Booming High-end Construction and Restoration Firm
Business Description
Construction and Restoration
This fast-growing construction & remodeling firm is a high-end, one-stop, full-service construction shop that exhibits exceptional follow through on all contracts and communication. Their business model centers on a highly tailored and systematized set of tools and processes. After potential clients have passed through several filters, clients are narrowed to those that most closely align with their construction specialty and profitability standards. Key skill sets include custom cabinetry, structural restoration, site preparations, and historical restoration. Their strategic partnerships with designers, engineers, subcontractors, city authorities, vendors and suppliers enables this construction & remodeling firm to efficiently and profitably complete contracts.
This firm has developed a proprietary estimating software driving their client intake process, which has allowed them to institute a frontloaded payment schedule. The estimating tool can be used by someone with no construction experience (with proper training), and output is client-facing, branded marketing that ties into internal processes and a CRM. In addition, several filters extract the clients that meet internal construction and profitability standards while driving several other key metrics (ie client value) that are automatically projected into key performance indicating reports. These tools have contributed to an impressive YOY average growth rate of 40% over the last two years.
As home prices continue to increase across the country, owners are investing in lower priced homes with the need for upgrading. To that end, this firm’s customer base has changed in recent years, shifting from being a “low cost” construction company attracting customers looking for a “discount” remodel, to clients looking for a “high touch” construction team to guide them through complicated and large-scale projects involving many vendors. As a result, their total client count and average project size continue to increase each year, with average project size increasing 58% YOY.
NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
This firm has developed a proprietary estimating software driving their client intake process, which has allowed them to institute a frontloaded payment schedule. The estimating tool can be used by someone with no construction experience (with proper training), and output is client-facing, branded marketing that ties into internal processes and a CRM. In addition, several filters extract the clients that meet internal construction and profitability standards while driving several other key metrics (ie client value) that are automatically projected into key performance indicating reports. These tools have contributed to an impressive YOY average growth rate of 40% over the last two years.
As home prices continue to increase across the country, owners are investing in lower priced homes with the need for upgrading. To that end, this firm’s customer base has changed in recent years, shifting from being a “low cost” construction company attracting customers looking for a “discount” remodel, to clients looking for a “high touch” construction team to guide them through complicated and large-scale projects involving many vendors. As a result, their total client count and average project size continue to increase each year, with average project size increasing 58% YOY.
NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
About the Business
- Years in Operation
- 4
- Number of Employees
- 8
- Facilities & Assets
- Commercial office building was purchased in 2022, and has two oversized garage doors which allow for semi-truck access. Building included in sale.
- Market Outlook / Competition
- As a direct result of consistent price increases, homebuyers are forced to look at homes in greater conditions of disrepair. This firm fits into a particular niche in the metro Milwaukee rehab market. Companies that offer similar services for less lack the in-house support, marketing and overall level of service that sets this firm apart.
The market is split between “John Doe” contractors, usually 1-3 people working under a brand that can only handle a few moderately sized projects (~$50,000) each quarter. These contractors often lack systems, process - Opportunities for Growth
- This firm plans to continue it’s rapid growth by maintaining strong relationships with their vendors, expanding marketing in social media/signage and branding, while also evaluating a potential second office location in a more luxury demographic.
About the Sale
- Seller Motivation
- Both Sellers have other business endeavors requiring their attention and experti
- Transition Support
- To ensure a smooth transition and ongoing success, the Sellers will work with a buyer as needed for a period to be determined as on-call consultants, or as negotiated.
- Financing Options
- TBD if structure and terms are acceptable.
Listing Info
- ID
- 2235610
- Listing Views
- 1649
Listing ID: 2235610 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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