Portable Sanitation Rental and Service Business

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Portable Sanitation Rental Business
Asking Price:
$828,000

Gross Revenue:
$709,360
Cash Flow:
$201,685
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$614,261
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Great warm weather year-round, island living with the Pacific Ocean surrounding you, palm trees, beaches, fishing & diving, and.... portable toilets?
Yes, this portable toilet rental and pumping service business has been serving Maui County for the past 39 years! Established in 1980, it has a long and proven track record of historical profitability supported by nearly 4 decades of outstanding reputation it has built and maintains with its customers. Maui has a very active construction market, with lots of new permits on the horizon. Many long-term customers and recurring annual event customers keep this company extremely busy. 400+ units total including construction, special event, Comfort Stations, VIP & ADA units, many with interior solar lighting. This company takes pride in meticulously maintaining their units, with detail to removing graffiti and replacing components so rentals are like new. They truly are considered favorites of local customers and are often referred to as being "The Islands Finest Portable Toilets". In addition, there is a full compliment of stand-alone hand wash stations, sinks, water tanks & more. These are not your typical beat-up construction site toilets!
Included with the business is a fleet of well maintained pumping and service trucks(6), a fully equipped office and storage facility for portable toilets and vehicles. Trained personnel knowledgeable in day-to-day operations, planning of products and services will most likely be willing to stay on after the sale.

All financials have been assembled and are very well prepared for buyer's easy review during the Due Diligence Period.

A featured industry on Dirty Jobs with Mike Rowe, Mike made a comment that with this 'dirty job' comes the smell of money! Joking aside, this TURN-KEY business has been providing the Owners a hefty income stream...year after year!

About the Business

Location:
Kahului, Hawaii
Year Established:
1980
Number of Employees:
6-7
Real Estate:
Leased
Building Sq. Ft.:
6,300
Rent:
$1,643.00 Per Month
Facilities:
The companies 6,300+ sq.ft. base yard is strategically located in the center of Maui providing easy access to every part of the Island, with a long term lease available at similar terms.
Market Outlook/
Competition:
There are other businesses that do provide a similar service on Maui however this business is well known for their outstanding service at competitive pricing it has been providing their customers which truly sets it apart from its competition. There is also more demand for this type of service than they are presently providing. According to the Portable Sanitation Association International (PSAI), "demand for the portable toilet rental industry is expected to continue growing over the next 5 years to 2023. Construction activity is also expected to increase over the next 5 years as well underpinned by the gains in the broader economy. Since construction contractors are the largest market for portable toilet rentals, a boom in construction markets is anticipated to translate into greater demand for industry services. Consequently, the portable sanitation industry revenue is forecast to grow at an annualized rate of .9% thru 2023 and possibly beyond."
Growth & Expansion:
The business has a long history of stability, managed growth and profitability. As a result, there is a reliable track record of strong cash flows. It currently has more demand for its services than they are able to meet which leaves a new owner significant opportunities for growth. Current revenue stream has been generated entirely from referrals, repeat clients and word of mouth...less than 1% of annual revenues spent on advertising. Additional growth can be expected by hiring additional staff to handle increased demand. (Also possibly becoming active in creating a social media campaign to attract even more clients).
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About the Sale

Reason For Selling:
Retirement
Training/Support:
30 days of complete training to ensure a smooth transition.
Seller Financing:
Negotiable with a strong down payment. SBA loan options also available.

Listing Info

ID:
1657940
Ad Detail Views:
0

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Business Listed by

Mark Chesler

Hawaii Sunset Real Estate

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