Internal ID:
Price:
FF&E:
Industry:
Year Established:
Franchise:
Days and Hours of Operation:
Reason for Sale:
Listing Status:
STRUCTURE1
Not Disclosed
$50,000
Building and Construction
1972
No
M-F 7:30-4:30
True Retirement
Active
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. 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.
Historical Summary:
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.
COVID Statement:
All employees are currently remote and no hard wall office is required.
Competition:
This company competes on a national basis with two primary competitors.
Growth and Expansion:
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.
Location:
Real-Estate:
Facilities Type:
Monthly Rent:
Building Square Feet:
Facilities Description:
Class B Office
Leased
Virtual
$2,300 The business has a class b legacy lease which will not be renewed as operations are now virtual since COVID.
1800
Support and Training:
Seller will provide 80 hours of transition assistance included in the purchase price
Support and Training Comments:
Owner currently works ~2-3 hours per week which can be remote. Seller is willing to stay on at fair market compensation rates.
2009 Caminos Drive
Raleigh, NC 27607
Internal ID: STRUCTURE1
Price: N/A
FF&E: $50,000
Industry: Building and Construction
Year Established: 1972
Franchise: No
Days and Hours of Operation: M-F 7:30-4:30
Reason for Sale: True Retirement
Listing Status: Active
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. 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. All employees are currently remote and no hard wall office is required. This company competes on a national basis with two primary competitors. 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.
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.
Historical Summary:
COVID Statement:
Competition:
Growth and Expansion:
Location: Class B Office
Real-Estate: Leased
Facilities Type: Virtual
Monthly Rent: $2,300 The business has a class b legacy lease which will not be renewed as operations are now virtual since COVID.
Building Square Feet: 1800
Facilities Description:
Support and 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.
Support and Training Comments:
2009 Caminos Drive
Raleigh, NC 27607
