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General Contractors Single / Multi Family Houses
Location North Carolina,United States
Asking Price Range $250K - $500K
Gross Revenues $300000
Net Profit / Cash Flow $284000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1971
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Owner available for transitioning period.
Reason for Sale Retirement.
Description This profitable turn-key construction company for sale was founded by the current owner in 1971. This company has built an excellent reputation along the way. The business owner would like to retire and hand the keys over to someone who will appreciate this business just as he has over the last 39 years. With the economy improving; new home sales will bring an abundance of business to the new owner of this business.
This construction company builds quality custom and spec homes from foundation to final fixtures. They have acquired subcontractors for all phases of the building process. These subcontractors have worked with the company for at least ten years, some for as long as thirty years. The owner is proud of the work they do in building custom and spec homes. No equipment is required for completion of current jobs and capable staff are already in place, handling the present workload. This business has everything a new owner would require to begin building and several have already been planned with improvements. Their subdivisions remain appealing and well sought after. Seller is willing to work with new owner to get him familiar with Business and Sub-contractor. Contact today about this business with rental revenue already in place, a fine reputation that is ready to build and market fine new homes makes this establishment a winner!
This offering includes an option for 2 spacious office buildings which are 5,100 SF and strategically located and are used for rental purposes. The spaces consist of single offices, double and large office spaces as well. All rented at this time except for 700 sq. ft. There is a property that could be rezoned to 55+ community. 2 more areas are ready for building to be started. One has 12 lots (1,600 sq ft minimum), the other has 15 lots. Plus and additional 15.6 acres which are not divided, could be divided in to 4, 4 acre each lots, this is located by a golf course. Property valued at $1.7M
Asking $395,000
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