The Company is a well-established semi-absentee owned, B2B NON-NEW construction services business for EXISTING multi-family properties and assisted living facilities, serving primarily owners, property managers, construction managers, insurance companies and financiers. Services include interior upgrades and exterior renovation of the building envelope (including all construction services necessary to complete the work), roofing, and replacement for existing properties (multi-family rehab work). Demand is typically a) insurance-required, b) lender-required and/or c) investment-required. The Company does no new construction work unless it relates to ground-up rebuilding, typically for insurance claim purposes. The Company also has a growing presence in providing fire-water damage and storm restoration services. The Company sells the jobs, creates estimates for the work, creates and signs contracts, and supervises their subcontractors who perform the work to the completion of the job.

The company typically has $7M-10M in work in process and $15M-20M in estimated pipeline. HOWEVER, unlike most companies in the construction services industry, this company experiences almost 100% conversion of their estimating pipeline from “estimate” to “awarded” job. Consequently, the effective backlog is typically $22M to $30M.

Services are primarily provided in Texas major metro markets (plus a few other states for some customers). Many clients are national and have requested that the business expand nation-wide to service their other locations.

Customers are primarily brand name companies who are large national property management companies or national financing companies who may manage the properties. In some cases, these same companies also directly or indirectly own these properties. However, the direct sales relationships for the jobs are maintained through a wide variety of contacts. These contacts include banks, bankers and financial institutions, commercial real estate companies (both privately and publicly held), multifamily apartment managers, construction managers, and homeowner associations. The Company is capable and, occasionally, provides services to commercial buildings.

The Company has excellent, experienced key management and employees in place who perform their jobs autonomously. Owner is able to be absent and for extended periods.

BUSINESS HIGHLIGHTS:

1) ONE-STOP shop for customers, with great response time.

2) Quality of work.

3) Semi-absentee owner.

4) Key Management in Place.

5) Business not dependent on Owner’s personal relationships.

6) Industry niche is specifically in the growth sector of multi-family properties.

7) Industry niche is specifically NOT in new construction (unless its total replacement such as due to fire damage).

8) Industry niche is specifically renovation and rehab of multi-family properties.

9) Demand is a) insurance-required, b) lender-required and/or c) investment-required.

Facilities: The business operates from a ~11,000+/- SF building with ~8,000+/- SF offices and ~3,000+/- SF warehouse for approximately $10,083/month. The lease has been renewed for many years and expires approximately December 31, 2025. The seller believes that the landlord is willing to provide a long-term lease (with annual increases).

Competition: The multifamily residential remodeling industry is very competitive. Most companies competing in this space are smaller, with several much larger. Some competitors offer a wide range of services or provide services in specific market niches. This Company focuses on creating relationships and bonds between the Company and their customers based on quality work, fair pricing, integrity, and reliability.

Growth & Expansion: Owner feels that there are many growth opportunities for an aggressive new owner, experienced in the construction services industry. Company’s marketing strategy is multi-faceted & focuses on building & maintaining long term relationships with all of the decision makers who work on existing multi-family properties. The rehabilitation of multi-family properties can be initiated by banks, owners, property managers and construction managers. Company does no advertising & relies on referrals & continued contact with existing customers & related contacts.

Financing: Price NEGOTIABLE. Seller will consider financing up to 10% of the price to a Purchaser approved by Seller

Support & Training: The seller will train buyers in their oversight role for 4 weeks included with the purchase price. The seller is willing to provide additional training at mutually agreed compensation for a finite period.

Reason for Selling: Retirement

Price: The asking price for the assets of the business is NEGOTIABLE. If required, seller will consider financing up to 10% of the price to a purchaser qualified/approved by the Seller. THE SELLER PREFERS TO SELL FOR ALL CASH. The assets include Accounts Receivables valued at $5,266,000 and FFEV (Furniture, Fixtures, Equipment and Vehicles) valued at $250,000.

NOTE: THE SALE OF A BUSINESS IS CONFIDENTIAL AND DISCREET; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES OR OWNERS.

ALL STATEMENTS, FIGURES, AND VALUES ARE SUBJECT TO A PROSPECTIVE PURCHASER’S DUE DILIGENCE. ALL STATEMENTS, FIGURES, AND VALUES ARE SUBJECT TO A PROSPECTIVE PURCHASER’S DUE DILIGENCE. ADVISOR HAS MADE NO INDEPENDENT INVESTIGATION OR VERIFICATION OF SAID INFORMATION.

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