Listing Number: 76931-392809
Description
2022 is proving to be a great year, possibly their best to date. This successful and growing low volume builder has a beneficial mix of custom and spec homes (65%/35% approx), usually with about 10-15 completions annually. The custom homes are typically built on lots they own, an important strategy to control availability and build locations. Well run with good written processes and procedures and a sub-contractor base in place.
The inventory to be included is 10 vacant lots for future development. Additional lots are available at additional cost. The proposed transaction structure would provide for immediate cash flow to a buyer without the need to purchase projects in progress. We believe this structure will allow the sale to be financed using SBA financing.
This is a good opportunity for a builder looking to expand into the Texas and/or north Houston markets or for a project manager with a production builder ready to run his own business.
Listing Details
- Price: $ 999,000
- Down Payment: --
- Sellers Discretionary Earnings: $ 584,000
- Total Sales: $ 4,505,000
- Location: Harris County, Texas
- Inventory: $ 110,000
- FF&E: $ 170,000
- Employees: 5
- Year Established: 2001
- Reason for Selling: Retirement
- Category: Construction
