Multi-Family Renovations for Real Estate Owners

Houston, TX
Harris County


Asking Price: Annual Revenue:
$1,490,000 $2,744,636

Services: Construction, Contractors


Request More Information
Contact the Seller

RE: Multi-Family Renovations for Real Estate Owners Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $1,490,000 12.5% Buyer Down Payment: $186,250 12.5% Seller Financing: $186,250 75% Bank Loan: $1,117,500 A 12.5% down payment of $186,250 returns $236,433 in the first year after debt payments!

Quick Facts

Asking Price: $1,490,000
Annual Revenue: $2,744,636
Net Profit: Not Disclosed
Cash Flow: $454,328
Total Debt: Not Disclosed
FF&E: $775,000
Real Estate: Not Disclosed
Year Established: 2004
Employees: 12
BBN Listing #: 712034398
Broker Reference #: CON073

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

This multi-family renovation company is priced to sell at only a 3.3 multiple! Clients include corporate real estate investors, private entities, some residential work, along with commercial and military when needed. They work all over Texas, with 70% of their work being done in Houston, 20% in San Antonio, and 10% in Dallas. Services vary from complete home remodels and home additions, to maintenance, to repair and interior design. The owner has designed his position to be strictly part-time operations and financial work. No labor is done by the seller.


With an infrastructure set up to support larger clients and maintain relationships, this experienced staff of 12 continues to build solid relationships with their clients. Employees include PT Admin Assistant, PT Office Manager, PT Network IT, Operations Manager, Residential Estimator, (2) Superintendents, Commercial Specialist, (2) Client Support, Document Control, Inside Sales and field crew. Work flow controlled with integrated order management system, maintains A/R and contractor A/P.


The 4,200 sq. ft. warehouse, ½ acre equipment yard, and 2,500 sq. ft. office building currently used is available for sale or lease, separate from the sale of the business. Assets include 8 vehicles, 9 trailers, 2 portable pressure washing rigs, manlift, fans, dehumidifiers, water extractors, excavator, 5 commercial mowers, landscaping equipment, computers, office equipment and scanning camera.


The current owner is willing to stay on up to 6 months, if needed. Responsibilities include operations, financials, sales and client relations. Growth opportunities include expanding into business to consumer residential projects as well as taking on more governmental commercial contracts.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

4,200 square feet warehouse; 1/2-acre equipment yard; 2,500 square feet office building (3 offices, 15 workstations, conference rooms, etc.)

Reason for Selling:

New non-competing endeavors.

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.

Documents:

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!