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
Listing ID: Master Chef
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
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.