Geotechnical Engineering Firm - Hawaii

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Asking Price:
$325,000

Gross Revenue:
$668,897
Cash Flow:
$278,756
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$585,000
included in asking price

Real Estate:
$630,000
not included in asking price

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Business Description

For decades this geotechnical engineering services firm 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 and see expansion opportunities in the rest of Hawaii and in the Pacific market. For example, the US Dept. of Defense is making significant investments in defense infrastructure in Hawaii, Guam and other Pacific theater areas.

They have had good revenue growth and operating profits and in 2018 their sales revenue was $668,897, and their owner’s profits (SDE) were $278,570. Year to date sales through April 2019 are up 29% over the same four-month period in 2018, and they just picked up a major new two-year contract which will begin this spring.

The business owner also owns the real estate used by the Business. The owner is offering to either: (i) sell the real estate to a Business buyer, or (ii) to provide a long-term lease, with a long-term option to purchase the real estate. 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, drilling, test and other equipment, a non-compete agreement, training/orientation provided to the buyer and the transfer of all backlog 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.

About the Business

Location:
Hawaii
Year Established:
2000
Number of Employees:
5
Real Estate:
Owned
Building Sq. Ft.:
2,160
Facilities:
They own a 2,160 sq. ft. commercial space which has both offices and lab space. It is conveniently located close to customers and has low operating expenses. Buyer can either purchase or lease the real estate.
Market Outlook/
Competition:
They estimate they have a 50%+ market share and are the preferred supplier in their market.
Growth & Expansion:
Excellent opportunity to expand to the other Hawaii islands.
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About the Sale

Reason For Selling:
Family health issue require relocation to mainland
Training/Support:
Two weeks

Listing Info

ID:
1555479
Ad Detail Views:
396

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Business Listed by

Tom Caltrider

Hawaii Business Sales

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