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Business For Sale
AIR CONDITIONING CONTRACTOR KONA HAWAII
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Asking Price: |
$899,000
USD USA Dollars
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Business for Sale Industry: |
Services: Construction, Contractors
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Reason for Selling:
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Burnout and other business interests |
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Year Established:
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1996 |
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# of Employees:
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8 |
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Yearly Revenues:
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$2,359,547 |
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Yearly Cash Flow:
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$300,000 |
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Yearly EBITDA:
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$362,716 |
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Yearly Net Profit:
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$150,000 |
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Yearly Gross Income:
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$1,449,074 |
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Monthly Payroll:
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$9,600 |
Business for Sale Overview:
New construction subcontractor for air conditioning and the building boom continues in West Hawaii. Average Sellers Discretionary Cash flow is $750,000 over the 3 years 2004, 2005, 2006. Seller financing is available and help with the ownership transition.
Property Features and Assets:
Excellent leased location with inventory storage and area to bend metal with the equipment; also outside yard storage and parking inside fenced area. Current monthly rent is $5,937.46 including CAM and GET. The lease is through February 2012. This lease can be assigned or a new lease can be negotiated. Lifts, trucks, metal bending equipment are all in excellent condition making for a complete turn-key deal. Lease deposit of $5,700.00.
Market Competition and Expansion:
The local builders have been struggling in the past several years to keep up with the demand for housing on the Big Island and the building boom continues here. The Baby Boomers are coming to Hawaii and most people believe that there will continue to be a robust building market. Growth can be immediately achieved by establishing a service repair and replacement division within the company. The focus has been on new construction, but the service side of the business is wide open. Any contractor here in Hawaii that shows up on time and gets the job done right is as busy as they want to be.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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