Long established, profitable upscale fast food Hawaii restaurant
Listing ID: Rest321
Island: Not disclosed
This long tenured, very profitable, well known and highly regarded upscale fast food restaurant in one of Hawaii’s most productive locations is for sale.
The business consists of a single restaurant location and an associated catering operation. Annual sales are over $1.5 million and owner’s cash flow is over $250,000, enough to live the good life in Hawaii. It is being sold on a totally turnkey basis, with 7+ years left on the favorable lease.
The investment highlights of this business include:
Strong, well-recognized and preferred consumer brand for over 10 years in the Hawaii market for both residents and tourists.
Major player in the upscale fast food segment, one of the fastest growing segments of the food service industry.
Hawaii is a top destination spot for tourists from all over the world.
Located in one of Hawaii’s most popular tourist areas and close to the major hotels and resorts.
Many repeat customers, both locals and tourists who visit several times during their Hawaii visit.
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 commissary license and restaurant employees by increasing sales with their catering and event management business.
Excellent growth potential
Offered fully turnkey and the owner will provide significant training to a new owner to ensure a smooth transition.
Reason for Sale: Family health issues
Asking Price: $895,000
Down Payment: $750,000
Annual Revenue $1,500,000
Inventory Value: $15,000
Monthly Lease: $8,285
Lease Term: 2022
Square Feet: 2,234
Non-Compete: 2 years
Training: 2 weeks
Seller Financing: $145,000 over 2 years at 6% APR; est. monthly payments of $6,426.49.