Hawaii Fully Licensed Pool Contractor
Located in a Federally tax advantaged “Opportunity Zone”

Under Contract

Hawaii Pool Contractor for Sale

EXECUTIVE SUMMARY

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).

 

Investment Highlights

  • 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. 

COMPANY

Listing ID:  HI Construction

Location: Hawaii (Island Confidential)

Type of Entity: Corporation

Year Established: 2007

Industry: Specialty Construction Contractor

 

FINANCIAL SUMMARY

    2021 QuickBooks P&L

Revenue: $5.326 million, up 115% over 2020

SDE: $1,369,174, up 241% over 2020

 

 

 

OFFERING SUMMARY

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

 

LOCATION DETAILS

Status: Leased

Monthly Rent: $2,954 per month total

($35,449 per year; $1.56/sq. ft. month.)

Sq. Ft.:

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.

 

EMPLOYEES: 10

 

COMPETITION

They have limited competition and they estimate their current market share is 75%.

 

EXPANSION OPPORTUNITIES

  • New products

  • Add services

  • Expand to other HI Islands.

TRADING HOURS

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.