The owner of this business does financial oversight only – no labor! A 12.5% down payment of $143,750 returns $193,805 in the first year after debt payments. 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. This purchase comes with great assets, including $5,000,000 worth of work in progress!
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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