Maui Upscale Bar / Restaurant, Prime Location with Liquor License

Maui County, HI

Beautiful Hawaii

Asking Price:$540,000

Cash Flow:$166,117

Gross Revenue:$565,071

EBITDA:N/A

FF&E:$291,000

Inventory:$20,000*

Lease Rate/Sq. Ft.:N/A

Established:N/A

*not included in asking price.

Maui Upscale Bar / Restaurant, Prime Location with Liquor License

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Business Description

This modern full service restaurant in a premier resort location, is the only one of its kind, and serves tapas as well as a full dinner menu. It also has a liquor license and sells wine, martinis, and beer. It has a reputation for professional service staff that embody the "Aloha Spirit" to create a friendly and comfortable environment for their guests. It is for sale due to the relocation of the owner start a new venture
Key reasons to buy:

• Seller’s Discretionary Earnings (“SDE”) in 2015 was 152,880 and on an increasing trend
• Consistently strong revenues and profits
• Totally turnkey with all assets including equipment.
• Hawaii is a top destination spot for tourists from all over the world.
• Sales growth has been in the 12-20% range year over year
• Excellent growth potential as the hours of operations could be extended - current hours are from 3-10pm, and liquor license allows 8am-1am. Also recently this year planners are referring corporate functions which have bought out the entire facility for special functions.
• They have excellent customer ratings in Yelp, Trip Advisor and Google at or above 4.5 stars out of 5
• Seller will help the buyer transition the business.

For more info, contact us and we will send you a Non-Disclosure Agreement. When we get it back, we will send you a detailed Confidential Business Profile with detailed business and financial information.

Is now the time to own your own fun and profitable business in Hawaii?

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,702
Lease Expiration:
5/31/2018
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Leased facilities located in one of Maui high end communities. Beautiful, expensive and complete build-out. Monthly lease rent of $7,962. Excellent relationship with the landlord who should want to extend the current lease.
Competition:
Very limited direct competition for the type of high end bar and restaurant.
Growth & Expansion:
Sales and profit growth has been very robust. The last two years have seen 19% to 20% sales growth each year and should continue as more locals and visitors learn about this fantastic facility.
Support & Training:
2 weeks at 30 hours per week
Reason for Selling:
Owner has moved to the other side of the island to pursue unrelated business

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Paul Felix

Business Listed By:
Paul Felix

Hawaii Business Sales

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Sponsoring Broker:
Tom Caltrider

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