Custom and Speculative Residential Home Builder
| Gross Revenue: | $9,670,174 |
| EBITDA: | $507,388 |
Description:
The Company is a custom and speculative residential home builder serving clients in the Southeast. The Company also provides weatherization services secured through recurring government contracts.
Key Aspects:
• Revenue grew at a compound annual growth rate (CAGR) of 30.4% from 2020 to 2023
• Average adjusted EBITDA grew at a CAGR of 8.0% from 2020 to 2023
• Secured contracts funded through the US Department of Energy (DOE) are for home weatherization projects
• Company-owned speculative properties
• 17 homes contracted to close in 2024
• Successful operating history of 15+ years
• Floor-plan driven model offers a versatile portfolio ranging from model plans to full custom homes
Opportunities:
• Capitalize on increased government funding for home weatherization projects
• Develop planned subdivisions within large tracts of land
• Expand geographically to neighboring counties and high growth areas
• Market to newly built communities with the construction of model homes and increased advertising initiatives
Headquartered:
• Southeastern, US
Current Markets:
• The Company serves clients ranging from first-time home buyers to the highly customized home market in its state.
Real Estate:
• The Company operates from two locations, a 2,957 sq. ft. model home owned by the Company, and a 1,200 sq. ft. office building leased from an unrelated third party. Management notes that the business is relocatable and the real estate is included in the sale.
Shareholder Ownership:
• The Company is equally owned by two shareholders, one is active and willing to remain with the Company, and the other a silent partner who is seeking to exit the business following a sale of the Company.
