Prestigious Remodeling & Renovation Contractor

South East

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Asking Price: N/A

Cash Flow: $2,000,000

Gross Revenue: $14,000,000

EBITDA: $1,700,000

FF&E: $150,000

Inventory: N/A

Established: 1982

Prestigious Remodeling & Renovation Contractor

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Business Description

The Company is primarily engaged in the business of custom building and remodeling of homes on customers lots in prestigious communities along the cost in the Southeast US. The Company has become the leading custom home builder/general contractor within its regional market by following a customer-centered approach and building/renovating the home of each customer’s dreams. The Company has provided construction services to over 1,000 discerning clients. Whether new construction, renovation, historic restoration or an integrated green residence; the Company has fulfilled client’s dreams with homes that hold their value and are environmentally friendly. During the last fiscal year, the revenue breakdown was as follows: Renovations (64% of revenue), New Construction (35%), and Property Management (1%).

The business model separates the Company from its competition as most of its present client base has approached the owners first. The Company acts as the liaison between the clients and architects, land planners, interior designers, etc. Management has “special knowledge” regarding very complex historic, state, DEP (Beach front), and houses with existing floodplain non-conformities. The Company is involved with its clients early in the process and maintains an extremely high client recapture rate. The Company employs 51 full-time personnel including: 17 carpenters, 13 painters, 13 subcontractors (work exclusively for the Company), 4 project managers, 2 administrative personnel, and 2 owners.

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Detailed Information

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Reason for Selling:
Retirement & Liquidity Purposes
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(from currently available funds)
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Barry DeWitt

Business Listed By:
Barry DeWitt

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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