Owner Financing is Available
Business Overview:
This is the best Maui restaurant available. This is a very profitable and growing restaurant located in one of Maui’s best locations. Business is booming; sales thru April, 2011 are up 18.9% vs last year at that time and total 2010 sales were $1,014,950, up 15.1% versus 2009 and Seller’s Discretionary Earnings (SDE) were $217,495, up 21.4% versus 2009. The trend is for SDE to exceed $300,000+ in 2011. This well known restaurant is located in a very high traffic spot in a major tourist area in Maui. The owners of the restaurant also own the building the restaurant is in. They are offering to either: 1) sell the restaurant only for $425,000 and enter into a 5 year renewable lease with the buyer; or 2) sell the restaurant and the building together for $1,925,000. Therefore, instead of paying rent to a landlord, you can pay it to yourself and build equity. The building contains both the restaurant and a one bedroom apartment which is currently rented but could be used by the new owner to live in. Total owner’s cash flow for the Business and the real estate in 2010 was over $328,000, and in 2011 should be over $400,000 which makes the purchase of both an easily bank financed transaction.
Other wonderful things about this business:
• Turn-key operation that runs efficiently without the owner’s assistance. Computerized POS system. All systems, training and manuals are in place for the buyer to have the option of being an absentee-owner. Current owners take lots of vacation.
• Great location and fully compliant with local codes.
• Clean books and records.
• Full liquor license.
• Low staff turn-over; good management.
• Solid customer base. Repeat visits by both residents and tourists are the main core of the business.
• Great reputation and recognition resulting in referrals by hotels and residents and awards.
• Owner’s profits will provide a great living for new owners in Maui paradise.
• Build equity by paying yourself rent for the building.
• The total cash flow of the Business and the real estate should make getting SBA bank ancing a snap and make the entire deal very profitable.
Now is the time for you to own a very profitable business on the island paradise of Maui and the real estate it occupies. For more information, contact Tom Caltrider at 808-573-4752.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Return to place where family lives
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.