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.