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This long tenured (17+ years), profitable, well known and highly regarded restaurant and catering operation, located in one of Maui, Hawaii’s most productive areas, is for sale.
The business consists of a single restaurant location, with both inside and outside dining, and an associated catering and events planning operation. Annual sales were almost $1.4 million, and owner’s profit was over $221,000 in 2018, enough to live the good life in Maui. It is being sold on a totally turnkey basis, with 3+ years left on a favorable lease.
The investment highlights of this business include:
• Strong, well-recognized and preferred consumer brand for over 16 years in the Maui, Hawaii market.
• Many repeat customers, both residents and tourists who visit several times during their Hawaii visit.
• Major player in the upscale fast food segment, one of the fastest growing segments of the food service industry.
• Maui, Hawaii is a top destination spot for tourists from all over the world.
• Located in Maui’s most popular and visited tourist areas and close to major hotels and resorts.
• They have excellent connections with many Hawaii wedding and event planners who use them to cater weddings and events in hotels, resorts, private estates and on the beach.
• They leverage their restaurant capital investment, county licensed commercial kitchen and restaurant employees by increasing sales with their catering, wedding and other event management business.
• Excellent growth potential
Offered fully turnkey and the owner will provide significant training to a new owner to ensure a smooth transition.
Leased until 10/21/2022
$114,023 (USD) per annum
Located in Maui's hottest tourist location
Full kitchen and beautifully decorated restaurant with indoor and outdoor dining.
Sq. Ft.: 2,234; Capacity 92 (inside and outside)
• Broaden the market by offering new items like grain bowls, acai bowls, vegetarian/vegan items, w/gluten free options.
• Extend operating hours by staying open until 9:30 pm (currently close at 8 pm)
• Obtain a liquor license from Maui County which should be easy since there are other establishments in the Fairway Shops that have a license.
• Hire Sales / Planner / Coordinator to capitalize and increase costumers generated from website and other online sales leads.
• Aggressively go after cruise boat daily catering!
Owner health issue
Seven days per week
Asking Price: $750,000
Seller Financing: $100,000, 24 months, 6%
Cash Down: $650,000
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