Business Description
For sale is an 8-year-old locally-owned and operated tree care services company based in Maui. The business works together in a collective with many local small tree companies to provide all aspects of tree care. Services include tree trimming and removal, plant health care, tree management, and lighting work.
They are an award-winning Hawaii State Licenses Contractor and a BBB A+ accredited business. Tree work is constant in Hawaii due to the climate and rapid growth of foliage, creating an influx of job opportunities. The business has a strong reputation and network on the island, creating a big barrier to entry for any potential competitors.
Clientele is 50% commercial (i.e., hotels, condos, and villas) and 50% residential (includes a lot of celebrity clients), with the majority being repeat clients. One recurring client makes up 20% of revenue due to owning a significant amount of land on the island. Projects have a broad range, but the average revenue per client is around $4K, with no contract required other than to approve the estimate.
The business has $700K worth of equipment and is experiencing consistent revenue growth. They have three staff members and also subcontract work to smaller tree companies. The owner would love to stay on under a buyer, either as a minority equity owner or an employee.
2024 numbers are on track to eclipse 2023 and margins are only slightly lower due to some new equipment the owner has purchased (as well as some renovations he has been doing to the property that houses the business).
| 2020 | 2021 | 2022 | 2023 | Q1 2024 | |
| Revenue | $1,156,179 | $1,910,918 | $2,492,433 | $2,589,429 | $835,331 |
| SDE | $256,523 | $565,202 | $786,715 | $822,017 | $223,062 |