EXECUTIVE SUMMARY

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This Business is under contract.

 

This Maui, HI souvenir shop that has been at its current location since 1986. The product mix has not changed over the years and includes T-Shirts, slippers, sandals, hats, hoodies, sunglasses, limited jewelry and other home decor. The store has seen virtually every challenge one might expect over the course of 35 years and is now a fixture in the community and well known to the south shore tourists. The driving reason for selling is they are reaching retirement age and want to move to the mainland.

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BUSINESS HIGHLIGHTS

 

• 35 years in business at same location.

• Survived Covid-19, 9/11 and other recessions.

• Sellers Discretionary Earnings for 2019 Pre-Covid of $302,318

• Low amount of Labor (1 person to run the store) and relaxed environment to work

• Owner gets Air mileage of over 200,000 miles based on ability to purchase inventory via Credit Card

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COMPANY

Listing ID: Maui Gift

Location: Kihei, Maui, Hawaii

 

Asking Price: 699,000

Gross Revenue in 2019: $819,368

CASH Flow SDE 2019 $302,318

 

FF&E $10,000

Inventory: Included in asking price: $175,000

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Non Compete: 5 years

Real Estate: Lease Base Rent $8,699 or 9% of sales (whichever is higher) a mo+ GE Tax and CAM Sq Feet 1,970, Lease Expires 5/31/2024

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Employees: 3 part time (including the owner and spouse)

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Training: 2 weeks

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This Business has been pre-qualified for an SBA loan by Diamond Financial.

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Contact HBS for a detailed Confidential Business Profile on this great business.

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