Nobility Homes, Inc., a Florida corporation incorporated in 1967, designs,
manufactures and sells a broad line of manufactured and modular homes through
its own retail sales centers throughout Florida. Nobility also sells its manufactured
homes on a wholesale basis to independent manufactured home retail dealers and
manufactured home communities.
Nobility’s homes are available in approximately 100 active models sold
under the trade names “Kingswood,” “Richwood,” “Tropic
Isle,” “Regency Manor,” and “Special Edition.”
The homes, ranging in size from 431 to 2,650 square feet and containing from
one to five bedrooms, are available in:
• Single-wide widths of 12, 14 and 16 feet ranging from 35 to 72 feet
in length;
• Double-wide widths of 20, 24, 26, 28 and 32 feet ranging from 32 to
72 feet in length;
• Triple-wide widths of 42 feet ranging from 60 to 72 feet in length;
and
• Quad-unit with 2 sections 28 feet wide by 48 feet long and 2 sections
28 feet wide by 52 feet long.
Our floor plans can be built as an on-frame modular home. We have been approved
to build A.N.S.I. Park models under 400 square feet and exposure D homes.
Nobility’s homes are sold primarily as unfurnished dwellings ready for
permanent occupancy. Interiors are designed and color coordinated in a range
of decors. Depending on the size of the unit and quality of appliances and other
appointments, retail prices for Nobility’s homes typically range from
approximately $30,000 to $100,000. Most of the prices of Nobility’s homes
are considered by it to be within the low to medium price range of the industry.
Nobility’s manufacturing plant utilizes assembly line techniques in manufactured
home production. The plant manufactures and assembles the floors, sidewalls,
end walls, roofs and interior cabinets for their homes. Nobility purchases,
from outside suppliers, various other components that are built into its homes
including the axles, frames, tires, doors, windows, pre-finished sidings, plywood,
ceiling panels, lumber, rafters, insulation, gypsum board, appliances, lighting
and plumbing fixtures, carpeting and drapes. Nobility is not dependent upon
any one particular supplier for its raw materials or component parts, and is
not required to carry significant amounts of inventory to assure itself of a
continuous allotment of goods from suppliers.
Nobility generally does not manufacture its homes to be held by it as inventory
(except for model home inventory of its wholly-owned retail network subsidiary,
Prestige Home Centers, Inc.), but, rather, manufactures its homes after receipt
of orders. Although Nobility attempts to maintain a consistent level of production
of homes throughout the fiscal year, seasonal fluctuations do occur, with sales
of homes generally lower during the first fiscal quarter due to the holiday
season.
The sales area for a manufactured home manufacturer is limited by substantial
delivery costs of the finished product. Nobility’s homes are delivered
by outside trucking companies. Nobility estimates that it can compete effectively
within a range of approximately 350 miles from its manufacturing plant. Substantially
all of Nobility’s sales are made in Florida.