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- RE: Residential Custom Design With GC Management
- Contact: Not Disclosed
Quick Facts
Asking Price: | $5,200,000 | |
Annual Revenue: | $13,866,158 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $1,416,134 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 1999 | |
Employees: | 7 | |
BBN Listing #: | 991364 | |
Broker Reference #: | CBI047-B |
Business Overview:
The range of services includes design, plot sourcing, development, subdivision planning and remodels. There are seven full-time W2 staff members including a General Manager, two Project Managers, a Project Coordinator, a Draftsman, a Controller, and an Administrative Assistant – all labor and construction is subcontracted out. The owner dedicates approximately 20 hours per week focusing on financial reviews, and providing general oversight of the team. Given the existing personnel, no immediate replacement for the owner is necessary, as current staff can absorb these roles. This firm specializes in providing high-quality home design with project management focused on high-net-worth residential buyers. The dedicated team works out of an 1,800 sq ft office in Upstate New York. They have clients within a 50-mile radius of Saratoga County. To facilitate a smooth transition, the seller is willing to provide training for a period of 1-2 years, plus carry 20% of the purchase price to show his vested interest in the continued success of the business postclose. Priced at $5,200,000, a 10% down payment of $520,000 returns $742,041 in the first year after debt payments! Currently, this business does not engage in any marketing activities. Implementing a marketing strategy could significantly enhance visibility and attract more clients. Potential growth avenues include digital marketing campaigns, social media engagement, and community outreach programs aimed at showcasing completed projects.
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Property Features and Assets:
Vehicles: $165,000 - 2 pickups, plus a van
Equipment: $163,500 – Office furniture, Miscellaneous Tools, Plotter, Signage, Trailer
Market Competition and Expansion:
Growth Opportunities: Implement a marketing strategy as no marketing is being performed
Reason for Selling:
RetirementAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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