Listing Number: 67675-364849
Revenue is 100% residential custom homes with 2021 production 100% pre-sold and 75% pre-sold for 2022. 2022 revenue forecast is expected to soar to $48M. Land to build on for H1 2023 production is purchased as well.
An excellent opportunity exists for an industry buyer looking to enter this proven market region. The owner is seeking to retire.
~ Experienced Management Team – Ownership has not changed hands since its founding. The senior management team has 70+ years of collective home building experience.
~ Strong Strategic Partnerships – Premier strategic partners with key brokers and developers and a strong supplier base.
~ Use of Industry-Leading Software – 3rd Party construction software, Co-Construct, implemented across the business in 2020 and used to manage projects from inception to closing.
~ Industry Growth – With a sales CAGR of 45% from 2018A to 2021F, industry growth is fueling accelerated growth and a large pipeline. During this period, the average home sales price has also increased by c. 78%.
~ Strong Demand – The location of this business simply could not be better. This highly regarded "living destination" continues to attract many high-paying international businesses amongst its industry-diverse business sector
~ Corporate Identity – Branding and website marketing is targeted to researched demographics maximizing growth to segmented clients.
Decades of industry experience have helped this specialized construction business position itself as a respected and preferred industry leader. The business leaders have set in place critical marketing and efficient systems building a strong foundation for sustainable growth.
- Price: $ 20,000,000
- Down Payment: --
- Sellers Discretionary Earnings: $ 3,884,858
- Total Sales: $ 32,224,529
- Location: North Carolina
- Inventory: $ 0
- FF&E: $ 0
- Employees: 13
- Year Established: 2003
- Reason for Selling: Retirement
- Category: Construction