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Maui, HI – Master Chef: Restaurant, Catering & Weddings

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

 

COMPANY

Listing ID: Master Chef

Location: Hawaii

 

FINANCIAL SUMMARY

    2018 QB

Revenue: $1,382,000

SDE: $221,481

 

OFFERING SUMMARY

Asking Price:  $750,000

Seller Financing: $100,000, 24 months, 6%

Cash Down: $650,000

Included Inventory:  $15,000

Tangible Assets:  $780,000

Non-Compete:  2 years

Training:  2 weeks

Sale Reason:  Owner health issues

 

REAL ESTATE/LEASE DETAILS

Status: Leased until 10/21/2022

Rent: $8,295 / month; 2018 total: $114,023

Sq. Ft.: 2,234; Capacity 92 (inside and outside)

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

 

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!

Offered fully turnkey and the owner will provide significant training to a new owner to ensure a smooth transition.