MergerPlace

Maui, HI – Master Chef: Restaurant

Hawaii (Maui)


  • Asking Price: $750,000
  • Gross Income: $1,382,000
  • Cash Flow: $221,481
  • Real Estate: Not Disclosed
  • Inventory: $15,000
  • FF&E: $780,000
  • Listing ID: #214307
  • Established: 2003
  • Employees: 12

Business Description

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.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Hawaii
County: Maui

Company Information

Year Established: 2003
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 12

Financial Information

Asking Price: $750,000
Gross Revenue: $1,382,000
Cash Flow: $221,481
FF&E: $780,000
Inventory: $15,000
Seller Financing Available: Yes

Property Information

Facilities:

Full kitchen with county license and beautifully decorated restaurant with indoor and outdoor dining

Growth & expansion opportunities:

EXPANSION OPPORTUNITIES • 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!

Reason for selling:

Owner health issues

Support & Training:

2 weeks

Contact Business Seller

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Business Listed By:

Tom Caltrider

Hawaii Business Sales