This Company was founded over 50 years ago and has developed into a well known and prefered supplier in the Hawaii market. It is a exceptionally diversified company, and includes wholesale, retail, professional services and custom manufacturing. It features many blue-chip well-known national brands.
The owner does not live in Hawaii and primarily manages the business by phone and email, with an only part time involvement in Hawaii. He has developed an excellent management information system and a business model that allows the business to be successful with only his part-time involvement. They have two excellent managers who run the day to day business and an excellent bookkeeper who are expected to stay with the business.
They have two locations in Hawaii, a diverse product and service line, limited competition, excellent margins and not dependent on the tourist market. Their customers are Hawaii companies, government entities, the military and consumers.
The diverse nature of the Hawaii market combined with a product line that is minimally dependent upon competition, tourism or seasonal products and trends keeps the business steady and free from the volatility of general retailing but, empirically, has followed the trends of the overall economy.
They primarily service one Hawaii island and the two big growth opportunites are: (1) develop the other Hawaii islands, which have limited competition, and (2) upgrade their website to be an etail location with a shopping cart.
In 2017, the had sales of over $713,500 at two retail locations which generated over $205,500 in owner’s profit.
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Highly productive, low cost locations
Limited direct competition