Upscale Restaurant, Prime Location with Full Liquor License
This Company is in the heart of an upscale and very popular World Class Resort on Maui, Hawaii. It is a modern and classy full-service bar with casual lanai seating and a hip lounge area to relax. Customers are invited to bring their appetite and try a few of their tapas selections from cheese and charcuterie, spinach artichoke dip, to grilled Panini’s. It also has a full dinner menu with items like 12oz Ribeye, Atlantic Salmon, and Lamb Chops and Cornish Hens. Happy hour is daily 3 to 5 pm with many food, wine, martini and beer specials. Their wine list is very impressive.
Customers also have the chance to try their hand at a game of chess, doodle on their unique chalkboard counter, or paint while they sip wine and have a great time. There is also a 130” TV Screen for watching the big game and customers can have fun playing foosball.
The owners put a lot of creativity and money into this beautiful build-out. Their sales growth has been fantastic and there should be much more room to grow.
The owners recently moved to the other side of Maui to start an unrelated business and don’t have the time to devote to this business and the 3 to 4 hour drive to and from their home. The business is being offered a fully turnkey basis, with a great lease arrangement and an excellent staff.
Listing ID: HI Bar/Rest P
Location: Maui, Hawaii
Industry: Food & Beverage
Space: 1,552 Sq. Ft
Reason for sale: Have moved to the other side of Maui
COMPANY OFFERING SUMMARY
Asking Price: $429,000
F,F&E: over $291,000 (build-out and equipment)
Non-Compete: 3 years
Training: 2 weeks.
2016 Annual Revenues: $544,486
2016 Owner’s Cash Flow: $168,891
BUSINESS HIGHLIGHTS & OPPORTUNITIES
Beautiful Bar/Restaurant with indoor-outdoor seating in prime Maui resort
Located walking distance of high end hotels/resorts/condos
Full liquor license, full food menu, daily happy hour
Many high-end tenant improvements including state of the art temperature controlled glass wine case and custom made bar
All new appliances, furniture and equipment requiring no additional capital investment
24/7 resort security and 4 camera security system on-line for viewing from anywhere at anytime
Manageable space for smaller staff structure. 3-4 staff in house capable of running business
Shared restroom facilities, monitored, cleaned and maintained by resort staff
Great internet site and coverage by TripAdvisor, Yelp, Facebook, etc.; Yelp 4.5 Stars with 116 reviews & TripAdvisor 4.5 stars with 187 reviews
Trademark in place
High Margins: Gross Margin over 68% and Owner’s Profit margin over 31%
Seller’s business profitable every year since startup
Strong sales growth
Growth potential exists if open for longer hours to cover lunch and late night; now open 3 pm to 10 pm
Perfect for an owner operator living on Maui or it could be run from the mainland as a manager is already in place.
Diamond Financial Services has pre-qualified this business for a SBA loan by a qualified applicant/buyer.
For more information please complete, sign and return this Non-Disclosure Agreement.