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Maui, HI – Master Chef: Restaurant & Catering

Maui County, HI

Seller Financing Available
Maui, Hi restaurant for sale
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Asking Price: $750,000

Cash Flow: $221,481

Gross Revenue: $1,382,000

EBITDA: N/A

FF&E: $780,000

Inventory: $15,000

Rent: $8,295 /Month

Established: 2003

Maui, HI – Master Chef: Restaurant & Catering

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Business Description

For 17 years one of Maui's top restaurants and caterers

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.

Detailed Information

Location:
Maui County, HI
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,234
Lease Expiration:
10/21/2022
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Fully equipped kitchen and beautifully decorated restaurant with inside and outside dining
Competition:
Located in Maui's hottest tourist area
Growth & Expansion:
• 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!
Financing:
$100,000, 24 months, 6%
Support & Training:
Two Weeks
Reason for Selling:
Owner health issue
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Contact the Seller

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Tom Caltrider

Business Listed By:
Tom Caltrider

Hawaii Business Sales

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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.

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