Businesses For Sale    September 10, 2010
Marketing Profile Disclaimer
 

These marketing profiles are considered to be a "working draft" and content, price and terms may change without notice.  These profiles are not an offer to sell or trade securities.  Dailey Resources, Inc., is a TEXAS Registered Business Intermediary and a TEXAS Real Estate Broker.

 
 
Listing Details - Homebuilder
 

Homebuilder

(Construction Related, Construction-Specialty Trades)

Dallas/Fort Worth - Parker

Seller Financing:
Lender Pre-Qualified:
Listing ID: 2271tm
Status: Active

Listing Details

Listed Price: $2,500,000
Down Payment: $2,500,000
Total Sales: $8,250,000
SDE: $1,002,000
EBIT:
EBITDA:
FFE: $460,000 Included? Yes
Real Estate: $0 Included? No
Inventory: $2,750,000 Included? No
A/R: Included?
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Contact Information
MJ Dailey
Dailey Resources Inc
9290 Huntington Square
North Richland Hills Texas
Office: 817-663-0001
Fax: 817-663-0006
Email: mjdailey@daileyresources.com
www.daileyresources.com
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Reason for Sale:

Owner want to persue other business opportunities

Training:

Owner will stay for orderly transition

Financing Terms:

Inventory (not included in price) mainly consists of developed lots at cost. Owner will consider financing lot sales through a takedown or other pay as you go arrangment.

Operations

Year Established: 1996
Last Acquired: 1996
Form of Ownership: Corporation
Home Based:
Relocatable: No
Type of Location:
Absentee Owner:
Online: No
Employees: Full Time: 7 / Part Time:
Managers:
Hours: M-F 8-5, SS 11-7
Owner Hours:
Non-Owner Payroll:
Franchise Info: N/A

Location

Lease Expire:
Option: 0
Lease Terms: 0
Lease Security: $0
Monthly Rent: $0
Square Footage: 2000
Facilities:

Operates in a model home (REO) The Seller is in the real estate business, however, no real estate is included in the sales price. What is included is the right to take delivery on up to 65 ready to build lots at the builder’s cost. The timing and terms would have to be negotiated to fit Buyer’s and Seller’s respective needs.

Summary

Business Description:

Business exploits a niche in the new home market that falls between large custom homes and better track built homes. Business incorporates the style and finishes of more expensive and larger custom homes at a price point within reach of the higher end track home buyers. Business sells homes in a $240,000 to $325,000 price range – large lots, lots of trim, granite, etc. – with a somewhat smaller square foot building than the custom builders. Seller has achieved a reputation for quality, value and standing behind their work.

Historical Summary:

Owners started building homes in 1996. With little or no experience going in, they began building houses and later developing land for residential communities.

Owner Qualifications:

Home building experience is helpful. Current owner started Business without any development experience.

Competition:

The home building industry is competitive. The homebuilding industry consists of a handful of large developers/builders and many individual builders capable of building only a few homes a year. Business has broken through that small/individual builder capacity limitation by putting together an organization, branding and financing necessary to take Business to the next level.

Potential Growth:

Unlimited in this fast growing market.

 
 
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