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Milwaukee, Milwaukee County, Wisconsin
Construction And Restoration Firm - Full Service
Asking Price
$3,000,000
Revenue
$1827057
Down
Call/Email
Cash Flow
$465,429
Name: Rick Carlson
Phone: Show phone number
Name
Rick Carlson
Phone
Show phone number
Description
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.
Detailed Information
Facilities: Commercial office building was purchased in 2022, and has two oversized garage doors which allow for semi-truck access. Building included in sale.
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, processes, contracts, and consistent vendors. The other end of the spectrum is the luxury level contracting companies which service the larger budgeted projects in the greater Milwaukee area. These organizations are usually older in nature, require substantial overhead, and will turn down work under $50,000 as the jobs are too small to compensate for their margins.
This firm has uniquely positioned itself between the “John Doe” contractors and luxury level contractors, with their finish products capable to compete in the luxury level space but priced strategically lower than the competition. This firm is also in a position to pivot towards smaller work with greater speed and accuracy than their competitors.
Growth & Expansion: 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.
Financing: TBD if structure and terms are acceptable.
Support & Training: 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.
Reason for Selling: Both Sellers have other business endeavors requiring their attention and expertise.
Posting Information
Posting ID:
286687
Business Category:
Maintenance, Service, Home Improvement, Building & Construction
Business Types:
Construction & Home Builder
Remodeling, Restoration Service
Keywords:
Milwaukee, Milwaukee county, wisconsin, construction, restoration, remodeling
Attributes:
Broker Cooperation
Financial Assistance
Owner/Seller Financing
Training And Support
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Once signed, you’ll receive access to confidential business details including the business name, address, and financials.
Posting Title
Construction And Restoration Firm - Full Service
Posting ID
#286687
Full Name (Required)
Email (Required)
Phone (Required)
Your NDA Request has been Sent!
Please check your email for updates — the seller will send you the NDA to review and sign before sharing any confidential details.
Agent, Broker or Seller Contact
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