Zip Kit Homes - The Profit Update

This week on the season finale of The Profit, Marcus Lemonis is in Cedar City, Utah to make a deal with Zip Kit Homes.  Zip Kit Homes is a company that specializes in high performance, panelized kit homes and they are struggling to keep up with demand for their homes. With options to expand in both the commercial and residential spaces, they are also facing an identity crisis.  Marcus will try to get them to focus on laying a firm foundation if they are going to be able to cash in on their potential.

Let's take a look at some information related to Zip Kit Homes as well as what kind of deal was made on the show.

News and Links Related To The Company:

• Here is a ten-minute preview video of the episode from the CNBC YouTube page. (Link)
• Here is the Zip Kit Homes website and Facebook page. 
• In February 2021, Marcus Lemonis tweeted about Zip Kit Homes saying it was a cool possible solution to families starting out. (Link)
• They also have another business called Timberhawk Homes.  That website describes the difference between the two divisions:
• Timberhawk Homes – Focused on panelized and system-built homes for multi-home projects like workforce housing, multi-family projects, complete developments, etc.
• Zip Kit Homes (zipkithome.com) – Taking the same panelized, system-built concept to more affordable, small homes.
• It says they have a small factory located in Pocatello ID and another factory is under construction Cedar City UT.
• Zip Kit Homes currently offers nine different floor plans and the cost to build the homes depends on the location where it is built.  Bedrooms range from 2 to 6 bedrooms and there is also a multi-unit option. (Link)
• Zip Kit Homes offer standard floor plans with no customization.  Their kits include "all exterior wall panels, interior wall panels, posts, beams, trusses, windows, exterior doors, dry-in materials, etc."  They do not include "materials to complete your home – siding, roofing, cabinets, hardware, etc."

The Deal From The Episode Plus Post-Show Updates (this will be updated continually):

• The Deal - Marcus offered $1 million for 30% of the business and Marcus wanted the employees to own 20% of the business as part of an ESOP (Employee Stock Ownership Program).  This deal was accepted.
• There are nine different models of kit homes and two different models of prefab modulars. (Link)
• Marcus Lemonis tweeted out a link to a new sleeping pod that is done by Zip Kit Homes. (Link)
• Marcus Lemonis has been thanking fans of The Profit for the past eight seasons and it seems as if this will be the last episode ever (Link).  He will have a new renovation show on HGTV which is owned by Discovery. 

*To see how all of the businesses from The Profit are doing, go to the The Profit Updates page. Also Like us on Facebook or Follow Us on Twitter to stay up to date with all things involving The Profit.