Maui, Hawaii Major Appliance Repair

Maui, Hawaii, majore Appliance Repair Business for Sale

EXECUTIVE SUMMARY

This full-service, highly regarded, profitable, 30+ year-old, Maui, Hawaii major appliance repair service business is being offered for sale due to the pending retirement of the owner.

 

The owner operates the business out of his home, manages no employees and is in close driving distance to his many loyal customers.  The majority of his work is from existing customers and the referrals they provide to him.  The business also has a website which has the capability of customers booking appointments.

 

The Business is being offered on a fully turnkey basis with a service vehicle, operating tools, and spare parts.  The intangible assets include all customer contracts, registered trade name, web site, business phone number and email address, etc.

 

During 2019, the last full year before Covid, their sales were $201,532 and they made almost $100,000 of Seller’s Discretionary Earnings, which provides a nice life in Maui.  The business is recovering from Covid and Hawaii’s economy is beginning to rapidly increase.

 

Investment Highlights

  • Very long (30+ years) and successful tenure

  • Highly regarded service provider

  • Consistent profitability

  • Average response to Covid-19 with recovery underway

  • Most work is within easy driving distance from the owner’s home.

  • No employees to manage.

  • Great customers who provide lots of referrals for new work.

  • Earn enough money to live a good lifestyle in Maui’s paradise.

 

COMPANY

Listing ID:  HI Appliance

Location: Maui, Hawaii

Type of Entity: Sole proprietorship

Year Established: 1990

Industry: Major Appliance Repair

 

 FINANCIAL SUMMARY

    2019  Source: Tax Returns

Revenue: $201,530

SDE: $99,733

 

 OFFERING SUMMARY

Asking Price:  $79,000

Inventory included in the Price:  $4,000

Tangible Assets (F,F&E):  $8,000

Non-Compete:  5 years

Training:  1 week

Sale Reason:  Retirement

BUSINESS IS: Home Based

 

LOCATION DETAILS

Close to Customers

 

EMPLOYEES

Just the owner

 

COMPETITION

Limited direct competition

 

EXPANSION OPPORTUNITIES

Broaden geographic coverage to other parts of the island.

 

TRADING HOURS

Monday to Friday – 8 am to 5 pm

 

To get a detailed Confidential Business Profile, please contact Hawaii Business Sales for an NDA.