Custom Home Builder - $2.8M in Projected Sales

Omaha, NE
Douglas County

Omaha Metro


Asking Price: Annual Revenue:
$615,000 $1,035,754

Services: Construction, Contractors


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RE: Custom Home Builder - $2.8M in Projected Sales Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $615,000 10% Buyer Down Payment $61,500 20% Seller Financing or Equity $123,000 70% Bank Loan $430,500 A 10% down payment of $61,500 returns $120,477 in the first year after debt payments!

Quick Facts

Asking Price: $615,000
Annual Revenue: $1,035,754
Net Profit: Not Disclosed
Cash Flow: $205,347
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2002
Employees: 1
BBN Listing #: 557234398
Broker Reference #: CBI020

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Business Overview:

A 10% down payment of $61,500 would return $120,477 in the first year after debt payments – a 196% return on investment! This custom home builder in Omaha has 5 homes under construction and closing in 2021, giving them $2.8M in projected sales for 2021. Well-established for nearly 20 years, this company specializes in individualized customer service, helping each homeowner create their dream home. With 15-20 highly popular floor plans, their homes are in the $450k-$1M price range, each one using customized designs and impeccable attention to detail. The owner of this highly respected business is the only employee, acting as the site manager, supervising the subcontractors to make sure everything is on track, from pricing and materials to overseeing the details of the home and doing basic manual labor if needed. A subcontracted real estate agent lists and sells the homes, assists customers with design and organization, and stages the model homes. The team builds approximately 5-8 homes per year; as a small homebuilder, they are able to build relationships with their customers and provide the best interactive homebuilding experience possible.

The builder handles every aspect of the process:
• Planning
• Pre-construction
• Building (foundation, framing, rough-ins, drywall, trim/paint, finishes, final touches)
• Warranty

Priced at $615,000, this business is in a prime position for growth for the right buyer. An office is not needed, so there is very little overhead. Someone with knowledge of the construction industry or a background with a larger home builder would be perfect. The owner is willing to provide on-the-job training and introductions to the established group of subs used. A new owner who has the desire to take on a staff of employees, thus being able to build more homes, would certainly generate more business and revenue.

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Property Features and Assets:

Assets: Floor Plans: 15-20 total floor plans • Extremely popular two-story floor plan • Spec homes are rarely on the market for more than 30-45 days after completion due to quality of floor plans Inventory of Lots: Walkout and treed lots in Elkhorn & Millard (highly desirable areas) available for sale outside of the sale of the business. Finding the right lots in the right neighborhoods is critical for success! Website: Established website content Intangible Assets: Well-established and highly respected reputation in the Omaha area *amounts may vary, assets may be depreciated, replacement cost, or fair market value.

Reason for Selling:

Retirement Planning.

Additional Details:

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

Documents:

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