Award-Winning Residential Home Builder
The company is an award-winning residential home builder that focuses on first-time home buyer market. Services include speculative and custom new construction homes. The company specializes in “trend forward” designs.
• Revenue and adjusted EBITDA grew at a compound annual growth rate (CAGR) of 43.1% and 105.6% from 2017 to 2020, respectively.
• Average gross profit margin of 25.1% from 2017 to 2020
• 108 units currently under construction as of 4/1/21
• Inventory of 366+ units/lots as of 4/1/21
• Outstanding reputation and brand recognition in the market
• Winner of several nationally recognized awards including
• Trusted subcontractor network
• Qualified team with extensive industry experience
• In-house dedicated sales team
• Expand to all five major metro markets within 150 miles of the company's operating facilities.
• Implement a purchase order and work order system to standardize purchase and labor costs
• Standardize supplier relationships and rebate programs
• The company operates from two facilities leased from a related entity. The facilities are located next door to one another and total approximately 5,000 sq. ft. of office space. There is room to grow in the current location. The owners are willing to entertain selling the facilities or entering into a long-term lease.