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Profitable Spec Home Builder For Sale
Location Texas,United States
Asking Price Range $500K - $1.0M
Gross Revenues $2658568
Net Profit / Cash Flow $280388
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2002
Number of Employees 1 - 3
Relocatable Yes
Number of Employees 1 - 3
Real Estate Owned
Training Seller will train.
Reason for Sale Retirement.
Description This profitable speculative home builder is one of the area's fastest growing builders. Concentrating in established subdivisions north of Houston, it has completed more than 200 new homes over the last 10 years. The success of this business is due to its commitment to personal customer service, attention to detail and its group of reliable, long-term subcontractors. Another key to its success is its strong, long-term relationships within the local real estate and the community banking industries. Projects are initiated and completed via bank construction loan financing minimizing working capital requirements. It has substantial credit accounts at all of the major home construction suppliers. This company serves Conroe, Lake Conroe, Montgomery County, Grimes County and the surrounding areas. Business typically has 10-12 homes under construction and unsold at any one time. While the business' inventory of unsold homes is not being sold, the buyer will participate in the profits of homes under construction at the time of the business closing when the homes are sold. One of the current superintendents is capable of managing the overall construction operation. Seller will transition with buyer at least until the projects under construction and unsold at the time of the closing of the business sale are completed and sold. Please refer to CBB Listing #7589RC
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