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Extremely Profitable Houston Construction Business Semi Absentee Owner For Sale

Houston, Texas
Asking Price:
$1,200,000 Furniture / Fixtures included
Sales Revenue:
$8,258,057
Cash Flow:
$961,725

Want to own a business featured in the INC 5000? This construction company is a unique opportunity to take over two very successful businesses in one, an investor-driven construction company and a fix and flip/remodeling business with high recognition in its market. The center of this business is construction, they offer turnkey construction services to investors who rehab and flip houses but don't have their own crew - and they flip their own houses for profit. In house flips generally represent about 60% of income and construction services for 3rd parties represent about 40% of income. The owner has dedicated his time to implementing systems and processes that allow him to bring on jobs, whether for an investor or for the company, and remain off of job sites and not dealing with the hardships and pitfalls that construction can bring. There is a team member in place for each stage of the flip, from acquisition, estimating, construction management and disposition so that the owner can remain hands off and grow the business; the current owner is working less than 20 hours a week on average. The construction projects for investors have mostly been through referrals and word of mouth with no formal advertising, a new owner could dramatically increase profits by starting a marketing campaign for construction services. There is currently a HUGE demand for turnkey services with the rise of the real estate market in Houston. Increasing advertising for the fix and flip side of the business could also greatly increase profits. This business currently does not work with individual homeowners, only investors and investment properties. Most subcontractors work almost exclusively with this company and the average tenure is 7-8 years. They have an established, reliable crew which all carry general liability insurance and are 1099'd at the end of the year. The name is highly respected within the Houston investment circle and could quickly and easily expand with the right owner. The current owner will train and will consider an extended consulting period after closing.

Seller's Discretionary Earnings: $961,725 Proforma

Property information

Real Estate:

Lease

Location:

1250sf facility in office bldg

Business Operation

Expansion Potential:

Advertise services (currently there is no advertisement). begin taking commercial jobs (nearly all past jobs have been residential). Expand to other Texas metroplexes with very little cost to expand.

Reasons for selling:

Owner wants to expand in other areas of real estate

Trading hours:

6 days, Mon - Sat 8am - 5pm

Employees:
5Ft; 23 contractors
Years established:
2012

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$50,000 - included in the asking price
Related Documents:

Contact Information

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