Hawaii HVAC & Sheetmetal Fabrication Contractor
Operating during the Virus
The Business was founded in the 1990’s and they have been satisfying customers ever since by creating top-quality custom sheet metal fabrication and installation projects for Hawaii’s restaurants, retail shops, other businesses and homes by producing products like sinks, pizza ovens, countertops, ducting, and hoods.
Over the past 20+ years they expanded their services to include HVAC installations, metal roofing installation, metal gutter systems fabrication and installation, and emergency HVAC repair and maintenance services.
They have become a well-known and preferred supplier in their market.
They have made a significant capital investment in a large fully equipped metal workshop with complete line of state-of-the-art metal fabrication machines, including presses, shears, bead rollers, swages, brakes, rollers, MIG & TIG welders and plasma cutter, and 6 vehicles, etc. They have an experienced team of fabricators and installers.
Due to the owner’s retirement plans, the business is for sale on a totally turnkey basis, with all assets included and a 5 year non-compete.
By 2019, sales had grown to over $1.8 million, which generated over $435,000 of owner’s profits (Seller’s Discretionary Earnings). They are an “essential” construction business and therefore have been operating during the Covid-19 virus.
The business requires a State of Hawaii contractor’s license.
Listing ID: HI Sheet-metal
Location: Hawaii (Island Confidential)
Type of Entity: HI corporation
Year Established: During the 1990’s
Industry: HVAC, Sheet metal Fabrication, roofing & gutter Contractor
2019 Tax returns
Sales up 96% since 2015
Asking Price: $1,500,000
Inventory included in the Price: $25,000
Tangible Assets (F,F&E): $300,000
Non-Compete: 5 years
Training: 2 weeks
Sale Reason: Retirement
Monthly Rent: $4,000 includes GET + CAM
($48,000 per year; $1.05 per sq. ft. per month)
Sq. Ft.: 3,800
Lease Expiration Date: Month to month
10 plus owner (supplemented with contractors when needed)
Broad based competition, they are considered a preferred supplier in their market
High annual sales growth rates
Strong market demand
Good expansion opportunities
Well known and preferred supplier
Excellent cash flow
Broader array of refrigeration services
Expanded construction of walk-in coolers and freezers
Solar air conditioning
Spiral ducting fabrication capacity
Gates and railings welding and fabrication
Offer Test & Balance Services
Open a retail/wholesale air conditioning parts and supplies operation
TRADING HOURS: Monday thru Friday
For a detailed 60+ page Confidential Business Profile which provides full financials (based on tax returns) and business information please contact Hawaii Business Sales.