Very Profitable West Maui, HI Café, Bar & Entertainment

Pre-qualified for an SBA 7(a) Loan

Excellent Sales Growth

West Maui, Hawaii Restaurant
West Maui, HI Restaurant with Liquor License

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.