HI – Manufacturing: Business Booming!

Not Disclosed, HI


Asking Price: Annual Revenue:
$485,000 $1,582,259

Manufacturing: Furniture, Fixtures Manufacturing


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RE: HI – Manufacturing: Business Booming! Broker: Tom Caltrider

Quick Facts

Asking Price: $485,000
Annual Revenue: $1,582,259
Net Profit: Not Disclosed
Cash Flow: $396,355
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 11
BBN Listing #: 76552757
Broker Reference #: HI - MFG - T

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Business Overview:

One of Hawaii’s best manufacturers, designers and installers of premier closet and storage systems, doors, Murphy beds, retail space, office space, etc. is for sale due to the retirement of the owner. They are a fully integrated supplier of these systems beginning with design, then manufacture and finally installation. Their customers include home owners and the commercial and home construction market.
• Over 27 years in the Maui market building a great brand name based on high quality and customer service.
• #1 market share in Maui
• Revenue showing big growth
o 2018 revenue of $1,582,259, up 36.4% over 2017, and 2017 was up 14.7% over 2016
• Contracted Backlog continues to build:
o As of January 16, 2019, contracted backlog of future work is over $826,500, which bodes well for 2019 sales.
o Lead time 6 to 8 weeks
• Excellent Profits:
o 2018 SDE of $396,355
o High Gross Profit Margins, 2018: over 62%
• This is NOT a franchise, so no franchise fees or royalties are paid.
• Experienced and productive sales and operating team not dependent on owners
• Good historical revenue growth and excellent future growth prospects, both on Maui and the rest of Hawaii
• Productive and well-ordered manufacturing operation
• Easy and fun to operate – only 9 employees, excluding owners
• Allows owners to use their creativity to make customers happy
• Offered full turnkey with all equipment, vehicles and intangible assets
• Buyer will get the contracted backlog and all projects in the bidding process as of Closing.
• Earn enough cash flow so Owners can really enjoy all that Maui has to offer.
• Potential Tax Opportunities for Buyer.
o “Federal Opportunity Zone”. The Business believes that it is located in a federal “Opportunity Zone” (Opportunity Zones were added to the tax code by the Tax Cuts and Jobs Act on December 22, 2017) and this may provide significant tax benefits to a buyer of the business.

This is a great business that allows you to express your creativity, work with a great staff and wonderful customers, and to own a business that is not directly tied to the tourist industry and that makes enough money to really enjoy Hawaii.

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Property Features and Assets:

Offered fully turnkey with all manufacturing and installation equipment and vehicles Large customer contracted backlog will transfer to buyer.

Market Competition and Expansion:

They are the #1 player in their market and have no significant direct competition.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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