West Michigan Home Construction Company (RA144)

Status

Company Summary

This family-owned Company provides expert home construction and remodeling services as well as light commercial construction. Home construction includes the full range of projects from entry level to custom homes. It also has separate divisions with expertise in remodeling, roofing, siding and window replacement. With experienced employees, the Company can limit dependence on subcontractors. Sales are strong, with more demand than can be met. The current owners are involved in management and sales but will stay on for a transition period as needed. As they plan retirement, they offer an excellent purchase opportunity to hands-on buyers wanting a strong and growing enterprise or to other construction companies seeking to obtain a well-known construction business and a full-time highly talented workforce.

Also available to purchase is a subdivision development, should a buyer be interested.

Growth Opportunities

Expanding Local Housing Market – The region served by this Company is experiencing extremely high demand for residential properties, both new and previously owned, generating a strong market for new construction as well as remodeling services.

Investment Highlights

Strong Local Reputation – The Company has a history of quality work and a strong reputation in the region. Most of its sales come from referrals and repeat customers.

Location Flexibility – The Company operates in leased facilities, with the lease expiring in 2019, giving a new owner opportunity to remain in the current location or relocate to a new location of their choice.

Diversified Products and Services – The Company has intentionally developed and maintained abilities in remodeling, roofing, siding, and window replacement, in addition to new construction capabilities, providing the opportunity for sales stability in shifting market demands.

 

2018 Revenue:                       $1,930,000

2018 Adjusted EBITDA:       $234,000

 

 

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