Hi Environmental Construction Services
www.GlobalBX.com
Listing ID:
700327363
Listing Title:
Hi Environmental Construction Services
Quick Link:
http://www.globalbx.com/listing.asp?bId=327363
Industry:
Business Services
Industry Segment:
Construction
Country:
United States
State / Province:
Hawaii
Area
City:
Asking Price Range:
$500K - $1.0M
Gross Revenues:
$602,051
Cash Flow:
$102,460
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2014
Number of Employees:
6 - 9
Business Description:
EXECUTIVE SUMMARY
This fully licensed building contractor, located on one of Hawaii's beautiful islands, has become one of the most preferred and largest providers of expert environmental and hazardous removal services to the construction industry in its Hawaii market. They provide expert abatement and removal and remodeling, renovation and restoration services for residential, commercial, industrial and government properties. They are fully licensed, bonded and insured and certified by the State of Hawaii to provide abatement and removal services for a variety of hazardous materials. Their professional staff have the required training and certification to ensure that the removal of asbestos, lead and other hazardous materials is conducted according to all state and federal regulations.
They believe they have a share over 50% in their market and this is driven by their superior work, excellent ''word-of-mouth'' referrals and recommendations from their many satisfied customers. Annual sales were $912,934 in 2018 which produced $438,000 of SDE. Covid-19 did affect their business and they are now in a rebuilding period and expect a good 2022.
Key Investment Highlights are:
- Very high market growth due to aging old construction (Hawaii had a residential and commercial building boom in the 1960's, 70's and 80's which now requires hazmat remediation in many cases)
- High moisture levels in Hawaii often result in mold
- High profit margins and growing market share
- Excellent business reputation
- Well trained and licensed technicians
- Limited Direct Competition
A Hawaii contractor's license is required, and the current owner will provide his license for a reasonable period after the sale. The business is being offered for sale on a fully turnkey basis, including two vehicles. The owner is retiring and is now running the business on an absentee basis. He will provide a non-compete agreement and training/orientation for the buyer.
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