Asking Price $975,000
Financial Information
Revenue: $8,241,018 Income: $824,661
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South Dakota Custom Home Building Firm w/ $10MM in Annual Revenue in a Rapidly Expanding Market Primed & Ready for Sale

Peerless Local Reputation for Excellence; Multidisciplinary Construction Specialties, Rapidly Expanding Local Real Estate Market

Are you ready to invest in the future of the Black Hills housing boom? This Company is priced to sell quickly. All Letters of Intent must be submitted by August 27th. The Company offers custom home building services as well as remodels and renovations for homes across South Dakota. It is 100% family-owned and has been in operation since 2010.

The Company specializes in all aspects of high-end custom home building, including carpentry, stone masonry, custom beam, and timber frame-work, metal fabrication, granite countertop fabrication and installation, heating and cooling systems, custom trim work, and full excavation, including specialized rock excavation.

Local home prices have been consistently on the rise in the past year and a half, and each spends significantly less time on the market. The Company is fully booked for 2021 and continues to schedule jobs for 2022. South Dakota has seen a 0.67% population increase in 2021 alone, adding to the demand of homes for people moving out of city centers and to lesser-populated areas.

Through on-site supervision and efficient scheduling, the Company keeps its subcontractors focused on the job at hand. This allows the Company to complete projects on time and faster than other builders and leads to savings in time and costs.

The Company has a showroom, which allows customers to see firsthand the components that will become a part of their future dream home. Everything from siding and roofing to doors, cabinets, and flooring is on display, adding a layer of depth to the customer service experience.

Purchase Considerations

~Steady cash flow supported by a strong and loyal customer base with many repeat clients.

~Peerless local reputation for excellence in a rapidly expanding market.

~22 homes have been completed so far in 2021 with an average price of $515,000 up from $400,000 just one year ago. The Company is currently booking jobs for 2022.

~Multidisciplinary specialties that cover all aspects of custom homebuilding, including carpentry, stone masonry, custom beam and timber frame-work, metal fabrication, granite countertop fabrication and installation, heating and cooling systems, custom trim work, and full excavation including specialized rock excavation.

~Approximately $10 million in revenue, $2.0 million in gross profit and over $1.4MM in net profit (TTM).

~The owner is open to a mutually agreeable transition period with the incoming buyer until they feel comfortable enough to take over.

~Ownership believes that current employees would be willing to stay with the new owner following the sale of the company.

The company is for sale for $975,000

The principal Aaron Linnebach of Raincatcher is a registered representative offering securities and investment banking services through Britehorn Securities, a registered broker-dealer (member FINRA/SIPC). Britehorn Securities and Raincatcher are not affiliated entities.

Locations
stateLevel
Employees
2 Full-Time  
Years in Business
11
Asking Price
$975,000
Terms

Negotiable

Ownership
100% 
Facilities
The seller owns the real estate and will entertain the idea of selling the property with the business. 3,600 sq.ft for the main building + 4,000 sq.ft storage building.
Reason For Sale
It has been a long term goal for the current owner's and their family to relocate to Tennessee.