Established Custom Home Builder, 22 Years, Strong Cash Flow

Residential remodeling for sale in Michigan (Other)

Asking price

$11,900,000

Revenue

$8,747,860

Cash flow

$2,383,375

About this business

This is a custom residential construction company operating in a high-demand Northern Michigan market, specializing in luxury new builds and renovations for waterfront and lakefront properties. Founded in 2004 and built entirely from the ground up by its owner, the business has grown into one of the few established players in its region, with new construction representing roughly 75% of revenue and remodeling the remaining 25%. The owner reports that new customers come primarily through referrals and word-of-mouth, a signal of the reputation the business has earned over two decades.

The operation runs Monday through Friday out of an owned facility with approximately 1,000 square feet of office space and 1,800 square feet of shop and storage. Licensing is required in this trade, and the owner notes that a new buyer will need residential custom home experience to step in effectively. Employees average five years of tenure, and the owner estimates a new hire can be trained in about a month. The owner spends his time across sales, management, and finance, and is prepared to stay on for three to six months at 20 to 30 hours per week to support a smooth handoff. Real estate is owned and may be included in the deal.

Revenue has grown year over year across the most recent periods on file. The owner notes that only a handful of competitors operate in the area, and sees meaningful room for the next owner to expand in a market where demand for quality custom homes remains strong.