Water Catchment & Gutter Systems Fabricator & Installer
This very profitable 20+ year-old fabricator and installer of water catchment and gutter systems also provides related cleaning and maintenance services on one of Hawaii’s islands. Their customers include building contractors, commercial building managers (hotels and businesses) and homeowners; they do both new construction and remodel. Their market demand is booming, and they are turning down lots of work. Quality competition is limited. They are fully licensed and insured. Many of their customers are very famous people with second homes in Hawaii.
They are home based and have state of the art gutter forming machines, all other required equipment and tools, vehicle and they employ a talented fabrication and installation crew. Their gutters and water catchment systems are offered in 5” and 6” seamless aluminum in dozens of colors with a baked enamel paint on both sides, and in 6” half round copper, which is perfect for Hawaii because it resists salt corrosion and weathers to rich green and red patina. Gutters are formed on the construction site. After the business sale the owner plans to retire.
The Business requires a Hawaii contractor’s license and the owner will offer a buyer to use his for a reasonable period of time until the buyer can obtain a license.
Based on year to date October 9, 2019 performance, they expect revenue in 2019 of over $450,000 and owner’s cash flow (“SDE”) of about $220,000.
The business offers the current owner enough money to live well in Hawaii’s paradise and is being offered at an attractive price, with owner financing, on a fully turnkey basis and the owner will provide training and a long-term non-competition agreement.
Listing ID: Gutter - T
Location: Hawaii (Island Confidential)
Type of Entity: Corporation
Year Established: 20+ years ago
Business Type: Licensed Building Contractor
Asking Price: $399,000
Inventory included in the Price: $15,000
Tangible Assets (F,F&E): $70,000
Non-Compete: Five (5) years
Training: Two (2) weeks
Term: 36 months;
Interest Rate: six percent (6%)
Monthly Payment: Approx. $1,977.43
Sale Reason: Retirement
Status: Home Based
Limited direct quality competition
The current owner works only about 50% of the time (he is enjoying his later years by doing lots of traveling) and believes that a full-time owner operator could double revenue.
The business is very well regarded, and he is turning down lots of business due to his traveling.
Please contact us for a detailed 40+ page Confidential Business Profile which contains full financial information based on tax returns, complete market and business information and photos.
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