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Details

The company is an award-winning luxury home builder that provides custom design and build services, renovations, and interior design for high-end communities and residential neighborhoods in a booming Southeast market.
Key Aspects
• Revenue and gross profit grew at a compound annual growth rate (CAGR) of 33.9% and 31.5% respectively, from 2018 to the trailing-twelve-months (TTM) ending November 2021
• There are approximately 30 homes under contract, with the average project value exceeding $1.5M according to management
• Operating facility is strategically located between three of the company’s primary communities
• Utilizes an industry leading project software allowing customers to see photo updates, view Gantt charts, and select options
• Offers a large portfolio of custom home options and is not limited to any specific home design
• Increased the price of services by 33% in 2021 with no decrease in demand
Opportunities
• Growth potential for the interior design services, which are billed on an hourly basis
• Gain certifications to perform in-house soils classification and septic system approvals
• Establish spec and model homes for rental income and increased product awareness
• Expand in-house capabilities for services currently outsourced to various subcontractors
• Capitalize on the surge in $2M and higher home buyers
Headquartered
• Southeast USA
Current Markets
• The company primarily serves high-end residential customers throughout the Southeast.
Real Estate
• The company operates out of a 2,000 sq. ft. facility leased from an unrelated third party. Management notes the operating facility is relocatable.
Shareholder Objectives
• The company is owned by two shareholders (50%/50%) who are seeking capital to pursue other significant opportunities. They are willing to remain with new ownership for a predetermined transition period.

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