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Hawaii Business Sales

Restaurant And Catering In Maui For Sale

Maui, Hawaii
Asking Price:
$750,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,382,000 (USD)
Cash Flow:
$221,481 (USD)

This long tenured (17+ years), profitable, well known and highly regarded restaurant and catering operation, located in one of Maui, Hawaii’s most productive areas, is for sale.

The business consists of a single restaurant location, with both inside and outside dining, and an associated catering and events planning operation. Annual sales were almost $1.4 million, and owner’s profit was over $221,000 in 2018, enough to live the good life in Maui. It is being sold on a totally turnkey basis, with 3+ years left on a favorable lease.

The investment highlights of this business include:
• Strong, well-recognized and preferred consumer brand for over 16 years in the Maui, Hawaii market.
• Many repeat customers, both residents and tourists who visit several times during their Hawaii visit.
• Major player in the upscale fast food segment, one of the fastest growing segments of the food service industry.
• Maui, Hawaii is a top destination spot for tourists from all over the world.
• Located in Maui’s most popular and visited tourist areas and close to major hotels and resorts.
• They have excellent connections with many Hawaii wedding and event planners who use them to cater weddings and events in hotels, resorts, private estates and on the beach.
• They leverage their restaurant capital investment, county licensed commercial kitchen and restaurant employees by increasing sales with their catering, wedding and other event management business.
• Excellent growth potential

Offered fully turnkey and the owner will provide significant training to a new owner to ensure a smooth transition.

Property information

Real Estate:

Lease

Lease Terms:

Leased until 10/21/2022

Leasehold Rent:

$114,023 (USD) per annum

Location:

Located in Maui's hottest tourist location

Premises Details:

Full kitchen and beautifully decorated restaurant with indoor and outdoor dining.

Sq. Ft.: 2,234; Capacity 92 (inside and outside)

Size in square feet:
2,234
Planning Consent:

None needed

Business Operation

Expansion Potential:

• Broaden the market by offering new items like grain bowls, acai bowls, vegetarian/vegan items, w/gluten free options.
• Extend operating hours by staying open until 9:30 pm (currently close at 8 pm)
• Obtain a liquor license from Maui County which should be easy since there are other establishments in the Fairway Shops that have a license.
• Hire Sales / Planner / Coordinator to capitalize and increase costumers generated from website and other online sales leads.
• Aggressively go after cruise boat daily catering!

Reasons for selling:

Owner health issue

Trading hours:

Seven days per week

Employees:
12
Years established:
17

Other Information

Support & training:

2 weeks

Financing available:

Asking Price: $750,000
Seller Financing: $100,000, 24 months, 6%
Cash Down: $650,000

Furniture / Fixtures value:
$780,000 (USD) - included in the asking price
Inventory / Stock value:
$15,000 (USD) - included in the asking price

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