Seller's Contact Information
- RE: Maui, Hawaii – Popular Restaurant With Liquor Lic
- Contact: Thomas Caltrider
Quick Facts
| Asking Price: | $595,000 | |
| Annual Revenue: | $1,200,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $400,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 187,300 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2004 | |
| Employees: | 20 | |
| BBN Listing #: | 625252757 | |
| Broker Reference #: | HI REST |
Business Overview:
This very profitable restaurant (with a full liquor license) is located in one of Maui’s most popular tourists’ locales, close to the beach, and has great traffic. Their casual menu is enjoyed by visitors and residents alike. Their customer mix is about 75% visitors and 25% residents, so they are less dependent on the tourist market.
They have been in business for almost 20 years and their friendly, easy-going atmosphere appeals to people of all ages and all backgrounds. They have developed a strong visitor and resident customer recognition and preference. Current service includes lunch, happy hour and dinner each day. Their prices are moderate, with entree prices in the $14 to $30 range. In 2021, 23% of sales were alcohol. They could re-add breakfast to the mix.
Through YTD April 30, 2023, their sales are 4% higher than last year at this time and annualized sales are tracking to over $1.2 million, and annualized SDE is on track to exceed $400,000 this year.
The business is being sold on a fully turnkey basis and is being offered because of the pending semi-retirement of the owner.
INVESTMENT HIGHLIGHTS
•Good historical sales growth and a highly profitable business.
•Great location with very high tourist traffic which greatly benefits the Business.
•Gross profit margins averaging around 65 to 70%.
•Busy year round with both visitors and residents.
•Appealing and easy to prepare menu.
•Full Maui County liquor license.
•Clean books and records, with their tax returns prepared by a CPA.
•Long tenured, excellent reputation and preference among both visitors and residents.
•Great 3rd party reviews (e.g., Yelp, TripAdvisor, etc.) from visitors.
•May qualify a foreign buyer to use the purchase of this business to obtain a US Visa.
•Excellent return on Buyer’s capital.
•All Covid receipts are removed from the financial analysis.
•Modest competition.
•Located in a very difficult place to get a lease.
•Landlord willing to over a new minimum 5-year lease to a qualified buyer.
To receive a detailed 60 page Confidential Business Profile, with tax return-based financials, please contact HBS for an NDA.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
Status: Leased Rent: $9,053/month; $108,630year; $5.23per sq. ft. per month Square Feet: 1,732 Lease Expiration Date: 7/31/2025 Facilities: Beautifully decorated with full kitchen Excellent relationship with landlord. Landlord is offering a minimum 5 year new lease to a qualified buyer.
Market Competition and Expansion:
COMPETITION •There is modest competition and they do very well. BUSINESS PROS & CONS •Great, low-cost location; rent about 8% of revenue •Lots of walk by customer traffic •Located in one of the island’s top visitor locales. EXPANSION OPPORTUNITIES •Add breakfast •Increase partnerships with tour companies
Reason for Selling:
Semi-retirement.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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