Profitable 35-year Retail Gift Shop in Maui
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.
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
Listing ID: Maui Gift
Location: Kihei, Maui, Hawaii
Asking Price: 699,000
Gross Revenue in 2019: $819,368
CASH Flow SDE 2019 $302,318
Inventory: Included in asking price: $175,000
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
Employees: 3 part time (including the owner and spouse)
Training: 2 weeks
This Business has been pre-qualified for an SBA loan by Diamond Financial.
Contact HBS for a detailed Confidential Business Profile on this great business.