Maui, Hawaii – Popular Restaurant with Liquor License
Pre-qualified for an SBA Loan
This very profitable restaurant (with a full liquor license) is located in one of Maui’s most popular tourists’ locales and has great foot traffic. Their casual menu is enjoyed by visitors and residents alike. Their customer mix is about 75% visitors and 25% residents, so they are less dependent on the tourist market.
They have been in business for almost 20 years and their friendly, easy-going atmosphere appeals to people of all ages and all backgrounds. They have developed a strong visitor and resident customer recognition and preference. Current service includes lunch, happy hour and dinner each day. Their prices are moderate, with entree prices in the $17 to $25 range. In 2021, 23% of sales were alcohol.
During the last full pre-Covid year of 2019, they had sales of $1.48 million, which generated over $385,000 of owner’s profits (“SDE”). In the Covid recovery year of 2021, they had sales of $1.25 million, which generated over $397,000 in SDE. They expect that 2022 will be an excellent year.
The business is being sold on a fully turnkey basis and is being offered because of the pending semi-retirement of the owner.
Good historical sales growth and a highly profitable business
Great location with very high foot traffic which greatly benefits the Business
Gross profit margins around 70%.
Busy year round with both visitors and residents
Appealing and easy to prepare menu
Full Maui County liquor license
Clean books and records, with their tax returns prepared by a CPA.
Long tenured, excellent reputation and preference among both visitors and residents
Great 3rd party reviews (e.g., Yelp, TripAdvisor, etc.) from visitors
May qualify a foreign buyer to use the purchase of this business to obtain a US Visa.
Excellent return on Buyer’s capital.
Pre-qualified for an SBA 7(a) loan, with 15% down payment, 10-year loan term.
Listing ID: HI Rest
Location: Maui, Hawaii
Type of Entity: LLC
Years Established: Almost 20
Industry or Business Category: Casual Dining with liquor license
2021 Source: Tax Return
Revenue: $1.253 million
SDE: over $397,000
Asking Price: $945,000
Inventory included in the Price: $5,000
Tangible Assets (F, F & E): $187,300 gross depreciable assets
Non-Compete: 5 years
Training: 2 weeks
Sale Reason: Semi retirement
Rent: $8,900/month; $106,800/year; $5.14 per sq. ft. per month
Sq. Ft.: 1,732
Lease Expiration Date: 7/31/2025
Facilities: Beautifully decorated with full kitchen
Excellent relationship with landlord
EMPLOYEES: 20 excluding owner
There is competition but they do very well.
BUSINESS PROS & CONS
Great, low-cost location; rent about 8% of revenue
Lots of walk by customer traffic
Located in one of the island’s top visitor locales.
Increase partnerships with tour companies
Seven days per week, lunch through dinner
They have a county liquor license
Health permit and occupancy permit
To receive a detailed 60 page + Confidential Business Profile, with tax return-based financials, please contact HBS for an NDA.