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Business For Sale
SEMI-CUSTOM PLANNED COMMUNITY HOME BUILDER
Attn:
Bernard Cicirello
Aurora/Arapahoe, CO, USA
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Listing Number: "2072008"
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Listing
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Asking Price: |
$850,000
USD USA Dollars
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Business for Sale Industry: |
Manufacturing: Non-classifiable
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Reason for Selling:
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Retirement from industry |
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Year Established:
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1989 |
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# of Employees:
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3 |
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Yearly Revenues:
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$9,000,000 |
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Yearly Cash Flow:
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$1,250,000 |
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Yearly EBITDA:
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$1,250,000 |
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Yearly Net Profit:
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$1,250,000 |
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Yearly Gross Income:
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$2,160,000 |
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Total Debt:
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$4,350,000 |
Business for Sale Overview:
Well-known and well-recognized name in the semi-custom community home building industry. Product offering and service separates them from their competitors. South East Denver location in the only private Country Club community in town. Phase 1 already under way with 8 lots and 5 homes ready for sale. Six models with four elevations each and a variety of options give their customers plenty of choice to customize the home to their liking. This builder has built some of the finest custom homes in the Metro area using renowned architects know for their creative innovation and design. A full Confidential Business Review is available to financially qualified buyers.
Property Features and Assets:
A planned community in the foothills of Colorado centered on a signature 18-hole golf course designed by Jay Morrish. The golf course is the only private course in the city. The membership is open to all residents for the current fee of $20,000. It includes one of the finest Club Houses built in any community in Colorado. The Club House is expected to open in March of 2008. It also includes a recreation center that is open to all residents. The community will include over 875 residences when completed which range from single family patio homes to high-end luxury hillside estates designed and built by leading independent custom and semi-custom home builders. In addition to this builder, the other builders include Lennar Homes, Beazer Homes and Ryland. The properties that are part of this project are all lots that are fully completed with all utilities and roads in place. Most of the lots being purchased by this builder are adjacent to the golf course in an area that most consider to be the most premium location in the community.
Market Competition and Expansion:
This builder has a rolling option for the purchase of 44 additional lots.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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