HI – Specialty Construction: Closets & Storage

Not Disclosed, HI

Low cost and close to customers


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

Services: Construction, Contractors


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RE: HI – Specialty Construction: Closets & Storage Broker: Tom Caltrider

Quick Facts

Asking Price: $485,000
Annual Revenue: $1,485,000
Net Profit: Not Disclosed
Cash Flow: $310,000
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: $630,000
Year Established: 1995
Employees: 10
BBN Listing #: 399052757
Broker Reference #: HI – Sp C - T

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Business Overview:

A very long tenured, profitable and high market share specialty construction firm is for sale due to the retirement of the owner. They install premier closet and storage systems, doors, Murphy beds, retail space, office space, etc. 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.

• One of the few manufacturing businesses in Hawaii
• Over 27 years in the Hawaii market building a great brand name based on high quality and customer service.
• #1 market share
• Revenue showing big growth
o 2017 revenue of $1,160,167, up 14.7% over 2016
o Trailing 12 months (“TTM”) as of 10/31/18 revenue of $1,497,052, up 34% over same trailing 12-month period a year ago
• Contracted Backlog continues to build:
o As of November 11, 2018, backlog of over $900,000, up over 12% since September 13, 2018
o Lead time now over 8 weeks
o This November 2018 backlog equals over 80% of total 2017 sales which bodes well for 2019 sales revenue
• Excellent Profits:
o TTM 10/31/18: owners’ profits (SDE) is over $313,000
o High Gross Profit Margins, 2017: over 66%
• Experienced and productive sales and operating team not dependent on owners
• Productive and well-ordered manufacturing operation
• Easy and fun to operate – only 10 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.
• Very attractively priced at only 1.5 times owner’s cash flow.

Sellers will provide an agreement not to compete and will provide training/orientation for the buyer.

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.

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:

Leased operating space.

Market Competition and Expansion:

High growth history and low 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.

Relevant Links:

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