Premier Residential Construction Company in N MI

Not Disclosed, MI

Northern Michigan


Asking Price: Annual Revenue:
Not Disclosed $2,231,062

Services: Construction, Contractors


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RE: Premier Residential Construction Company in N MI Broker: Max Friar
Owner Financing is Available!
Limited Seller-Financing Available for Qualified Buyers.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $2,231,062
Net Profit: Not Disclosed
Cash Flow: $277,635
Total Debt: Not Disclosed
FF&E: $209,546
Real Estate: Not Disclosed
Year Established: 1994
Employees: 5
BBN Listing #: 944945079
Broker Reference #: 105

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Business Overview:

This is a fantastic opportunity to acquire a long-standing commercial/residential general contractor in one of the top 5 fastest-growing areas of Michigan.

Founded in 1994, this Company has earned its reputation as one of the premier general contracting businesses in Northern Michigan. The Company operates in commercial general contracting, specialty trade packages, and residential services. The Company has the expertise to tackle any residential or commercial project.

Over its two and a half decades in operation, the Company has built a crew that is respected for being highly-skilled and knowledgeable by training their employees in compliance with OSHA (Occupational Safety and Health Administration) guidelines. The Company is known for providing high-quality products that are consistently completed on schedule. The Company is well regarded by its customers, as well as local architects and subcontractors, who are always paid on time.

After running the Company for 27 years, the Founder and his spouse (Co-owners) are seeking to sell the Company in order to retire and spend their winters in a warmer climate.

The Business is currently operating out of a 30-foot x 24-foot facility on the Owners’ property, which will not transfer with the Company. However, to date, the Company’s overhead has been kept low, which could continue through new ownership.

In 2020, Houzz released a report that stated a 58% annual increase in project leads for home professionals; 52% annual increase in home extensions and additions; 40% annual increase in kitchen and bath remodeling; and 166% annual increase in security and privacy-related construction. These trends bode well for the new owner(s) coming into a growing industry and company.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found, please email us and request a PDF version.

Once we receive your NDA and answers to some basic questions, the Confidential Information Memorandum (CIM) will be sent to you from the project manager.

IF YOU DO NOT RECEIVE A FOLLOW UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR JUNK MAIL FIRST. If you do not see the email there, please email us for support. Thank you in advance!

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Property Features and Assets:

Owned—The facility is a 30-foot x 24-foot building on the Owners’ personal property that will not be sold with the Business. 2020 Total Rent: $11,607.

Market Competition and Expansion:

Investment Highlights Include: (1) Well-Established Company with a Strong Reputation: With over 27 years in the industry, the Company thrives on its culture, emphasizing the timeliness and quality of its projects. This is accomplished by attracting and maintain a top-tier workforce. The Company extensively trains each employee, ensuring that they have the skills and knowledge to produce top-quality products. This training is completed in compliance with OSHA safety guidelines that keep the employees safe in the field and minimize time lost from injuries on projects. This reputation is seen with both customers and industry professionals, who frequently refer new business to the Company. (2) Debt-Free Business Model: The Company operates on a debt-free basis. The Company has little to no debt and has always operated debt-free by continually holding enough cash to complete $2M worth of projects. They have a revolving loan that is rarely used, but in the case of cash flow shortfalls, the loan is utilized and paid off as the project pays off. (3) Culture Focused on Sustainability: The Company has always been committed to sustainable construction. They respect the environment and provide a safe and healthy culture for the employees and customers alike. To show commitment to that principle, the Founder has earned his LEED (Leadership in Energy and Environmental Design) accreditation. LEED is an internationally recognized green building certification system, providing third-party verification that a building or community was designed and built using strategies aimed at providing sustainable performance across all the metrics that matter most: energy savings, water efficiency, CO2 emissions reduction, improved indoor environmental quality, and stewardship of resources and sensitivity to their impacts. (4) Resilience Through COVID-19: Despite the COVID-19 pandemic, the Company was able to grow its revenue. The Company operates in an area that services many vacationers and retirees who are not usually impacted by economic downturns. When the state of Michigan was shut down in 2020, people were forced to spend time in their homes, creating an influx in remodeling demand. Growth Opportunities Include: (1) Population Growth in Northern Michigan: In addition to the increase in demand caused by the pandemic, the Company’s service area has been gaining popularity and is flourishing economically. The Company serves one of the fastest-growing counties in the state of Michigan. With the increase in population, new companies are moving north in Michigan and need new buildings or updates to existing buildings. Housing is becoming scarce, and most of the schools and commercial buildings need renovation. With a good reputation amongst the local subcontractors and top-of-the-line training practices, the Company will have no shortage of good workers to meet this new demand. (2) Open a Home Design Division: The Company does not currently accept “off the street” business because that would require the Company to have its own design people, which is not something that the current Owners are interested in. The Company is gaining notoriety in the building of high-end homes. With an in-house architect, the new owner(s) could open a residential design/remodel division, the services of which would be in high demand. (3) Drive Demand Through Online Presence: The Company currently generates most of its business through its reputation, word-of-mouth, and referrals. An increase in online presence could be a significant opportunity for generating new business. The Company does not have a presence on social media or any general contractor review website. The Company’s current website serves its purpose, but with the addition of a home design division, the website could be revamped to look more modern and to properly showcase the Company’s abilities.

Reason for Selling:

Retirement

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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