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Sunbelt of Durham

Geogrid Distributor For Retaining Wall Applications Business In North Carolina For Sale

Central Nc, North Carolina, US
Asking Price:
$1,320,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,100,000
Cash Flow:
$293,923

Developers have found that level, ready to develop and build on land surrounding major Metro markets is virtually non-existent, which requires the use of segmental wall systems to make the land suitable to build on. This company offers a high-strength polyester product commonly used in the segmental retaining wall industry referred to as geogrid.

Compared to other systems such as cast in place concrete, segmental retaining walls with geogrid reinforcement are one of the most affordable solutions in the US today. Primarily used in residential, commercial, and industrial applications, the market supporting applications requiring these site walls include but are not limited to new residential developments, apartment complexes and condominiums, shopping centers, warehouse and distribution spaces, single-family residential homes, stand-alone buildings, and landfill expansions.

Customer base includes segmental concrete block producers, direct sales to large segmental wall installers, and dealers/distributors for resale. This business is ready for growth with a direct sale client list available. One part-time person manages the warehouse, coordinates shipping in-house as well as with contract haulers, and manages many of the accounts. Easily transferrable to young entrepreneurs or an excellent add-on to current block manufacturers and distributors.
Facilities:
3,000 SF open space warehouse with parking, outside storage, trailer, and skid steer
Real Estate Available: No
Real Estate Included: No
Real Estate Description:
N/A

Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
Rent: $4,123.00
Owner worked hours per week: 25
Market Competition: Huge opportunity for growth- current market is limited to NC, VA, and eastern TN which leaves a huge market in other growing communities.

Property Information

Size in square feet:
3,000

Business Operation

Reasons for selling:

Partners would like to move on to other opportunities in a non-competitive space

Employees:
Part Time: 1
Years established:
8

Other Information

Support & training:

Sellers will transition the business as necessary. Combination of direct training and consultation.

Financing available:

Downpayment Required: NEGOTIABLE
Financing is available

Furniture / Fixtures value:
$40,735 - included in the asking price
Inventory / Stock value:
$48,000 - included in the asking price