The range of services includes design, plot sourcing,
development, subdivision planning and remodels. There are
seven full-time W2 staff members including a General
Manager, two Project Managers, a Project Coordinator, a
Draftsman, a Controller, and an Administrative Assistant – all
labor and construction is subcontracted out. The owner
dedicates approximately 20 hours per week focusing on
financial reviews, and providing general oversight of the team.
Given the existing personnel, no immediate replacement for
the owner is necessary, as current staff can absorb these
roles. This firm specializes in providing high-quality home
design with project management focused on high-net-worth
residential buyers. The dedicated team works out of an 1,800
sq ft office in Upstate New York.
They have clients within a
50-mile radius of Saratoga County. To facilitate a smooth
transition, the seller is willing to provide training for a period of
1-2 years, plus carry 20% of the purchase price to show his
vested interest in the continued success of the business post
close.
Priced at $5,200,000, a 10% down payment of $520,000
returns $742,041 in the first year after debt payments!
Currently, this business does not engage in any marketing
activities. Implementing a marketing strategy could
significantly enhance visibility and attract more clients.
Potential growth avenues include digital marketing
campaigns, social media engagement, and community
outreach programs aimed at showcasing completed projects.