Riptide Builders

4.8★★★★★(179 reviews)

279 Clubhouse Rd Suite 1, Sunset Beach, NC 28468

Sunset Beach, North Carolina, United States

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Business facts

Estimated annual revenue~$7.0M
Estimated employees~6
Annual payroll (2020)~$740.2K
In business since2009
Based on reported payroll data

Area statistics (28468)

Population4,645
Median household income$83,143
Source: US Census ACS

About

Riptide Builders offers new construction homes for sale with world-class design at an outstanding value, building throughout coastal North and South Carolina. With a focus on luxury finish details and exacting quality standards, Riptide provides production, semi-custom, and custom homes that exceed the competition. The company's reputation for delivering true value to clients and commitment to outstanding quality positions them for continued success in the industry.

📅
Appointment Only
Yes
💳
Credit Cards
No
💰
Price
$
Categories: Construction of houses, Custom Home Builder.
ISIC Codes: 4100.

Market analysis

Earning above its category median in a growing category (Construction of houses).

EstimateCategory trend: 2024, +5.3%

Revenue trend (modeled)

~$3.8M2019
~$4.5M2020
~$5.2M2021
~$5.7M2022
~$6.5M2023
~$7.0M2024
Modeled from official industry statistics+13.2%/yr since 201980% confidence band: ±42%

Company profile

Legal formCorporation
Incorporated2009 (NC)
Employees (reported band)11-17
Social media followers64
Observed

Federal support (SBA)

PPP loan (2020)$154.2K · 11 jobs reported · implies ~$740.2K annual payroll · $155.2K forgiven
ObservedSource: US SBA public records

Category context

BusinessesTotal revenueMeanMedianMedian ratingvs median
Construction of houses in North Carolina3,174~$5.5B~$1.7M~$971.0K4.7★7.2×
Category revenue trend2024: +5.3%2023: +5.5%2022: +11.4%2021: +12.5%Modeled from business-level estimates
Chain pressure173 chains expanding in this category, led by Dolcetto, Lennar homes, Mason Oaks (+1,154 locations since 2016)

Revenue trajectory vs benchmarks (indexed, 2019 = 100)

Estimate

Immediate area (1 km)

BusinessesTotal revenueMeanMedianJobsEstimated wage billvs median
1 km area (all businesses)41~$42.7M~$1.0M~$488.2K203~$13.6M14×
Construction2~$9.0M~$4.5M8

1 km area (all businesses): median from the 35 of 41 businesses with estimates

Estimate

Area conditions (28468)

Population4,645 ±577
Median household income$83,143 ±$9,185
Median home value$337,600
Bachelor's degree or higher0.4%
Unemployment rate0.1%
Source: US Census ACS
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