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Hawaii Specialty Building Contractor
Location: United States -> Hawaii
Industry: Business Services > Construction




Business Summary

After fifty years in the business this successful, fully licensed specialty building contractor says it's time to focus on other aspects of his life and turn over this great Hawaii construction business to a younger person.

They are a one-stop shop for all aspects of their work, so customers just have one contractor to work with. They have developed an excellent reputation for high quality design and construction, on-time job completion and superior service and most of their new business comes from excellent customer and industry referrals.

Business is booming.
- As an ''essential'' business they continued to fully operate in 2020 and the Business generated sales of over $2,800,000, up 31% over 2019, which produced over $700,000 in seller's profits (SDE).
- Sales during the first half of 2021 were over $2.1 million, an increase of 68% over the same 6 months in 2020.
- Currently (July 2021) their contacted uncompleted backlog is $5.3 million, five times what it was in early 2020 and new orders continue to roll in.
Their growth is based on a very strong residential and commercial construction demand. They believe their market share in their island market is over 50%. The owner has developed a highly effective and profitable business model which lets him take 4 to 6 weeks of vacation per year (pre-Covid).

Investment Highlights
- Long tenured and successful business with excellent sales and profit history
- A well-known and highly regarded building contractor with significant referral sourced new business.
- Limited competition in their market segment
- No customer concentration
- Low fixed cost structure
- Low capital investment needed
- Located in a Federally defined ''Opportunity Zone'' which may provide significant tax benefits for certain buyers
- Backlog is exploding

Diamond Financial has pre-qualified this Business for a 10 year, $500,000 down payment 7(a) SBA loan to a qualified buyer.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $2,810,000
Cash Flow:   $711,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $212,000
Seller Financing:  No

About The Business

Year Established:  2002
Number of Employees:  10 - 19
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  2 weeks
Reason For Selling:  Retirement




Print Listing Id: 700362099
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Also See: Franchise Opportunities > Franchise Resales > Hawaii Businesses For Sale > Hawaii Franchises For Sale > Hawaii Business Brokers



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