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Details

A young married couple’s flipping business grew exponentially thanks to a fresh outlook and lots of hard work to become what is now a strongly branded multi-faceted residential and commercial construction and development company. 2021 closed out just shy of $10 Million in gross revenue.

As they became more successful, the scope of projects grew and now include custom home building. By forming a partnership with the area’s most influential real estate firm, they have plotted strategic purchases for the residential development of lots and acreages. Meanwhile, the commercial and remodeling sides have been spun off to trusted associates who license the use of the Company name and continue its traditions of quality and innovative design. All of the Company’s acquisitions have a purchase order attached.
Although launched in 2011, the Company’s catchy name is now synonymous with quality and home-grown success.

NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by broker.

Detailed Information

Facilities: No facilities. The company is based in a new, well-located commercial strip mall. The space hosts the administrative offices and is part showroom as well. Rent is $2,400 per month.

Competition: The Company is one of the youngest builders in the area. Some owners of businesses that have been around for a long time (name recognition being the only advantage) are over 70 years old. Some have already retired in the Covid climate, others are expected to close or sell off soon. Offering superior customer service and presenting modern designs for younger buyers have made a huge difference in gaining market share.

Growth & Expansion: One project underway is a 27-unit townhome community. Several other multifamily projects are on the horizon. Additionally, in the last two years, many clients have been moving from out of state with nearly one-third of the portfolio being built for clients from California. Making additional land acquisitions will be the most direct route to increasing revenues.

Financing: TBD if structure and terms are acceptable.

Support & Training: To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed.

Reason for Selling: A sale will generate capital needed to maintain growth and reduce lender fees.

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.