Hawaii Food Service Equipment Fabricator and Installer
The Company has been satisfying food service industry customers with superior fabrication and equipment installation in Hawaii for many years. Their services and products include:
Custom fabrication of stainless-steel products primarily for the food service industry
Sell and install food service equipment
HVAC contracting (A/C, refrigeration, chill water, hoods, duct systems, etc.)
They hold State of Hawaii contractor’s license and they meet all State of Hawaii license requirements for the installation of food service equipment.
The Company maintains a fully equipped metal fabrication shop and keeps a large stock of stainless-steel sheet metal, component parts and accessories. They are able to fabricate and install to their customers exact specifications, allowing more control over kitchen designs and needs. They are a member of a large nationwide buying group, so they have full access to food service manufacturers, get large price discounts and can more effectively serve their customers.
The business has been very profitable and serves customers all over Hawaii. In 2018 their sales were over $3 million which generated over $890,000 of owner’s profits. The Business is on all key Hawaii bid lists, they have a great reputation and have the opportunity to bid large dollar amounts of jobs; they generally get about 50% to 75% of all jobs bid.
The owner is retiring, and the business is being offered on a fully turnkey basis with all tangible and intangible assets and the assignment to the buyer of all contracted projects. The owner will offer to remain as the Buyer’s Responsible Management Employee (“RME”) for a reasonable time after the sale, to provide training and support to the buyer and sign a long term non-compete agreement.
Please contact us for a very detailed 40+ page Confidential Business Profile which covers all relevant business details and tax return-based financials.
Listing ID: HI Food Service
Location: Hawaii (Island Confidential)
Type of Entity: Corporation
Year Established: 2006
2018 Tax Returns
Asking Price: $450,000
Inventory included in the Price: $50,000
Tangible Assets (F,F&E): $790,000
Non-Compete: 5 years
Training: 2 weeks
Sale Reason: Retirement
Approximately 9,000 sq. ft.
Term of 4 years beginning June 1, 2018
Current lease rent: $7,250 per month; $87,000/yr
Excellent relationship with the Landlord
5 including owner
Limited direct competition
The Company has the marketing relationships, excellent reputation and operational capacity to significantly grow sales all across the State of Hawaii
Monday to Friday 7 am to 4 pm
Is now the time for you to own a very profitable business in Hawaii and make enough profit to really enjoy all that Hawaii has to offer?