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High Profit Land Development Company

Fort Worth, TX (Tarrant County)

Seller Financing Available
High Profit Land Development Company
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Asking Price: $6,200,000

Cash Flow: $2,501,761

Gross Revenue: $6,377,933

EBITDA: N/A

FF&E: $1,772,000

Inventory: $10,000

Real Estate: $8,400,000*

Established: 1998

*not included in asking price.

High Profit Land Development Company

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Business Description

Own both the History and the Reputation! Our client is one of the most prominent Land Developers in the Dallas/Fort Worth Area, with over 20 years of experience.

For immediate sale due to retirement.

The Seller has operated this very profitable, well established company for 20 years (formed in 1998 and incorporated in 2002). The company has enjoyed a superb credit rating and multi-million dollar credit lines. This firm has a fabulous reputation with no need to advertise. Sale of the development lots is exclusively accomplished business to business. Long standing relationships with large, prominent custom home builders in the Metro area allows this company to generate sales automatically. They simply notify the builders of new development lots coming available and the lots are sold immediately. This business has unlimited growth potential. The company is on track this year to double 2018 results (see sales and earnings for the last 12 operating months below). A fully trained staff runs day to day operations with owner oversight. A Prospective buyer does not need construction experience but will have a solid business background, including larger scale business experience with some history. Included in the sale price will be over $1M in equipment assets, vehicles, and inventory. Also to be sold separately (not included in the sale price) is Real Estate currently exceeding $12M in value. This company is completely self-sufficient and does not use sub-contractors or outside equipment for infrastructure development (road/street construction, lot development, utility install, etc.). Please Note, the real estate segment of the sale is flexible, and is not included in the sale price of the business itself as stated above. The purchaser is welcome to buy all or only limited segments of the real estate separately.

If desired, the Seller will stay with the business and train the purchaser in land development for 1 (included in the purchase price.

A partial list of focal areas applicable to training will be:

- Land Purchase Strategies (Price and location)
- Pricing Methods for Sales
- Overhead Management
- Municipal Regulations
- Targeted Sales Strategies
- Commercial vs Residential Development Methods
- Effective Funding/Lending Strategies
- Infrastructure Development
- Strategies for purchasing equipment, supplies and materials
- Effective Federal Tax strategies

Subject to the timeline of the transaction process, the sale price as stated would be adjusted based on actual open lots currently available and/or open land tracts at time of sale. There are multiple options available to the purchaser. An equitable settlement factor for work in progress will likewise be developed.

This company has been so successful (even through the recession years) that they enjoy long standing relationships with specific area lenders. These special relationships would be easily transferable, but only for the well qualified purchaser. The buyer will need to have adequate capital resources and a solid credit history to enter into this field. Credit lines are essential.

Detailed Information

Location:
Fort Worth, TX
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Three Separate Warehouse/Office Complexes. These are sold separately along with the real estate offering. Facilities exceed 10,000 sq ft. Large Machinery Workshop.
Competition:
This Company does not pre-occupy itself with the competition, but has concentrated on a long term reputation of excellence. The company is the top developer in their area of operations. The Company has developed a unique formula for land development. Further, long term relationships with local builders (large and small) and a deep history with key subcontractors and suppliers are in place. The builder network facilitates automatic sales of lots from a marketing standpoint. Finally, long standing relationships with local municipal authorities and the utility companies provide a solid foundation for doing business effectively in the area. All these aspects of operations will be incorporated into training and orientation for the purchaser.
Growth & Expansion:
This Owner has been in construction throughout his professional life and started his own company 20 plus years ago, initially specializing in higher end custom home design and building, with progressive expansion into land development (both residential and commercial). With an emphasis on impeccable quality craftsmanship, innovative and beautiful home designs, and a firm stance behind the end product (including a solid warranty), this company first developed a huge reputation for building quality custom homes, quickly differentiating themselves from their competition. This same standard of excellence has been carried on into land development.
Financing:
Some Owner Financing may be available depending on Deal Structure
Support & Training:
If desired, the Seller will stay with the business and train the purchaser in land development for 1 year (included in Business Price). Extensions are optional
Reason for Selling:
(Semi)Retirement
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Paul D. Von Vogt

Business Listed By:
Paul D. Von Vogt

Trinity Business Services

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