Business Overview:
One of Maui’s finest intimate hotels is available for your purchase. This beautiful romantic hotel, located in one of the most productive tourist locations on Maui, is well known and very well regarded. Prior to the recession, owner’s income was over $200,000 per year and even in 2009, a poor tourist year, owner’s income was almost a $100,000. The US economy is in recovery (the Great Recession of 2008/2009 is over) and the tourist economy on Maui is showing great signs of improvement, for example, the number of tourists visiting Maui in February, 2010 was up over 7% versus February last year. With this recovery the Inn is expected to see significant improvements in sales and profits and through the first quarter of 2010 owner’s profits are running at a $135,000+ annualized rate.
This hotel is easy and fun to operate and will provide an excellent living while you enjoy Maui’s paradise. The top reasons to buy this business are:
1. Location, location, location
2. Long history of success
3. Great public recognition
4. Opportunity to live and own a business in Maui
5. Great income potential
6. Favorable lease terms for this leasehold property
7. 2010 is starting strong with February’s occupancy rate of 90%; up from February, 2009’s 87.8%.
8. The Great Recession is over.
This is a leasehold property with the current lease expiring in 2015; the landlord has stated he will be happy to provide a longer term lease to a qualified buyer.
In addition, no Maui County Bed & Breakfast license is required. Unlike a B&B, which requires the owner to live full time at the B&B, this is a hotel and can be owned and operated on a non-resident basis.
Why not spend your days living in Maui sunshine, enjoying the beautiful sunsets, becoming part of a vibrant and exciting community and operating one of Maui best boutique hotels?
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.
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.
- This is not a distressed business or bankruptcy situation.