Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Listed by:

First Choice Business Brokers - #254

Luxury Home Builder And Developer For Sale

Scottsdale, Arizona, US
Asking Price:
$20,000,000 Furniture / Fixtures included
Sales Revenue:
$63,849,031
Cash Flow:
$5,735,064

Scottsdale Luxury Home Builder with Owned Lots for Development

Founded in 2001 with numerous awards, accolades, magazine articles, and news coverage, Luxury Home Builder and Developer is the one of the top luxury homebuilders in Scottsdale, successfully completing over 500 custom home and development projects, totaling over $1billion in value and counting. These projects span the most desirable and exclusive gated communities in Scottsdale, Paradise Valley, and throughout the greater Phoenix area.
Luxury Home Builder and Developer’s unwavering commitment to superb craftsmanship, innovative design, and exceptional customer service has earned them the reputation of a Master Builder. With three developments containing 45 entitled lots ready for construction, there are years of ready to build development in the pipeline. The buyer has the opportunity to purchase 1/2 of the membership interest in three LLCs which own the real estate for $31,500,000. The entire fee ownership is likely available as well. The real estate legal descriptions and the operating agreements for the three LLCs will be provided. This is an amazing opportunity for a builder to walk into a thriving luxury homebuilding business with ready-to-build entitled lots.

Property Information

Real Estate:

Lease

Lease Terms:

Lease Expiration:
01/31/2029

Rent:
$17,572.00

Location:

Scottsdale, AZ (Maricopa County)

Premises Details:

This location is owned and available for sale or lease with Total Rent of $17,572. Square footage of 5,394. Hours of operation are 8am-5pm Monday-Friday with 9 FT employees. $300,000 in FF&E is included in asking price. $1,000,000 is included in Account Receivables. AZ Contractor License required.

Size in square feet:
5,394

Business Operation

Expansion Potential:

Scottsdale luxury residential construction is a very successful space with most clients paying cash for the homes, so interest rates are not a primary purchasing decision. According to a recent article in the Arizona Republic, the $4MM sale price appears to be the sweetspot.

Competition / Market:

There are a handful of competitors, but this company has ready-to-build lots available and possibly more to come.

Reasons for selling:

Retiring

Employees:
9 Full-time
Years established:
25 Years

Other Information

Support & training:

2 weeks

Furniture / Fixtures value:
$300,000 - included in the asking price