Maui, HI 85 yr. Old Japanese Restaurant  

Maui, HI Japanese Restauant for Sale

EXECUTIVE SUMMARY

 

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.

 

 

COMPANY

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

 

FINANCIAL SUMMARY

     Fiscal Year: 2020-2021 Source: Financial Statement

Revenue: $705,614

SDE: $152,000

 

OFFERING SUMMARY

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

 

LOCATION DETAILS

Status: Leased

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

 

EMPLOYEES

  • Eight, excl. owner

INVESTMENT HIGHLIGHTS

  • 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

 

EXPANSION OPPORTUNITIES

  • 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

 

TRADING DAYS/HOURS

  • Lunch: Monday to Saturday – 10:30 am to 1:30 pm

  • Dinner: Monday to Sunday – 4:30 am to 8:30 pm

LICENSING REQUIREMENTS

  • Food Health and Safety permit