Business Description
Great Construction – Residential Opportunity with no need to advertise
RVA Business is proud to present this reputable, million-dollar Home Construction and Remodeling Company located in the thriving Northern Neck of Virginia.
The Northern Neck is seeing an influx of vacationers eager for a second home and retirees relocating. New home construction represents 50% of the revenue. Existing home renovations, additions, decks, and roofs contribute the remaining 50%.
The Company is always the first referral from past clients and vendor partners. They have more business than they can handle and have never needed to advertise or have an online or social media presence.
The Business outperforms its competitors with their high touch customer service, exceptional quality, honest pricing, construction time, and design vision. Unlike competitors who build the same style house again and again, homeowners choose Company for their vision. The Company dedicates time with homeowners to understand their needs and help them decide what type of design would work best for their lives.
The Buyer will start off strong with $635,000 in contracts already on the books for 2022 and $900,000 estimates out for review. This is an opportunity for growth. The Seller’s retirement is the perfect time to advertise, add employees and subcontractors, and build a social media profile.
Numbers: Asking Price $450,000 Projected 2021 Sales $1,600,000 Projected 2021 SDE $220,000
Key Investment Considerations:
$900,000 in Pending Contracts
$635,000 Contracts booked for early 2022
14% Cash Flow
$40,000 in Assets
Exceptional reputation with clients and vendor partners
Elegant eye for design
Expert staff and subcontractors
High-quality materials
High-touch, exceptional customer service
Has never advertised – Tremendous Room for Growth!
Detailed Information
Location: Reedville, VA
Employees: 5
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Work from Home Office (Home Based)
Competition: The Business outperforms its competitors with their high touch customer service, exceptional quality, honest pricing, construction time, and design vision. Unlike competitors who build the same style house again and again, homeowners choose Company for their vision. The Company dedicates time with homeowners to understand their needs and help them decide what type of design would work best for their lives.
Growth & Expansion: The Northern Neck is seeing an influx of vacationers eager for a second home and retirees relocating. New home construction represents 50% of the revenue. Existing home renovations, additions, decks, and roofs contribute the remaining 50%.
Support & Training: Owner will negotiate a reasonable period to assure smooth transition
Reason for Selling: Owner is 70
Home-Based: This business is Home-Based
Asking Price: $450,000
Cash Flow: $300,000
Gross Revenue: $1,800,000
EBITDA: N/A
FF&E: $40,000
Inventory: N/A
Established: 2008
