Laminated Outdoor Wood Structures Design / Build Firm
NCListing DetailsOffice ID: STRUCTURE1
Status: Coming Soon
Listing Broker: Jeff Snell, CM&AP, M&AMI, LCBI, ABI
FF&E Included: No
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Seller will assist buyer in satisfying lender, underwriter and SBA requests for loan approval. No seller financing per current SBA guidelines is anticipated.
Reason for Sale:True Retirement
Training:Seller will provide up to 80 hours of transition support included in the sale. Additional transition/consulting may be available if requested.
OperationsYear Established: 1955
Last Acquired: 2011
Form of Ownership: S Corp
Employees (full-time): 5
Employees (part-time): 2
Employees (contractors): 1
Business Hours: M-F 8-4:30
Business Description: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.
Historical Summary:The company was established well over 50 years ago in North Carolina where it is operated from today.
Owner Qualifications:Buyer should have practical experience with business operations, finance, sales/marketing, human resources, woodworking, design, engineering and construction or hire in or contract out.
Competition:There are many competitors in the prefabricated arena, however few come close to the quality of design, manufacturing and end product that this company with its extensive custom division has mastered.
Potential Growth:Expand exposure in big box retailers like Lowes. Expand dealer base to western part of the country. Add additional outsourced manufacturing to support western expansion. Addition of new product designs and sizes.
LocationType of Location: Stand Alone
Lease Expires: Jul 1, 2023
Lease Security: $2,600
Monthly Rent: $2,600
Square Footage: 2000
Last Updated: Jul 15, 2021 / 10:26 AM
Financial Information Current As Of: Jul 4, 2021 / 3:29 PM