Metal Roofing Manufacturer on Hawaii
| Asking Price: | $990,000 |
| Gross Revenue: | $1,072,512 |
| Rent: | $4,083/Month |
| Established Year: | 2013 |
| Cash Flow: | $338,676 |
| Inventory: | $389,900 |
| FF&E: | $432,000 |
Positioned well for continued market growth!
This is a great business that is focused on manufacturing metal roofing and tiny homes for home owners, builders, contractors, and government. Well established in Kauai, Hawaii and making its name on the other islands as a leader in metal roofing supply. The company has grown market share and has continued upside growth potential as they began shipping interisland. The business has strong relationships with contractors and builders which have resulted in repeat and loyal business.
The business brings in metal coils from a variety of suppliers and then using manufacturing equipment are able to form it into metal roofing panels to any exact length the customer needs. They also make all of the metal trim with the same metal to the exact needs of the customer (roof pitch, style, etc.). They also provide all of the materials a roofing contractor would need to install the roof including color matched screws, sealants, insulation, rivets, etc. This is a one-stop shop for their entire metal roof order. Since the business is focused on this line of business, customers don’t have to deal with associates that sell toilets or asphalt roofs or lumber, but rather with a team of highly experience metal roofing staff to help customers get what they need.
In addition, the business started manufacturing tiny home buildings using the metal for siding, roofing, and trim. These high-end buildings are highly desired on the island and have built interest and customer awareness on the island. The initial intent of this line of business was to showcase how the metal could be used for siding as well as roofing, the housing shortages on the island has increased the demand for affordable and quickly approvable buildings. The team worked closely with the county to understand the codes and rules in order to design these buildings for fast approval for homeowners. Demand was so great that the team increased pricing several times to slow business, but it’s still strong. This continues to be a great opportunity for a new owner that also has construction experience.
There are two owners, the primary owner (95%) was living on island but due to unforeseen circumstances has moved to the mainland. The owners’ brother is the secondary owner (5%) is on island and works full time as the superintendent and lead operator of the business. The secondary owner has extensive manufacturing and construction experience and is willing to help with a short or longer transition depending on what the new owner wants. The secondary owner doesn’t want to take full ownership since he loves the building and manufacturing side and doesn’t want to manage the business side of the company. Both owners are aligned in finding the right new buyer that will take this business to the next level of growth and expansion. Does this sound like you, if so reach out to learn more!
