Honolulu Restaurant & Bar – Well Established!

Honolulu, HI
Honolulu County


Asking Price: Annual Revenue:
$1,795,000 $5,204,036

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Honolulu Restaurant & Bar – Well Established! Broker: Ryan Clark

Quick Facts

Asking Price: $1,795,000
Annual Revenue: $5,204,036
Net Profit: Not Disclosed
Cash Flow: $922,619
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: Not Disclosed
BBN Listing #: 12594929
Broker Reference #: HonoRest

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Business Overview:

This Honolulu Hawaii restaurant and bar is an established earner as it has become a go-to favorite for island visitors as well as locals. Due to the spacious venue’s unique high traffic location, it enjoys remarkable street exposure with heavy foot traffic.

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Property Features and Assets:

This 5,400 square foot facility leases for $37,125 per month plus $14,620 in common area maintenance expenses (CAM) on a lease through 2019, with two 5 year options. All of the business’s furniture, fixture, equipment, liquor license and goodwill will be included in the sale. Approximately $25,000 in inventory will be sold at cost at close.

Market Competition and Expansion:

As Honolulu has strong competition due to is tourist and convention goer traffic dining and entertainment options are plentiful. This establishment has carved out a market niche with its concept and atmosphere, which does not espouse a tourist driven ambiance. Rather it serves the quality food that its patrons enjoy in a convivial and casual atmosphere that can accommodate those coming off of the beach, returning from a convention or joining colleagues for happy hour after work. New management will likely wish to maintain the status quo at the venue as the semi-absentee formula works and loyal patrons return time and again whether they are local, annual or less frequent visitors. They could also grow the business in several ways, with catering and delivery being the low hanging fruit. The location could also host public events such as themed evenings or festivities or host private events. Since this has become a known name with tremendous local goodwill, this could also serve as the flagship location for a small local chain with small or large hotel, tourist zone or locally based outlets elsewhere on Oahu or throughout the island chain.

Reason for Selling:

Personal

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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