Long established & Profitable Hawaii Gift & Award Retail
This Company was founded over 50 years ago and has developed into a well known and prefered supplier in the Hawaii market. It is a exceptionally diversified company, and includes wholesale, retail, professional services and custom manufacturing. It features many blue-chip well-known national brands.
The owner does not live in Hawaii and primarily manages the business by phone and email, with an only part time involvement in Hawaii. He has developed an excellent management information system and a business model that allows the business to be successful with only his part-time involvement. They have two excellent managers who run the day to day business and an excellent bookkeeper who are expected to stay with the business.
They have two locations in Hawaii, a diverse product and service line, limited competition, excellent margins and not dependent on the tourist market. Their customers are Hawaii companies, government entities, the military and consumers.
The diverse nature of the Hawaii market combined with a product line that is minimally dependent upon competition, tourism or seasonal products and trends keeps the business steady and free from the volatility of general retailing but, empirically, has followed the trends of the overall economy.
They primarily service one Hawaii island and the two big growth opportunities are: (1) develop the other Hawaii islands, which have limited competition, and (2) upgrade their website to be an etail location with a shopping cart.
Listing ID: Hawaii Gift
Location: Hawaii (Island Confidential)
Type of Entity: corporation
Years Established: over 50
2017 Accounting Records
Asking Price: $600,000
Included Inventory: $100,000
Tangible Assets: $60,000
Non-Compete: 5 years
Training: 2 weeks
Sale Reason: Retirement
REAL ESTATE/LEASE DETAILS
Status: Two leased locations
Monthly Rent: $4,300
Sq. Ft.: 1,346 + 450
Expires: 2/2020 with renewal
In 2017, the had sales of over $713,500 at two retail locations which generated over $201,500 in owner’s profit.
Over 40 years in business – they have created a well know and preferred brand name
Consistently profitable; over $200,000 in owner’s income in each of 2015, 2016 and 2017
Diverse product and service offering
It is a “kama’aina” (Hawaiian for “Hawaiʻi residents born on Hawai'i) company that has been a fixture in the Hawaii retail market for over 40 years
Current owner lives on the mainland and runs the business on a part time basis.He is in Hawaii less than 4 months per year.The have an excellent management control system and managers which facilitates this.A buyer should be able to successfully run the business with the same model.
Top notch team
Long term profitable
Excellent locations with low cost leases
The company is an excellent platform for growth: other Hawaii islands and the internet
There is limited direct competition in Hawaii
They offer top of the line and well-respected national brands
The other Hawaii islands
Shopping cart website.
Addition of sales person
Please contact us and request a Non-Disclosure Agreement so we can send you a very detailed Confidential Business Profile.