10 Y/O Custom Home Builder & Construction Company

Not Disclosed, SD

Asking Price: Annual Revenue:
$1,750,000 $8,419,692

Services: Construction, Contractors

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RE: 10 Y/O Custom Home Builder & Construction Company Broker: Chelsea

Quick Facts

Asking Price: $1,750,000
Annual Revenue: $8,419,692
Net Profit: Not Disclosed
Cash Flow: $1,306,968
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2010
Employees: 2
BBN Listing #: 742858767
Broker Reference #: Not Disclosed

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Business Overview:

The business is a professional custom home builder located in South Dakota. In operation since 2010, the company was created to make the home design and construction process enjoyable and affordable.

The company specializes in carpentry, stone masonry, custom beam and timber frame-work, metal fabrication, granite counter top fabrication and installation, heating and cooling systems, custom trim work, and full excavation including specialized rock excavation.

To aid in the preliminary design phase, the company offers drafting services to modify a clients’ plans or to design their dream home from scratch. Having this service greatly helps in customization of a design to make it fit both the client’s budget and their style preferences.  Additionally, the company’s showroom has been set up to allow customers to look at products that will comprise their home all in one place. Everything from siding and roofing to doors, cabinets and flooring is on display, to help design the perfect home for their customers.

The company is a family-owned and operated business with only two full-time employees, and no inventory; all savings are passed to clients. Home construction and remodeling projects are closely supervised by ownership to ensure that the quality of the work surpasses clients' expectations.  Through on-site supervision and efficient scheduling, the company keeps its subcontractors focused on the job at hand. This allows the company to complete projects on time and faster than other builders leading to savings in time and costs.

Purchase Considerations
* Established business with a strong brand synonymous with premium craftsmanship and superior customer service
* Exceptional customer service by managing each project to the smallest detail and keeping clients informed and involved throughout the whole construction/remodeling process
* Steady cash flows supported by a strong and loyal customer base with many repeat clients
* Strong presence throughout South Dakota, with custom projects completed in many markets
* The company's 4,000 square foot office and shop space is available for purchase from seller at an additional price
* Solid grasp of the local market dynamics and industry trends
* More than 10 years residential construction and remodeling experience
* Great rapport with residential clients in the area
* High level of trust and loyalty with subcontractors through long-term relationships on multiple projects
* Tremendous room for growth by accommodating the boom in the number of people moving to the area for retirement
* Advertising costs are minimal due to the Company’s reliance on word of mouth and referrals to attract new clients. Website/online promotion can bring in further business and increase visibility, especially from the surrounding areas
* Approximately $8.5 million in annual revenue, $ 2.1 million in gross profit, $1.2 million in net income and $1.3 million in seller discretionary earnings (TTM)

Current ownership has been involved full-time in the industry and is now ready to explore other interests.  This company is listed for $1,750,000.

To learn more about this business, please click on the following link: https://listing.raincatcher.com/listing/custom-home-builder/
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Property Features and Assets:

The seller owns the real estate and will entertain the idea of selling the property with the business. 3,600 square feet for the main building + 4,000 square feet storage building.

Market Competition and Expansion:

Ownership strongly believes that the company enjoys a superior reputation, timeline, and better end-products as compared to its rivals. The other contractors often need to cut their pricing to lure customers away from the Company as they work closely with customers throughout the building process at every selection meeting and all throughout construction, helping them with any and every decision. Owners take pride in the things their past clients say about building with them. The company’s established reputation and trust are based primarily on referrals, so ensuring that everything meets the highest of standards is a pre-requisite to completing any project.

Reason for Selling:

Ownership would like to pursue other interests.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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