14-unit hotel & restaurant

Wailuku, HI (Maui County)

Seller Financing Available
14-unit hotel & restaurant

Asking Price:$1,499,000

Cash Flow:$114,524

Gross Revenue:$125,400





14-unit hotel & restaurant

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Business Description

The building is approximately 4,200 sq ft rentable. The rooms are all studios with a shared laundry facility. One room houses the property manager. The approximately 2,200 square feet restaurant has been remodeled and is currently leased out. The restaurant does not currently have a liquor license, however one could be applied for and should be easy to obtain because the previous restaurant was a bar with a full liquor license.

Detailed Information

14-room hotel & a 2,200 sq ft restaurant with a fully equipped kitchen. Zoning allows use as a hotel, short term rentals, a hostel, or long term rentals.
Growth & Expansion:
Add a liquor license for the restaurant. Include breakfast with the rooms. Or convert to either a hostel or a bed and breakfast. Add internet access to the rooms. Market surfing/windsurfing packages.
Some owner financing may be available.
Support & Training:

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Michael Capuano

Business Listed By:
Michael Capuano

Millennium Realty Inc

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