A Few Hours Per Week, a Few States Away

So somewhat steady. For this year, we have been able to add two additional subdivisions, actually three additional subdivisions, Two with an existing builder and one with a new builder so far. So have been able to grow that month to month. It's. We're somewhat subjective to what the builders are doing from how many homes they're starting in their neighborhood.

And typically we may have POS for three months, but we'll find out right now on August 15th. We may get some clarity or get some revisions on how many houses are being started in September that typically we won't start working on until late September, October.

A lot of month to month fluctuation with that. For example, August is going to be our busiest month of the year so far. We're seeing a lot of builders pushing to get houses done by the end of 2025, which means they really need to be worked on right now in the month.

So we're seeing an acceleration there. And what are margins like in a business like this?

Or if you can just tell us what the SDE was. Yeah, so SD was right around, oh, not quite a million but kind of in that higher area. I don't want to get into too many details of that.

But higher end of six figures. Higher end of six figures. And so right where you had hoped above the threshold of where you were looking or where your window was.

Great, great. Well, I, as I said I want to get into the anatomy of the deal. There's some, some which was a, a great one but a little bit more on just how you assess the business. So we've already kind of talked about, we, we, we have already talked about getting comfortable with flying back and forth.

What about just the management of a business like this? So, so project based construction businesses are notoriously difficult businesses and operationally let alone, you know, quality of revenue questions and so on. But operationally, I mean, and a, a blue collar workforce, one, it's something that you, I don't think really had worked with before, correct me if I'm wrong.

What, what were you thinking in terms of just like how, how much, you know, leadership am I going to be able to exert? Is the team going to want or need, you know, that, that kind of obvious question. These are hard businesses even if you're in them all the time, let alone if you're flying back and forth.

I had done some work with blue collar workforces so that wasn't entirely new to me.

But you're right, it's a business that's out of state that the seller was, I guess one of the areas that gave me comfort was the seller had taken a pretty big step back from the business a few years ago with some health challenges, not going to get into the details of that, but had been decently hands off with it at that point.