Hawaii HVAC & Sheetmetal Fabrication Contractor

Operating during the Virus

EXECUTIVE SUMMARY

 

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.

COMPANY

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

 

FINANCIAL SUMMARY

    2019 Tax returns

Revenue: $1,855,338

SDE: $435,909

 

 

Sales up 96% since 2015

 

OFFERING SUMMARY

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

 

LOCATION DETAILS

Status: Leased

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

 

EMPLOYEES

10 plus owner (supplemented with contractors when needed)

 

COMPETITION

Broad based competition, they are considered a preferred supplier in their market

 

INVESTMENT HIGHLIGHTS

  • High annual sales growth rates

  • Strong market demand

  • Good expansion opportunities

  • Excellent margins

  • Well known and preferred supplier

  • Excellent cash flow

EXPANSION OPPORTUNITIES

  • 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.

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