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Honolulu Restaurant & Bar – Well Established Earner!

Honolulu, HI (Honolulu County)

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Asking Price: $1,795,000

Cash Flow: $922,619

Gross Revenue: $5,204,036

EBITDA: $922,619

FF&E: $50,000

Inventory: $25,000*

Rent: $51,745 /Month

Established: 2007

*not included in asking price.

Honolulu Restaurant & Bar – Well Established Earner!

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Business Description

Established Earner

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.

Detailed Information

Honolulu, HI
Not included in asking price
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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
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.
Growth & Expansion:
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:
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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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