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Profitable & Growing Premier Custom Home Builder

MI (Relocatable)

Seller Financing Available
Profitable & Growing Premier Custom Home Builder
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Asking Price: $2,100,000

Cash Flow: $747,349

Gross Revenue: $6,464,282

EBITDA: N/A

FF&E: $131,000

Inventory: N/A

Rent: $1,350 /Month

Established: N/A

Profitable & Growing Premier Custom Home Builder

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Business Description

Opportunity to Work or Expand in Fast Growing Northern Michigan

This builder is a premier custom luxury home building company that has a strong, established reputation for high integrity, customer service and quality. There are an over-whelming number of home building companies doing business in Michigan. Many of these companies appear for a few years only to quickly disappear when the economy gets weak and then reappear when home building begins to boom again, often under a different name. With a 30-year history, the owner has built a top trusted name in the building industry and has developed one of the most well-known brands for luxury custom home building and remodeling in Northern Michigan.

Some other key differentiators include:
• The company has prospered and continues to grow its already healthy footprint in the lucrative segment of custom home building focused on luxury lakefront living.
• Over $13.3 million in active work-in-process business, with $6.7 million remaining to be billed and another $1.3 million in projects awaiting to be awarded.
• A culture that begins with listening to customers, operating with integrity and making the customer’s vision a shared vision.
• Exceptionally strong brand built within their focused geography and beyond.
• Besides a focus on building luxury homes, the company is a go-to resource for performing major remodeling projects and additional structures.
• Several identified growth opportunities for a new owner.
• The company more than survived the great recession, rather found a way to prosper and position themselves for the growth they have realized.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Employees:
22
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The office is leased in a small shared office building. The office includes: • 4 offices with windows and natural light that are fully equipped. • Large reception area. • Newly painted and carpeted. • Large conference room • New kitchen with eating area. • Ample storage space
Competition:
While the market has a large number of other builders, but few have tapped the high-end custom home market this company is known to service. Securing contracts has not been a concern since the turnaround in this industry in 2009.
Growth & Expansion:
increasing profit margins further and driving even greater dollars to the bottom line of this company. • Using the established reputation of the business, create a new division that handles property management and maintenance starting with the homes that they built or updated. • Hire a full-time sales person to grow the company.
Financing:
Seller is willing to provide some seller financing to support buyer with SBA loan.
Support & Training:
Owner willing to provide necessary transition assistance.
Reason for Selling:
Retirement
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Contact the Seller

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Curtis D. Kuttnauer, BCA

Business Listed By:
Curtis D. Kuttnauer

Golden Circle Advisors

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