The Fish Express, Kauai's #1 Fish Market

Lihue, HI (Kauai County)

Exterior
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Asking Price: $500,000

Cash Flow: N/A

Gross Revenue: $1,600,000

EBITDA: $140,000

FF&E: $200,000

Inventory: $80,000

Real Estate: N/A

Established: 1988

The Fish Express, Kauai's #1 Fish Market

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Business Description

For Kauai locals and visitors alike, the name says it all; The Fish Express. For decades, Kauai's #1 fish market. Rated 4.5 on both YELP! and Trip-Advisor. Located on Kuhio Highway in Lihue, with thousands of motorists driving by each day. With his broker standing by daily at the Honolulu Fish Auction, you can be assured it's the freshest seafood on Kauai. Worried about help and training? Long-time, experienced team willing to stay on,train, and assist the new owner. The seller is the building owner and is willing to provide a long, fixed rent lease to support the buyer and assist the bank with long-term financing.

Please note that the same business is for sale for $200,000. However, this price excludes the $80,000-$`100,000 inventory, use of the "Fish Express" very, very highly rated trade-name and a $200,000 payment to key-employees to encourage them to stay on with the Buyer.

Attached Documents


Detailed Information

Location:
Lihue, HI
Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
3,790
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
A dedicated building to support this market with newly installed a/c compressor and modern chillers/freezers. Ground floor retail and upstairs offices and storage.
Competition:
Easily the best known fish market on Kauai and probably the most visible location on the island with thousands of motorists driving by each day.
Growth & Expansion:
The seller chose 10 years ago to close on Sundays despite the fact that tourist come to the store every Sunday looking to buy fish. The demand is certainly there if a buyer wants to go back to 7-day-a-week retail sales.
Support & Training:
While the seller will remain on-island, two key employees will remain with the business to provide both training and long-time support for the buyer.
Reason for Selling:
Retirement
Business Website:
http://restaurantwebexpert.com/TheFishExpress/
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(from currently available funds)
 
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Jim Mayfield

Business Listed By:
Jim Mayfield

Island Business & Commercial Brokerage

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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.

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