*********UPDATE – Monday 6/3/13*********
According to an interview with Bill Haney, co-founder of Blu Homes, on the Root Cause website dated 5/30/13, Blu Homes “is the leading provider of beautiful and green precision-built homes in North America.”
He also says that “Blu Homes’ bookings grew 300% year-over-year, reaching $40 million in 2012.”
CLICK HERE to read the article.
Does anyone else think this sounds fishy?
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I know I talk a lot about Blu Homes, most of it with pure amazement at just how much BS one factory can produce about itself. It seems that every time someone farts on the factory floor, a video is produced and a wine and cheese party is held.
In this latest one, Blu Homes has produced a professional quality video with Bill Haney, co-founder of Blu Homes, where he is sprinkling happy dust on every person in his company but the thing that stopped me dead in my tracks is his statement that there are 250 people working for them.
250 Employees!
He never actually says the word “employee” but he says that there are that many people that work on every Blu Home house. Unless they work for free, they are employees or subcontractors that need to be paid.
Assuming that each “employee” averages $40,000 a year and that includes the owners, their yearly total payroll is $10,000,000 plus taxes and benefits!
That means that Blu Homes, a factory that has said that it can take up to 60 days to produce a home and from what I’ve seen it has less than 10 workstations, must have the biggest payroll per house in the entire prefab and modular housing industry.
I worked for a factory about 15 years ago that produced between 15 and 20 homes a week with less than 100 employees. Even if you added in the transport people, set crews, the builder and his crew, the local inspectors and even the banker that stood on the curb with a check in her hand waiting for the modular to arrive, I think you would be hard pressed to get much over 200.
No wonder they are still looking for more investment money after already receiving $70M.
