Residential Real Estate Construction Company Seeking Loan in Riga, Latvia
Established | 5-10 year(s) |
Employees | 5 - 10 |
Legal Entity | Limited Liability Company (LLC) |
Reported Sales | USD 230 thousand |
Run Rate Sales | USD 274 thousand |
EBITDA Margin | 10 - 20 % |
Industries | Residential Real Estate Construction |
Locations | Riga |
Local Time | 7:24 PM Europe / Riga |
Listed By | Business Owner / Director |
Status | Active |
1. Total area:
- The residential village spans an impressive 40 hectares, offering ample space for long-term development and a vibrant community.
2. Houses built and planned:
- 30 homes have already been completed and sold, providing a solid foundation for the growing village.
- Remaining development potential: 230-330 homes, depending on the specific layouts and configurations of future projects.
3. Infrastructure:
- Central utility hubs for electricity, sewage, and water supply have already been constructed, ensuring immediate availability for the next 20 unbuilt homes.
- As additional roads and housing are developed within the village, the electricity lines will be extended in alignment with the project's needs.
- This phased infrastructure approach ensures cost-efficiency and readiness for rapid scaling.
4. Financials and profitability:
- Construction cost per house (excluding land): €115,000.
- Selling price per house: €190,000.
- Profit margin per house (after taxes): Approximately €15,000, equating to 14-15%.
- The business model demonstrates a strong return on investment and scalability with increased funding.
5. Scalability potential:
- The current pace of construction is limited by available resources, but with additional investment, the business can significantly scale operations, targeting the construction of 10-20 homes annually or more.
We take on the full responsibility for construction and sales processes, ensuring a streamlined and efficient project execution. This approach provides the investor with security while enabling the village to grow at a pace of 10-20 homes annually or more, depending on the investment scale.
The business holds land ownership certificates, adding significant value to its assets, and municipal approvals, and a registration certificate.
- Our top-selling product is budget-class wooden frame and concreate panel houses, approximately 75m2-120m² in size, designed for families or individuals looking for affordable, high-quality housing. These homes are in high demand due to their energy efficiency, modern design, and competitive price point. Additionally, we offer row houses with multiple sections, catering to larger families or buyers seeking a slightly more spacious living arrangement.
Target customers and their needs:
- Our primary customers are young families, first-time homebuyers, and individuals looking to relocate closer to Riga, Latvia's capital, while maintaining a peaceful and natural environment. Buyers appreciate our homes for their affordability, functionality, and location within the growing Priežavotu residential community.
How the products/services are used:
- Our customers use these homes as their primary residences. They benefit from a carefully designed layout that optimizes space and energy efficiency, creating a comfortable and cost-effective living environment. The location in Priežavotu provides a strong sense of community, proximity to nature, and easy access to urban amenities.
To facilitate rapid development and scale operations, we offer a flexible investment model where buildable land plots can be transferred to the investor's name as collateral.
1. Current funding structure:
The business has been self-funded to date, relying entirely on the promoter's personal capital and resources.
While this approach has enabled steady progress, it has limited the ability to scale operations rapidly.
As a result, we are actively seeking investors to accelerate the development of the Priežavotu residential village, with the goal of constructing 10-20 homes annually.
2. Debt/loans:
The business currently has no outstanding debts or loans. This clean financial position provides a solid foundation for future investments and partnerships.
3. Ownership structure:
The business is privately owned, with 100% ownership held by the promoter.
This structure ensures streamlined decision-making and a clear vision for the company's growth.
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Earlier than 15 daysChief Executive Officer, London, Investment Bank connected with the Business
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Earlier than 15 daysBusiness Consultant & Advisor, Trading, Jakarta, Corporate Investor / Buyer connected with the Business