overview :
Description :

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.

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

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ENLIGN Advisors
License:288522

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