The company is a custom and speculative residential home builder serving clients in the Southeast. The company also provides weatherization services secured through recurring government contracts.

Key Aspects

Revenue grew at a compound annual growth rate (CAGR) of 79.9% from 2018 to the trailing twelve months (TTM) ending June 30, 2022
Adjusted EBITDA grew at a CAGR of 92.6% from 2020 to the TTM ending June 30, 2022
Over $20M in revenue in backlog for homes in progress as of July 26, 2022
Secured contracts funded through the US Department of Energy (DOE) for home weatherization projects
Company owned speculative properties

Opportunities

Capitalize on increased government funding for home weatherization projects
Develop planned subdivisions within large tracts of land
Expand geographically to neighboring counties and high growth areas
Market to newly built communities with the construction of model homes and increased advertising initiatives

Headquartered

Southeastern US

Current Markets

The company serves clients ranging from the first-time home buyer market through the highly customized home market in the Southeast. The company offers three different home lines with floorplans to meet a wide variety of client needs and wishes.

Real Estate

The company operates from two locations, a 2,957 sq. ft. model home owned by the company, and a 1,200 sq. ft. office building leased from an unrelated third party. Management notes that the business is relocatable and the real estate is included in the sale.

Shareholder Objectives

The company is equally owned by two shareholders, one is active and willing to remain with the company, and the other a silent partner who is seeking to exit the business following a sale of the company.

Benchmark International

Benchmarks Exclusive Opportunities

Custom and Speculative Residential Home Builder – BN000043950

Custom and Speculative Residential Home Builder – BN000043950

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