Owner Financing is Available!
Business Overview:
This long tenured, well known and highly regarded European style restaurant is available for sale because the owner is developing a new restaurant in a different part of Maui. Most of the customers are Maui residents who either live or work in the area and this offers stability of demand and also provides a great opportunity for a buyer to market to the large Maui tourist market. Currently it is open only for dinner 5 nights a week and lunch 5 days a week, therefore, an increase in hours of operation should increase revenue and profits. This business is being offered turnkey with all needed equipment and furniture and the trade name so a buyer will maintain the good will which has been generated on Maui for so many years. Over the past 5 years, annual revenues have averaged $283,100, with a high of $336,100. This is a very convenient location, with very favorable lease terms and has a 750 gallon grease trap which was recently installed to meet new Maui County environmental regulations. They have a full service liquor license which should be easily transferred to a qualified buyer. Growth opportunities include being open for more days/hours; being open for breakfast; advertising for a larger tourist business; increased entertainment to attract more dinner and after dinner business, and installing an bar and pizza oven in the outdoor dining area to encourage more late night dining and entertainment. Why not live and work in Maui’s paradise?
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:
Owner developing a new restaurant on Maui
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.