Hawaii Pool Construction - Business is Booming

Not Disclosed, HI

Low Cost and Near Customers


Asking Price: Annual Revenue:
$1,750,000 $5,326,000

Services: Construction, Contractors


Request More Information
Contact the Seller

RE: Hawaii Pool Construction - Business is Booming Broker: Thomas Caltrider

Quick Facts

Asking Price: $1,750,000
Annual Revenue: $5,326,000
Net Profit: Not Disclosed
Cash Flow: $1,369,174
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: 10
BBN Listing #: 151652757
Broker Reference #: HI

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

After fifty years in the business this successful, fully licensed swimming pool 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 did not close due to Covid and they continued to fully operate in 2020 and the Business generated sales of over $2,475,000, up 15.6% over 2019, which produced over $401,000 in seller’s profits (SDE).
• Sales continued to skyrocket and total 2021 sales were $5.3 million, a 115% increase over 2020 and this generated SDE of $1.37 million.
• As of 1/20/22, their contacted uncompleted backlog was approximately $4.5 million, five times higher than 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 about 75%. 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, fully licensed, and highly regarded swimming building contractor with significant referral sourced new business.
• Limited competition in their market
• 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
• Contracted Backlog is exploding
• Diamond Financial has pre-qualified this Business for a 10-year, $1,605,800 loan, including $75,000 for working capital, a $275,900 down payment (15%), $17,828 monthly payment, 7(a) SBA loan for a qualified buyer.

The Business is being offered on a fully turnkey basis, with a large, contracted backlog, with training and a long term non-compete agreement offered by the seller.

To get a copy of our extensive Confidential Business Profile with tax return based financial data and very detailed business information, please contact Hawaii Business Sales.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Status: Leased Monthly Rent: $2,954 per month total ($35,449 per year; $1.56/square feet month.) Square Feet: Office: 630 square feet. Warehouse: 1,260 square feet. Fenced Yard: 1,400 square feet. Lease Expiration Date: Currently month to month Other Location Info: Low cost and conveniently located.

Market Competition and Expansion:

COMPETITION They have limited competition and they estimate their current market share is about 75%. EXPANSION OPPORTUNITIES • New products • Add services • Expand to other HI Islands.

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.

Documents:

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!