Since the 1990’s this specialty engineering services company has developed into the largest and most preferred specialty engineering services provider of its type in its market. They estimate they have a market share of over 50% and serve all aspects of their market. Their customers include architects, engineers, real estate developers, property owners and construction building contractors. They provide a wide array of specialty engineering services used in the commercial and residential construction market. They primarily work on one of Hawaii’s island, but do some work across the state and see this as a future growth opportunity.
They have had good revenue growth and operating profits and in 2017 their sales revenue was $652,773, up 36% over 2016, and their owner’s profits (SDE) were $311,297. 2018 continues to show excellent performance with year to date August sales up 5% over the same period in 2017.
The business owner also owns the real estate (2,160 sq. ft.) used by the Business which has the following features: durable tilt up concrete construction, 20-foot-high ceilings, air conditioned, roll up doors, private bathrooms, modest operating costs, and conveniently located to customers. etc. The owner is offering to either: (i) sell the real estate to a Business buyer at a price of $630,000, or (ii) to provide a long-term lease, with a long-term option to purchase the real estate, at a monthly lease rent of $2,813, NNN. The real estate purchase alternative gives the buyer the opportunity to build real estate equity in Hawaii’s great market instead of paying rent.
The Business is being offered totally turnkey with a large array of vehicles, test and other equipment, a non-compete agreement and training/orientation provided to the buyer.
This is a great opportunity for a buyer, who is a licensed professional engineer or will hire a licensed professional engineer, and who wants to own and operate their own engineering business and live in Hawaii’s paradise; or for a larger engineering firm looking to expand their geographic coverage.
For a copy of our 40+ page Confidential Business Profile which includes financial and business details, please contact Tom at Hawaii Business Sales for a Non-Disclosure Agreement.
Business owns the real estate and is offered for sale at $630,000 or for long term lease
Family health issues