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Listed by:

The Firm

On Trend Custom Home Builder In Oklahoma For Sale

Oklahoma, US
Asking Price:
$1,193,000 (USD) Furniture / Fixtures included
Sales Revenue:
$6,540,859 (USD)
Cash Flow:
$432,022 (USD)

Building beautiful on-trend custom homes, this contractor completes projects that sell for $200,000 to over one million dollars. This company builds exquisitely designed custom homes for those that would like to tailor-make everything from the ground-up. For those looking for a high-quality home that features excellent craftsmanship and design, this company has several completed homes that are available for purchase. This team will build a home within a 50-mile radius of Tulsa, a city with great livability and perfect for families. They manage operations from a small office and, if desired, one could run the company from a home office and meet on location or at a local vendor for material selections. The current owner focuses on legal and financial oversight and does not play a major role in daily operations.

Those that manage the projects and who work hands-on will remain in the business, guaranteeing institutional knowledge will be retained for continuous and seamless operations. There are two project managers who handle the bulk of operational tasks including estimating, accounting, and who usher the projects from start to finish. There is also one part-time accountant, a part-time and two full-time general laborers. They also work with a contracted designer. All construction is subcontracted out to long-term local vendors who are specialists in fine home building. Utilizing this approach, growth can be found in continuing the current trajectory and working with a greater number of custom clients. Expansion could be found in building business on both ends of the spectrum, the $200k - $400k range as well as those projects over $1MM.

Property Information

Real Estate:

Lease

Business Operation

Expansion Potential:

Expand into $200k - $400k range, expand high-end home client base

Reasons for selling:

Strategic exit planning

Employees:
5
Years established:
1986

Other Information

Support & training:

90 days or less, all institutional knowledge will remain in place

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Purchase Price: $1,193,000
12.5% Buyer Down Payment: $149,125
12.5% Seller Financing: $149,125
75% Bank Loan: $894,750

A 12.5% down payment of $149,125 returns $166,529 in the first year after debt payments!

Furniture / Fixtures value:
$58,000 (USD) - included in the asking price
Related Documents:

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