1345 Poplar Grove Road S, Boone, NC 28607

Property Description

A RARE OPPORTUNITY! WITH A 40-YEAR LEGACY OF HIGH-END, ARTISANAL, LOG AND TIMBER-FRAME MOUNTAIN STRUCTURES, THIS SUCCESSFUL CONSTRUCTION COMPANY IS WILLING TO PASS THE TORCH. THIS OFFERING IS FOR THE BUSINESS + THE REAL ESTATE. (BUSINESS IS ALSO OFFERED). Business sale price includes more than $90,000 of construction equipment and tools and more than $60,000 of office equipment and furnishings. With a business reputation, repeat business, referrals, a successful website and key domain name, and a regional franchise for a successful log home and timber-frame company, this Contractor has generated much more potential business than he has been willing to take on. OPPORTUNITY is written here with capital letters! Contractor-Seller is willing to train, as needed. Key construction and office staff have expressed willingness to stay on board. Business owners also own the real estate. The present business occupies approximately 3,600 SF of the 7,362 SF building. (Sellers are offering the Business as a separate offering so that the Business Buyer can have maximum flexibility. With control of the real estate, the Sellers can offer the Business Buyer maximum flexibility to negotiate for leased space as desired or needed). Office space shows off the artisanal workmanship and exquisite use of quality materials that have been the hallmark of this business for decades. Yes, millions of dollars of contracts have been negotiated right here! Business and lease records are available with signed Confidentiality Agreements. The 7,362 SF Building currently includes rental spaces for the Construction Company and various construction-related subtenants. Even parking lot spaces are leased to a moving company. As a real estate investment, current rents are offering a cap rate of approximately 6-6.5%. Subtenants' leases are structured with a 30-day notice clause for maximum flexibility for use of the building by the Business Buyer. (Aerial tax map is NOT a survey.)