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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:
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Strong, well-recognized and preferred consumer brand for over 10 years in the Hawaii market for both residents and tourists.
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Major player in the upscale fast food segment, one of the fastest growing segments of the food service industry.
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Hawaii is a top destination spot for tourists from all over the world.
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Located in one of Hawaii’s most popular tourist areas and close to the major hotels and resorts.
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Many repeat customers, both locals and tourists who visit several times during their Hawaii visit.
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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.
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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.
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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
SDE: $257,000
Inventory Value: $15,000
FF&E: $780,000
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.
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