Laminated Outdoor Wood Structures Design / Build Firm

Summary Information

Internal ID:
Price:
Total Sales:
EBITDA:
Seller Discretionary Earnings:
FF&E:
Inventory:
Industry:
Year Established:

Franchise:
Days and Hours of Operation:
Reason for Sale:
Listing Status:

STRUCTURE1

$3,250,000

$3,140,219
$725,679
$806,417
$50,000
N/A
Building and Construction
1972

No
M-F 7:30-4:30
True Retirement
Work-up

Summary

Description:

This business has over 50 years of experience in the design and outsourced 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 company’s custom products into their designs.
The company has received multiple awards for their highly regarded custom designs and quality precision manufacturing. The company also offers a limited number of ‘off the shelf’ products. Since entering a big box retailer the pipeline of quotes has grown significantly filling the sales pipeline with projects from the retail partner as well as direct quotes with the largest backlog in the company’s history of approximately $10,000,000 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 companies EBITDA from 2022 to 2023.
It is worth noting that the company’s fixed costs are covered at approximately the $2,000,000 annual gross sales level making any incremental projects net margin significantly higher.
Seller is seeking a component of earnout on the incremental quotes outstanding if awarded.

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.

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

Location:
Real-Estate:
Facilities Type:

Monthly Rent:

Building Square Feet:
Facilities Description:

Class B Office
Leased
Virtual

$2,300

1800

The business has a class b legacy lease which will not be renewed as operations are now virtual since COVID. All employees are currently remote and no hard wall office is required.

Labor

Full-time Employees:
Part-time Employees:

5
2

Support and Training

Owner qualifications:

Buyer should have general business operating experience including HR, marketing, sales, accounting and contract negotiations or sub-contract/outsource as needed.

Support and Training:

Owner currently works ~2-3 hours per week which can be remote. Additional employment or consulting may be arranged.

LISTING BROKER

Jeff Snell, CM&AP, M&AMI, LCBI, ABI

Jeff Snell, CM&AP, M&AMI, LCBI, ABI
REAL ESTATE TRANSACTION HANDLED BY

2009 Caminos Drive
Raleigh, NC 27607

Summary Information

Internal ID: STRUCTURE1
Price: $3,250,000
Total Sales: $3,140,219
EBITDA: $725,679
Seller Discretionary Earnings: $806,417
FF&E: $50,000
Inventory: N/A
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: Work-up

Summary

Description:

This business has over 50 years of experience in the design and outsourced 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 company’s custom products into their designs.
The company has received multiple awards for their highly regarded custom designs and quality precision manufacturing. The company also offers a limited number of ‘off the shelf’ products. Since entering a big box retailer the pipeline of quotes has grown significantly filling the sales pipeline with projects from the retail partner as well as direct quotes with the largest backlog in the company’s history of approximately $10,000,000 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 companies EBITDA from 2022 to 2023.
It is worth noting that the company’s fixed costs are covered at approximately the $2,000,000 annual gross sales level making any incremental projects net margin significantly higher.
Seller is seeking a component of earnout on the incremental quotes outstanding if awarded.


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.

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

Location: Class B Office
Real-Estate: Leased
Facilities Type: Virtual

Monthly Rent: $2,300

Building Square Feet: 1800
Facilities Description:

The business has a class b legacy lease which will not be renewed as operations are now virtual since COVID. All employees are currently remote and no hard wall office is required.

Labor

Full-time Employees: 5
Part-time Employees: 2

Support and Training

Owner qualifications:

Buyer should have general business operating experience including HR, marketing, sales, accounting and contract negotiations or sub-contract/outsource as needed.


Support and Training: Owner currently works ~2-3 hours per week which can be remote. Additional employment or consulting may be arranged.

LISTING BROKER

Jeff Snell, CM&AP, M&AMI, LCBI, ABI

Jeff Snell, CM&AP, M&AMI, LCBI, ABI
REAL ESTATE TRANSACTION HANDLED BY

2009 Caminos Drive
Raleigh, NC 27607