Hawaii Fully Licensed Pool Contractor
Located in a Federally tax advantaged “Opportunity Zone”
After fifty years in the business this successful, fully licensed swimming pool 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 booming.
As an “essential” business they did not close due to Covid and they continued to fully operate in 2020 and the Business generated sales of over $2,475,000, up 15.6% over 2019, which produced over $401,000 in seller’s profits (SDE).
Sales continued to skyrocket and total 2021 sales were $5.3 million, a 115% increase over 2020 and this generated SDE of $1.37 million.
As of 1/20/22, their contacted uncompleted backlog was approximately $4.5 million, five times higher than it was in early 2020 and new orders continue to roll in.
Their growth is based on a very strong residential and commercial construction demand. They believe their market share in their island market is about 75%. The owner has developed a highly effective and profitable 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, fully licensed, and highly regarded swimming building contractor with significant referral sourced new business.
Limited competition in their market
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
Contracted Backlog is exploding
Diamond Financial has pre-qualified this Business for a 10-year, $1,605,800 loan, including $75,000 for working capital, a $275,900 down payment (15%), $17,828 monthly payment, 7(a) SBA loan for a qualified buyer.
The Business is being offered on a fully turnkey basis, with a large, contracted backlog, with training and a long term non-compete agreement offered by the seller.
Listing ID: HI Construction
Location: Hawaii (Island Confidential)
Type of Entity: Corporation
Year Established: 2007
Industry: Specialty Construction Contractor
2021 QuickBooks P&L
Revenue: $5.326 million, up 115% over 2020
SDE: $1,369,174, up 241% over 2020
Asking Price: $1,750,000
Inventory included in the Price: zero, Inventory value at Closing will be added to the Price.
Tangible Assets (F, F & E): $200,000
Non-Compete: 5 years
Training: 2 weeks; 30 hrs./wk.
Sale Reason: Retirement
Monthly Rent: $2,954 per month total
($35,449 per year; $1.56/sq. ft. month.)
Office: 630 sq. ft.
Warehouse: 1,260 sq. ft.
Fenced Yard: 1,400 sq. ft.
Lease Expiration Date: May 2022
Other Location Info: Low cost and conveniently located.
They have limited competition and they estimate their current market share is 75%.
Expand to other HI Islands.
Office open: 5 days per week
Construction: 6 days per week
To get a copy of our extensive Confidential Business Profile with tax return based financial data and very detailed business information, please contact Hawaii Business Sales.