- Business started in 1995

- Located in upstate South Carolina

- They focus on custom home building projects

- Employees: Owner, wife is part time, 2 helpers (W-2's), owner and accountant locally does back office

- Owner does estimating, sales, project manager, and some accounting

- Subcontractors have been with him over 15 years

- Owns the office building – 1 acre (worth around $275,000). Will lease back or can be purchased for the additional amount

- Typically completes 10-12 homes per year

- Average price per home is around $900,000

- Tracking for roughly $5,200,000 in revenue for 2025

- Backlog of 2.5 mil in 2026 so far. Has 8 projects going on now. Owner thinks 2026 will be a really good year

- Most of the business comes from website, word of mouth/referrals

- Marketing company handles the advertising (Google & Facebook)

- Some repeat customers. Completed multiple homes for 4 different clients

- Use Quickbooks online and Softplan for designing

- Just need a residential builder license. Seller is not a GC

- Mainly does cost plus pricing on bigger homes, smaller homes some fixed contract

- The owner is at capacity but there is plenty of demand in the area

- Seller will help transition for 60-90 days and stay on to complete his homes he started. Would be open to staying on for sales, if needed.

- Seller note would depend on the rest of the offer

- Reason for the sale: Owner is in his 60’s and is retiring soon

From Tax Return:

2024: Gross: $5,908,014

Addbacks:

Compensation of officers: $60,000

Interest: $2,640

Depreciation: $4,927

Ordinary business income: $390,009

Adjusted net income for 2024: $457,576

Additional $25,000 in miscellaneous net profit to be added