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Our client is a full-service, growing and very profitable licensed plumbing contractor who has been satisfying customers in Hawaii since 1992, and who now wants to retire.They are engaged in plumbing, solar & gas piping installation and primarily work in the construction of new custom-built homes and in light commercial construction.About 89% of their current work has been for new residential construction and the balance is for light commercial work like restaurants, salons and warehouses, etc.They do not do plumbing service work, which would be a growth opportunity for a buyer.Strong Backlog. As of June 2024, they had 37 projects with 16 customers with a total revenue value of $2.2 million, of which $1.3 million was still in progress.The business is being offered for sale on a fully turnkey basis with all the needed assets, a strong operating team, the assignment of their lease, a five-year non-compete agreement from the owner and hands-on training for the buyer.Please contact us for a detailed, tax-return based, Confidential Business Profile.SBA Loan.This business has been pre-qualified for an SBA loan for a qualified buyer, with a down payment of 10% ($85,000), and a 10-year loan term.INVESTMENT HIGHLIGHTS· Growing and profitable industry driven by the need to build more houses in Hawaii.· In business since 1992, and they have become a well-known and preferred supplier to their market, they have consistently high customer reviews and a growing market share.· Loyal Customer Base:A buyer will benefit from the Company’s long tenured and dedicated relationships with their customers who appreciate the Company’s high-quality products and services, and who trust and rely on these services, providing the Company with a steady stream of recurring revenue.· Year-Round Demand: Construction in Hawaii experiences a consistent demand for plumbing services throughout the year due to its great climate. · Recession-Resistant Market: The Hawaii construction market has proven to be generally recession-resistant as the population, both full time and seasonal, continues to grow.· Spirit of Aloha: Hawaii is known for its warm and welcoming Aloha spirit. As a business owner, you'll be embraced by the local community and benefit from the friendly and inclusive culture.One key to business success is to combine the Spirit of Aloha and a mainland work ethic.· Excellent and growing revenues, profits and cash flow: o Revenue grew from $831,198 in 2018 to $1,482,000 in 2023o 2023 Owner’s profits (SDE) of $404,000, 23.2% of revenue· Very low Lease cost of 2.3% of 2023 sales· Attractively priced· SBA Loan pre-qualified o Gulf Coast Small Business Lending, div of Gulf Coast Bank & Trusto Loan amount: up to $787,000o Loan Term; 10 yearso Down Payment: 10%
Our client is a managed services provider, located in one of the most desirable locations in the United States. They focus on voice and data solutions, cloud services (including cloud web hosting), domain registration/management, and IP camera security. Their services include cloud-based circuit, firewall/security, system maintenance, phones, communications, hosting and data backups. Our client has built strategic partnerships with key vendors, providing customers serious advantages. They have 25 years of experience implementing excellent managed services packages and providing fast response and reliable solutions. The Seller has hundreds of clients with recurring revenues of about $120,000 per month (in 2022). Their recurring revenue increased in 2023 and they are on track for an increase in monthly recurring revenue in 2024. Our client is a service company, in the Managed Services industry. Virtually all their business is recurring; most customers pay on a monthly basis. They take an “outside in” approach. Their services include cloud-based circuit, firewall/security, system maintenance, phones, communications, hosting and data backups and much more. They have a robust ticket system and dedicated phone support system with emergency service protocols. Our seller’s ideal for the Company consists of providing fast response and great employees.
Popular with tourists and locals alike, this shrimp and burger plate provider is an important stop on the island tour. Ready for growth and a new location, the seller is willing to advise on best options for the next location and wants to make sure the tradition continues and grows to the next level.
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