Owner Financing is Available!
Business Overview:
This is an ideal opportunity for a snowbird family, one that is sick of the cold of the Eastern seaboard or the Midwest and wants to relocate and take over an existing family type operation and make a great living in Hawaii. Adjusted net income of $150,000 would be for active owner operator and partner (read: husband/wife type operation). Seller invested a significant sum of money in the kitchen, has 2 pizza ovens, fryer, 8 burner stove, etc...everything you could ask for in a full scale kitchen. Location is right on the path of the Ironman World Championships, so when that event is happening they have some $4-$6k nights. Yes, nights. It's a seasonal business though, summer time is dead, sales in the low $40k, peak season sales run in $70k range. Currently lacking a true promoter for the upstairs space, which is the real upside to this acquisition. Someone with a marketing background can capitalize on this aspect since there is a full liquor license with entertainment, Seller is in good standing with the Liquor Board. Equipment alone is worth $250,000, and the Seller invested $100,000 of his money into the leasehold and other improvements to make this a truly turnkey opportunity. NDA is required for exact business identity and to schedule a conference call with the Seller to discuss in greater detail. Financials available to qualified buyers only.
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.
Property Features and Assets:
Facilities: Downstairs restaurant and pizza location, upstairs is more of a music and jazz hangout vibe. Seating is 68 downstairs and 45 upstairs.
Support/Training: 2 weeks, 40 hours per week.
Market Competition and Expansion:
Competition: Not that many Italian / Pizza options on the mainland, so competition is not too bad. Needs the watchful eye of an active owner operator to realize full potential.
Expansion: Focus on getting more traffic in for evening activities involving higher margin alcohol sales would increase the bottom line.
Reason for Selling:
Seller fell off a roof, cannot manage restaura
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: