High Profit Custom Building and Land Development Company

Fort Worth, TX (Tarrant County)

Seller Financing Available
High Profit Custom Building and Land Development Company

Asking Price:$800,000

Cash Flow:$450,000

Gross Revenue:$3,000,000

EBITDA:N/A

FF&E:$440,000

Inventory:$30,000

Real Estate:$420,000*

Established:1998

*not included in asking price.

High Profit Custom Building and Land Development Company

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Business Description

Own both the History and the Reputation! Our motivated client is one of the most prominent Home Builders in the Dallas/Fort Worth Area, with over 20 years of building experience in the construction of fine Custom and Spec homes.

For immediate sale due to this motivated owner's need to implement some immediate retirement plans and projects.

Home Building Business for sale at $800K or BEST OFFER.
.
Very profitable well established home building company formed in 1998 and incorporated in 2002. Superb credit rating and multi million dollar credit lines. Fabulous reputation with no need to advertise. Tremendous referral business. Very high growth potential. Sales of 2.8 million 2015 with net earnings to owner of 200K plus another 100K + ad backs and seller benefits. Sales through 9-30-16 already over 3 million with net income exceeding 2015 financial results. Expected sales for 2016 to be 4 Million + with income well over 2015 results. Based in Dallas /Fort Worth Texas market. Fully trained staff and subcontractors to run day to day operations. Prospective buyer does not need construction experience. Includes 192K in equip , assets , vehicles and inventory. Also includes several hundred exclusive custom floor plans designed by the company worth estimated 250K. Seller will teach buyer how to use software and custom design houses.

Also land development business available with 500k annual net earnings. Will sell separate or together. Will sell home building business for $800,000 for operating business. Includes vehicles ,inventory and equipment. Seller will consider owner financing for a portion of the sale. Land development business is 1.5 million. Land and buildings are also available and will be sold separately.
Seller seeks to retire and has immediate plans that must be implemented in the near term. We will look at any reasonable offer.

Exceptional home construction starts with the basics, and this company begins the build with a unique formula for a solid home foundation, a critical element to the longevity of residential structures especially given the challenging soil make-up of the North Central Region of Texas. Included in the sale is an extensive blueprint portfolio of unique and beautiful architectural designs developed over the last 20 years by the owner. Or the builder will customize to suit. This builder caters to home buyers that are looking for a new home in the $350K to $500K range. Unique features come standard with these elegant residential designs as opposed to incorporating expensive unbundled upgrades. This builder is in high demand. They do not have to advertise for buyer clients, but enjoy the luxury of abundant new client contacts through referrals earned based on a reputation of quality home construction built up through the years. The qualified buyer of this business need not be a residential builder by profession, but will possess a strong business background. All of the expertise required in tandem with long standing relationships with the best sub-contractors is already in place. The residential building division of this company is being offered for sale stand alone at $800,000.

For the more adventurous buyer, this owner also specializes in development of higher end private home communities, and has platted residential land development opportunities already purchased and ready to go. The development side of the business is currently a separate division of the company under a separate entity. All the purchaser of this excellent construction company need do is start building. The Development Division is being offered as a separate (optional) component of the sale at $1,500,000. (Sale includes the land and platted survey). At buyer’s discretion, if the development division is purchased along with the residential building component, the Seller would consider a separate longer term consulting agreement to stay with the business and train the purchaser in land development as well as help with construction oversight as a third component of the sale. But in any case, the Seller will stay for a three month period at no cost to transition the company in an efficient manner.

This company has been so successful (even through the recent recession years) that they enjoy long standing relationships with specific area lenders. These special relationships would be easily transferrable to the well qualified purchaser.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
5,000
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Office and Warehouse: Approx. 5,000 Sq. Ft. (Real Estate purchase optional-not included in the current sale price).
Competition:
This Company does not pre-occupy itself with the competition, but has concentrated on reputation and a satisfied customer base.
Growth & Expansion:
This Owner has been in construction throughout his professional life and started his own company 20 plus years ago. 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 has developed a huge reputation for building quality homes and has differentiated themselves from their competition. The mission of this company is quality construction, starting from the foundation through to the roof top. Their marketing approach is to offer many upgraded features as standard, as opposed to selling upgrades which inflates the cost of the home, a common industry practice. They place a high value on referrals and this strategy has paid off over time. The diversity of their blueprint portfolio offers the buyer unlimited home design options. As a result, they have all the buyer clients they desire.
Financing:
Owner Financing is Available
Support & Training:
As needed per Purchaser Requirements
Reason for Selling:
Retirement

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Paul D. Von Vogt

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Paul D. Von Vogt

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