Quality Home Builder w/$5M Under Contract

Oklahoma City, OK

Asking Price: Annual Revenue:
$1,200,000 $5,848,330

Services: Construction, Contractors

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RE: Quality Home Builder w/$5M Under Contract Broker: Seller of Business
Owner Financing is Available!
Purchase Price: $1,200,000 12.5% Buyer Down Payment: $150,000 12.5% Seller Financing: $150,000 75% Bank Loan: $900,000 A 12.5% down payment of $150,000 returns $186,493 in the first year after debt payments!

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $5,848,330
Net Profit: Not Disclosed
Cash Flow: $361,978
Total Debt: Not Disclosed
FF&E: $5,916,000
Real Estate: Not Disclosed
Year Established: 1986
Employees: 5
BBN Listing #: 739134398
Broker Reference #: CON083

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Business Overview:

The seller does not do any labor in this quality home building company! Building beautiful on-trend custom homes, this contractor completes projects that sell for $200,000-$800,000+. This company builds exquisitely designed custom homes for those that would like to tailor-make everything from the ground-up. For those looking for a high-quality home that features excellent craftsmanship and design, this company has several completed homes that are available for purchase. This team will build a home within a 50-mile radius of Tulsa, a city with great livability and perfect for families. They manage operations from a small office and, if desired, one could run the company from a home office and meet on location or at a local vendor for material selections. The current owner focuses on legal and financial oversight and does not play a major role in daily operations.

Those that manage the projects and who work hands-on will remain in the business, guaranteeing institutional knowledge will be retained for continuous and seamless operations. There are two project managers who handle the bulk of operational tasks including estimating, accounting, and who usher the projects from start to finish. There is also one part-time accountant, a part-time and two full-time general laborers. They also work with a contracted designer. All construction is subcontracted out to long-term local vendors who are specialists in fine home building. Utilizing this approach, growth can be found in continuing the current trajectory and working with a greater number of custom clients. Expansion could be found in building business on both ends of the spectrum, the $200k - $400k range as well as those projects over $1MM.

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Property Features and Assets:

Only a small office space is necessary for successful operations. The current office is in a facility with conference room, kitchen, copy center, and reception.

Market Competition and Expansion:

Growth Opportunities: Expand into $200,000 - $400,000 range, expand high-end home client base.

Reason for Selling:

Strategic exit 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.

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