EXECUTIVE SUMMARY

 

The owner’s retirement is your opportunity to buy this fast growing and very profitable restaurant.  Annual sales are over $2.5 million.  Located in West Maui, Hawaii, this restaurant is a favorite place for both residents and visitors to Maui to enjoy great food (breakfast, lunch, and dinner), drinks and live music.  They have 3,360 sq. ft of leased space in a high traffic and popular shopping center with lots of free parking (a big plus in Hawaii). 

 

INVESTMENT HIGHLIGHTS

 

• In business for over 20 years

• Very Profitable and a great track record of sales growth

• Clean books and records.Tax returns prepared by their CPA.

• Well-known and preferred Brand Name in their market

• Very popular with both Maui residents and visitors to the West Side of Maui (Lahaina).

• They are favorably reviewed by the influential “Maui Revealed Guide” book and in TripAdvisor

• The West side of Maui is one of Maui’s top visitor venues and is a fast-growing part of Maui’s population with lots of new condo and hotel construction.

• Excellent financial performance both during and after Covid

• Full transferable Maui County liquor license.

• Diamond Financial has pre-approved the business for a qualified buyer to obtain an SBA 7(a), loan: $294,000 down payment, includes working capital, 10 year loan term, and current variable interest rate of 6.25%.

 

 

COMPANY

Listing ID:  Maui Cafe

Location: West Maui, Hawaii

Type of Entity:  Corporation

Years Established: over 20 years

Industry or Business Category: Casual dining, with alcohol and entertainment

 

FINANCIAL SUMMARY

     Year 2021 Source: QuickBooks

Revenue: $2,676,000

SDE: $596,800

 

OFFERING SUMMARY

Asking Price: $1,300,000

Inventory included in the Price: $25,000

Tangible Assets (F,F&E): $316,000

Non-Compete: 5 years

Training:  2 weeks

Sale Reason: Retirement

 

LOCATION DETAILS

Status: Leased

Monthly Rent: $14,871 plus GET + CAM; $178,452 per year; and $4.43 per sq. ft./month)

Sq. Ft.: 3,360

Lease Expiration Date:1/31/2025

Beautifully decorated, room for over 100 customers and lots of free parking

 

PRODUCT MIX

Food and other: 81%

Alcohol: 19%

 

CUSTOMERS

60% visitors / 40% Maui residents, less dependent on the visitor market than many Maui restaurants

 

EMPLOYEES: 21, excluding owner

 

COMPETITION & Pros and Cons of Business

• Average levels of competition.

• They have developed an excellent brand awareness and preference with both Maui residents and visitors.

• Significant sales growth

• High profit margins

• Excellent relationship with landlord

TRADING DAYS/HOURS

Seven days per weeks, 6 am to 10 pm

 

LICENSING REQUIREMENTS

They have a Maui County liquor license which is transferable to a qualified buyer.

 

This business is being offered for sale on a fully turnkey basis, including the owner providing post-closing training of the buyer and a five year non-compete agreement in Maui.

 

To receive a detailed Confidential Business Profile, with tax return-based financials, please contact Hawaii Business Sales.