Business For Sale

Geotechnical Engineering Firm - Hawaii

Not Disclosed, HI

Close to customers


Asking Price: Annual Revenue:
$530,000 $652,773

Services: Professional


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RE: Geotechnical Engineering Firm - Hawaii Broker: Tom Caltrider

Quick Facts

Asking Price: $530,000
Annual Revenue: $652,773
Net Profit: Not Disclosed
Cash Flow: $311,297
Total Debt: Not Disclosed
FF&E: $585,000
Real Estate: $630,000
Year Established: 2000
Employees: 5
BBN Listing #: 550352757
Broker Reference #: HI Eng - T

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Business Overview:

For decades this geotechnical engineering services firm has developed into the largest and most preferred specialty engineering services provider of its type in its market. They estimate they have a market share of over 50% and serve all aspects of their market. Their customers include architects, engineers, real estate developers, property owners and construction building contractors. They provide a wide array of specialty engineering services used in the commercial and residential construction market. They primarily work on one of Hawaii’s island, but do some work across the state and see this as a future growth opportunity.

They have had good revenue growth and operating profits and in 2017 their sales revenue was $652,773, up 36% over 2016, and their owner’s profits (SDE) were $311,297. 2018 continues to show excellent financial performance with year to date October sales up 14.8% over the same period in 2017.

The business owner also owns the real estate used by the Business. The owner is offering to either: (i) sell the real estate to a Business buyer at a price of $630,000, or (ii) to provide a long-term lease, with a long-term option to purchase the real estate, at a monthly lease rent of $2,813, NNN. The real estate purchase alternative gives the buyer the opportunity to build real estate equity in Hawaii’s great market instead of paying rent.

The Business is being offered totally turnkey with a large array of vehicles, test and other equipment, a non-compete agreement, training/orientation provided to the buyer and the transfer of all backlog to the buyer.

This is a great opportunity for a buyer, who is a licensed professional engineer or will hire a licensed professional engineer, and who wants to own and operate their own engineering business and live in Hawaii’s paradise; or for a larger engineering firm looking to expand their geographic coverage.

REAL ESTATE/LEASE DETAILS

Status: Owned
Offer to either:
• Sell at $630,000
• Long-term Lease: $2,813/month, NNN, with option to purchase
Centrally located close to customers


BUSINESS HIGHLIGHTS

• Decades building a positive reputation for excellent work in their market
• Excellent historic sales growth; $652,773 in 2017
• Consistently profitable; 2017 owner’s profit (SDE) of over $311,000
• Excellent profit margins
• Estimated market share of over 50%
• Strong construction economy in Hawaii
• Strong trained team
• Excellent investment in equipment and technology
• Ability to build long term real estate equity or low-cost rent
• The company has had no (zero) professional liability claims which is due to high quality control of the day to day operations: this has resulted in an excellent reputation amongst architects, engineers and contractors
• Opportunity to expand to other Hawaii islands.
• Live and work in Hawaii

For a copy of our 40+ page Confidential Business Profile which includes financial and business details, please contact Tom at Hawaii Business Sales for a Non-Disclosure Agreement.

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:

They own their real estate; commercial space with office and lab facilities, close to customers and with a very modest operating cost. They are offering to either sell the real estate or offer a long term lease to the buyer.

Market Competition and Expansion:

They are the number one supplier in their market and see opportunity to expand to the other Hawaii islands.

Reason for Selling:

Family health issue.

Additional Details:

  • The property is owned.
  • 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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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