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Maui Gourmet, Profitable Restaurant; Real Estate

If you are looking for a business opportunity that makes great economic sense you have found it! This well known restaurant is located in a very high foot and road traffic spot in a commercial and tourist hub in Maui. The owners of the restaurant also own the building the restaurant is located in. They are offering to either: 1) sell the restaurant only for $500,000 and enter into a 5 year renewable lease with the buyer; or 2) sell the restaurant and the building together for $2.2 million. The building contains both the restaurant and an apartment. In 2008 total cash flow to business and building owners was over $246,000 (it was $313,000 in 2007).

Other wonderful things about this business:

• Turn-key operation that runs efficiently without the owner’s assistance. All systems, training and manuals are in place for the buyer to have the option of being an absentee-owner. Current owners take lots of vacation.
• Full liquor license.
• Low staff turn-over.
• Solid customer base. Repeat visits by both residents and tourists are the main core of the business.
• Great reputation and recognition resulting in referrals by hotels and residents and awards.
• Despite the current economic climate where businesses are either closing their doors or seeing their numbers decline by 20 to 30 %, this restaurant’s 2008 sales only declined by 10 % from 2007’s $991,000.
• Year to date June 30, 2009, owners profits are up 21% over the same period in 2008 due to better cost controls and more efficient management and annualized 2009 business profits are on track to $170,000.
Now is the time for you to own a very profitable business on the island paradise of Maui and the real estate it occupies. For more information, contact us.