Ad ID: 74498 Inactive

Boutique Residential Building Business for Sale Hamilton

Boutique Residential Building Business  Waikato

plus sections

Business for Sale Description

Boutique Residential Building Business for Sale Hamilton

Business Opportunity

The current owners started their design and build company some 5 years ago specialising at the high-end of mid-range design and build for the 50+ age group market.

A big part of their success comes from a decision they made to offer house and land packages rather than just build. At present they are part way through a project which will offer a new owner approximately 2 years of work if they decide to continue to operate the business similar to the current owners.

Over the last five years, the owners have developed strong relationships with key suppliers and tradesmen. They have also experimented with contracting out some of the building projects.

Future opportunities

Subsequent completion of the current projects and investing in another Show home. The previous show home was an outstanding success with over 5000 potential clients viewing it in the first year, and achievement of a Master Builders National Gold Award for the home. This is where the current owners feel a new owner should focus as there are many benefits from operating a show home.

Easily Managed

The business uses contractors for all aspects of its operations. This structure allows for better management of the ebb and flow of its own projects as well as the wider building industry cycles.

The owner’s role in the business is the general oversight of the business, getting involved with sales and contract negotiations, quoting and overseeing project management.

The business has a very simple project based low overhead approach.

Substantial Forward Pipeline

With having 2 years of possible work in place a new owner has an opportunity to get themselves well established in this business.

Ideal Owner

The ideal owner of this business is someone who has project management skills or is very sales oriented. An understanding of the building industry will be an advantage. Alternatively, this business could fit well into a “group” situation where an existing home builder and operator could manage this business as a stand-alone operation or absorb it into their current business.

Sale price:  $1,000,000 plus sections at cost of approx. $2,600,000

EBPITD:  $567,966 average of last 2 years

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