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This business is a high-quality design/build/installation casework manufacturing business focused almost exclusively on commercial clients. The business also designs/manufactures/installs ancillary products that carry high margins.
The company has a current backlog of approximately $10,000,000.
The business has been in continuous operation for approximately 30 years.
Lease
Property is owned by the business owner and is not being offered for sale.
Location: Central North Carolina
Real-Estate: Owned for Lease
Facilities Type: Stand Alone
Monthly Rent: $25,995
Building Square Feet: 21,500
This business is currently located in a 21,500 foot facility owned by its current owner. The land and building are not being offered for sale. 5,000 square feet of office including a high-end product showroom flows into a 16,500 square foot manufacturing/fabrication shop. Phone system is leased and monthly expense will be assumed by buyer.
A new owner could expand regionally. The current owner does virtually no marketing of any type. Buyers could establish a residential division selling to new home builders and remodelers. Faster and/or more automated manufacturing equipment could be installed. A second shift and/or 7-day rotating work week could be established.
Competition exists in various forms from big box retailers to one-man firms in a rented storage facility, but very few can provide the range of products and finishes at a large scale with consistent quality and high margins.
Wake County is regularly rated “best of” cities in a wide variety of measures so the volume of available work due to population growth is significant. The company has reached a scale large enough to compete with the largest national competitors while remaining flexible enough to compete with smaller businesses on medium jobs.
Backlog (April 2023) currently averages ~$10 million pushing into 2024 which is growing on a weekly basis. The seller expects that this backlog will be considered when the purchase price multiple is established.
Other business interests
M-F 6-5
The seller will provide 80 hours of transition support at no additional cost. Additional transition support is available at market rates if requested.
A portion of seller financing may be available based upon overall transaction structure.
