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Hawaii Business Sales

Geotechnical Engineering Firm In Hawaii For Sale

Hawaii
Freehold Price:
$1M - $5M (USD) Furniture / Fixtures included
Lease Asking Price:
$325,000 (USD) Furniture / Fixtures included
Sales Revenue:
$668,897 (USD)
Cash Flow:
$278,756 (USD)

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 March 2019 are up 38% over the same three-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.

Property Information

Real Estate:

Available as lease or with real property included

Lease Terms:

Offering to either sell the real estate for $630,000 or provide a long term lease at $2,813 per month.

Leasehold Rent:

$33,756 (USD) per annum

Location:

They own a commercial building with office and lab space which is close to customers and has a modest operating cost.

They are offering to either sell the building with the business or to offer a long term lease.

Premises Details:

Commercial building
Durable tilt up concrete construction
air conditioned
private bathrooms

Size in square feet:
2,160
Planning Consent:

None needed

Business Operation

Expansion Potential:

Opportunity to expand to the other Hawaii islands.

Competition / Market:

They believe they are the number one player in their market with a 50%+ market share.

Reasons for selling:

Family health issues

Trading hours:

Monday to Friday, 8 am to 5 pm

Employees:
5
Years established:
20+

Other Information

Support & training:

Two weeks

Furniture / Fixtures value:
$585,000 (USD) - included in the asking price
Lease asking price:
$325,000 (USD) - Furniture / Fixtures included

Contact Information

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