Business for Sale Overview:
If you are looking for a business opportunity that makes great economic sense you have found it! This well known restaurant is located in a very high foot and road traffic spot in a commercial and tourist hub in Maui. The owners of the restaurant also own the building the restaurant is located in. They are offering to either: sell the restaurant only for $500,000 and enter into a 5 year renewable lease with the buyer; or sell the restaurant and the building together for $2.2 million. The building contains both the restaurant and an apartment. In 2008 total cash flow to business and building owners was over $246,000 (it was $313,000 in 2007).
Other wonderful things about this business:
Turnkey operation that runs efficiently without the owner’s assistance. 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.
Full liquor license.
Low staff turn-over.
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.
Despite the current economic climate where businesses are either closing their doors or seeing their numbers decline by 20 to 30 %, this restaurant’s 2008 sales only declined by 10 % from 2007’s $991,000.
Year to date June 30, 2009, owners profits are up 21% over the same period in 2008 due to better cost controls and more efficient management and annualized 2009 business profits are on track to $170,000. 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 regarding this listing please contact us by completing the "Contact the Seller" form below. 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.