Maui, HI 85 yr. Old Japanese Restaurant
This Maui restaurant is a local favorite for over 85 years and the current owners are retiring and are looking for a hard-working buyer or family to continue the legacy. Japanese generational recipes will be passed on to the new owners to keep the local clients coming back for more. It is the only sit-down Japanese restaurant with large capacity in Wailuku & Kahului for its population of over 30,000 locals plus some tourists and provides both lunch and dinner.
To receive a detailed Confidential Business Profile with full business and tax return based financial details, please contact Hawaii Business Sales.
Listing ID: Maui Japanese Rest
Location: Maui, Hawaii
Type of Entity: Corporation
Year Established: 1935 but corporation formed in 1979
Industry or Business Category: Japanese Restaurant
Fiscal Year: 2020-2021 Source: Financial Statement
Asking Price: $250,000
Inventory included in the Price: $10,000
Tangible Assets (F,F&E): $120,000
Non-Compete: 5 years in Maui
Training: 2 weeks; 30 hrs./wk.
Seller’s Note: None
Sale Reason: Retirement
BUSINESS IS: Not Relocatable
Monthly Rent: $2,203 base rent plus CAM; estimated CAM of $569 plus GET (@4%) $111, total: $2,884/month, $34,608/yr.
Sq. Ft.: est. 2,000
Lease Expiration Date: 11/30/2023
Renewal options: 5-year option
Eight, excl. owner
STRONG BRAND NAME recognition and prestige by existing for 86 years
Only sit-sit down for lunch and dinner Japanese restaurant in Wailuku, Kahului for 30,000 population
99% local traffic and not dependent on tourists
Recipes passed down for generations
Currently no liquor license.New owner could apply for a Maui County liquor license as a way to increase revenues.(Restaurant had a liquor license years ago)
New owner can add catering, advertise, and open longer
New owner could also refresh the interior to make it more appealing to customers
Lunch: Monday to Saturday – 10:30 am to 1:30 pm
Dinner: Monday to Sunday – 4:30 am to 8:30 pm
Food Health and Safety permit