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HI – Manufacturing Located in Opportunity Zone

HI

Closet & Storage Manufacturing
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Asking Price: $485,000

Cash Flow: $396,355

Gross Revenue: $1,582,259

EBITDA: N/A

FF&E: $200,000

Inventory: $15,000

Rent: $4,906 /Month

Established: 2004

HI – Manufacturing Located in Opportunity Zone

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Business Description

Huge contracted backlog; #1 in the market

One of Hawaii’s best manufacturers, designers and installers of premier closet and storage systems, doors, Murphy beds, retail space, office space, etc. is for sale due to the retirement of the owner. They are a fully integrated supplier of these systems beginning with design, then manufacture and finally installation. Their customers include home owners and the commercial and home construction market.
• Over 27 years in the Maui market building a great brand name based on high quality and customer service.
• #1 market share in Maui
• Revenue showing big growth
o 2018 revenue of $1,582,259, up 36.4% over 2017, and 2017 was up 14.7% over 2016
• Contracted Backlog continues to build:
o As of January 16, 2019, contracted backlog of future work is over $826,500, which bodes well for 2019 sales.
o Lead time 6 to 8 weeks
• Excellent Profits:
o 2018 SDE of $396,355
o High Gross Profit Margins, 2018: over 62%
• This is NOT a franchise, so no franchise fees or royalties are paid.
• Experienced and productive sales and operating team not dependent on owners
• Good historical revenue growth and excellent future growth prospects, both on Maui and the rest of Hawaii
• Productive and well-ordered manufacturing operation
• Easy and fun to operate – only 9 employees, excluding owners
• Allows owners to use their creativity to make customers happy
• Offered full turnkey with all equipment, vehicles and intangible assets
• Buyer will get the contracted backlog and all projects in the bidding process as of Closing.
• Earn enough cash flow so Owners can really enjoy all that Maui has to offer.
• Potential Tax Opportunities for Buyer.
o “Federal Opportunity Zone”. The Business believes that it is located in a federal “Opportunity Zone” (Opportunity Zones were added to the tax code by the Tax Cuts and Jobs Act on December 22, 2017) and this may provide significant tax benefits to a buyer of the business.

This is a great business that allows you to express your creativity, work with a great staff and wonderful customers, and to own a business that is not directly tied to the tourist industry and that makes enough money to really enjoy Hawaii.

To receive a 75-page Confidential Business Profile, please contact us for an NDA,

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,306
Lease Expiration:
N/A
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Low cost and highly productive leased facilities with an excellent relationship with landlord and conveniently located close to customers. Includes customer showroom, warehouse and manufacturing facilities. Totally turnkey with all manufacturing, vehicles and installation equipment plus vehicles.
Competition:
They are the #1 player in their market with limited direct competition.
Growth & Expansion:
Facilities sized to provide significant sales growth. Expansion opportunities include growth in current geography plus entry into other Hawaii islands.
Support & Training:
Two weeks.
Reason for Selling:
Retirement
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Contact the Seller

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Tom Caltrider

Business Listed By:
Tom Caltrider

Hawaii Business Sales

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities.

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