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 commercial and home construction market.
• One of the few manufacturing businesses in Hawaii
• Over 26 years in the Hawaii market building a great brand name based on high quality and customer service.
• #1 market share on their island; 2017 revenue up 14.7% over 2016; Trailing 12 months (TTM) as of 9/23/18 revenue up 28% over same 12 month period in 2017
• For TTM 9/23/18 owners’ profits (SDE) is over $300,000
• Excellent profit margins: 2017 Gross Margin over 66% and SDE margin 15%
• September 2018 backlog of $823,809, their highest in years; current job cycle is about 8 to 10 weeks; this bodes well of continued sales growth.
• Experienced 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 11 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 projects in the bidding process at Closing.
• Earn enough cash flow so Owners can really enjoy all that Hawaii has to offer.
• Very attractively priced at only 1.6 times owner’s cash flow.
Sellers will provide an agreement not to compete and will provide training/orientation for the buyer.
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.
Leased facility with beautiful showroom, warehouse, and manufacturing facilities conveniently located close to customers.