Opportunity Highlights
Annual Figures 2024:
- Gross Sales: $5,908,014
- Net Profit: $457,576
Expenses 2024:
- COGS: $5,103,124
Business Overview
- Business started in 1995
- Located in upstate South Carolina
- They focus on custom home building projects
- Employees: Owner, wife is part time, 2 helpers (W-2's), owner and accountant locally does back office
- Owner does estimating, sales, project manager, and some accounting
- Subcontractors have been with him over 15 years
- Owns the office building – 1 acre (worth around $275,000). Will lease back or can be purchased for the additional amount
- Typically completes 10-12 homes per year
- Average price per home is around $900,000
- Tracking for roughly $5,200,000 in revenue for 2025
- Backlog of 2.5 mil in 2026 so far. Has 8 projects going on now. Owner thinks 2026 will be a really good year
- Most of the business comes from website, word of mouth/referrals
- Marketing company handles the advertising (Google & Facebook)
- Some repeat customers. Completed multiple homes for 4 different clients
- Use Quickbooks online and Softplan for designing
- Just need a residential builder license. Seller is not a GC
- Mainly does cost plus pricing on bigger homes, smaller homes some fixed contract
- The owner is at capacity but there is plenty of demand in the area
- Seller will help transition for 60-90 days and stay on to complete his homes he started. Would be open to staying on for sales, if needed.
- Seller note would depend on the rest of the offer
- Reason for the sale: Owner is in his 60’s and is retiring soon
From Tax Return:
2024: Gross: $5,908,014
Addbacks:
Compensation of officers: $60,000
Interest: $2,640
Depreciation: $4,927
Ordinary business income: $390,009
Adjusted net income for 2024: $457,576
Additional $25,000 in miscellaneous net profit to be added