Very Profitable West Maui, HI Café, Bar & Entertainment
Pre-qualified for an SBA 7(a) Loan
Excellent Sales Growth
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).
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%.
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
Year 2021 Source: QuickBooks
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
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
Food and other: 81%
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
Seven days per weeks, 6 am to 10 pm
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.