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Details - Information last confirmed on April 28, 2021
After fifty years in the business this successful specialty 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 great. In 2020 the Business made over $700,000 in seller’s profits (SDE) based on over $2.8 million in revenue. Currently (May 2021) their contacted backlog is four times what it was in May 2020; sales during the first 4 months of 2021 are 58% higher than the same 4 months in 2020. They are now quoting business for 2022. As an essential business they did not have to close in 2020 due to Covid-19.
Their growth is based on the extraordinarily strong residential and commercial construction demand. They believe their market share in their island market is as high as 75%. The owner has developed an excellent high profit business model which lets him take 4 to 6 weeks of vacation per year (pre-Covid).
• Long tenured and successful business with excellent sales and profit history
• A well-known and highly regarded building contractor with significant referral sourced new business.
• Limited competition in their market segment
• 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.
• Currently their contract backlog is exploding; 4 times larger than one year ago.
Diamond Financial has pre-qualified this Business for a 7(a) SBA loan to a qualified buyer.
The Business is being offered on a fully turnkey basis, with training and a long term non-compete agreement offered by the seller. State of Hawaii requires that the Business and its Responsible Management Employee (RME) each must have a contractor’s license, and a buyer can meet this requirement by either qualifying for it himself or to hire a Responsible Management Employee. is needed, which an experienced mainland contractor should be able to qualify for. The seller is willing to stay on after the sale to help the buyer including being the Buyer’s RME on an interim basis and to help the buyer deal with the avalanche of new business.
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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.