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Listing ID: 2784396

Long Established & Profitable Hawaii Gift & Award Retail For Sale

Hawaii, United States

$ 600,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 713,500

Cash Flow: $ 205,500

Business Description

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 opportunities 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.

BUSINESS HIGHLIGHTS

• Over 40 years in business – they have created a well know and preferred brand name
• Consistently profitable; over $200,000 in owner’s income in each of 2015, 2016 and 2017
• Diverse product and service offering
• It is a “kama’aina” (Hawaiian for “Hawaiʻi residents born on Hawai'i) company that has been a fixture in the Hawaii retail market for over 40 years
• Current owner lives on the mainland and runs the business on a part time basis. He is in Hawaii less than 4 months per year. The have an excellent management control system and managers which facilitates this. A buyer should be able to successfully run the business with the same model.
• Top notch team
• Long term profitable
• Excellent locations with low cost leases
• The company is an excellent platform for growth: other Hawaii islands and the internet
• There is limited direct competition in Hawaii
• They offer top of the line and well-respected national brands

EXPANSION OPPORTUNITIES

• The other Hawaii islands
• Shopping cart website.
• Addition of sales person

In 2017, the had sales of over $713,500 at two retail locations which generated over $201,500 in owner’s profit.

Please contact us and request a Non-Disclosure Agreement so we can send you a very detailed Confidential Business Profile.

Property Details

Size:

1,796

Years Established:

over 50

Property Type:

Lease

FF&E:

$ 60,000

Inventory Value:

$ 100,000

Other Details

Business Location:

Two highly productive retail locations

Premise Details:

Two leased locations Monthly Rent: $4,300 Sq. Ft.: 1,346 + 450 Expires: 2/2020 with renewal

Competition:

Limited direct competition

Expansion Potential:

Geographic and internet

Planning Consent:

None Required

Operation Details

Employees:

9

Support & Training:

two weeks

Miscellaneous

Reason For Selling:

Retirement

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