Creating long-term revenue streams

The current Holy Grail sought by volume home builders is to find products or services that can create an on-going revenue stream from the homes and communities that they have built and sold. Pat Hamill, president of Oakwood Homes, has disbanded his in-house service department, forming in its place a...

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Bibliographic Details
Published in:	Professional Builder 2000-06, Vol.65 (7), p.40-41
Main Author:	Diez, Roy
Format:	Magazinearticle
Language:	eng
Subjects:	Home building Repair & maintenance services Subsidiaries Warranties
Online Access:	Get full text
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Summary:	The current Holy Grail sought by volume home builders is to find products or services that can create an on-going revenue stream from the homes and communities that they have built and sold. Pat Hamill, president of Oakwood Homes, has disbanded his in-house service department, forming in its place a wholly-owned subsidiary called Home Service Plus+ (HSP+). The goal is to turn the single transaction of building and selling a home into multiple revenue generating transactions. Projected first year revenue from the new firm is $1 million.
ISSN:	1072-0561