Type 1 Liquor Entertainment Hawaii Bar Italian Restaurant For Sale

Business description

This is an ideal opportunity for a snowbird family, one that is sick of the cold of the Eastern seaboard or the Midwest and wants to relocate and take over an existing family type operation and make a great living in Hawaii. Adjusted net income of $150,000 would be for active owner operator and partner (read: husband/wife type operation). Seller invested a significant sum of money in the kitchen, has 2 pizza ovens, fryer, 8 burner stove, etc...everything you could ask for in a full scale kitchen. Location is right on the path of the Ironman World Championships, so when that event is happening they have some $4-$6k nights. Yes, nights. It's a seasonal business though, summer time is dead, sales in the low $40k, peak season sales run in $70k range. Currently lacking a true promoter for the upstairs space, which is the real upside to this acquisition. Someone with a marketing background can capitalize on this aspect since there is a full liquor license with entertainment, Seller is in good standing with the Liquor Board. Equipment alone is worth $250,000, and the Seller invested $100,000 of his money into the leasehold and other improvements to make this a truly turnkey opportunity. NDA is required for exact business identity and to schedule a conference call with the Seller to discuss in greater detail. Financials available to qualified buyers only.

Facilities: Downstairs restaurant and pizza location, upstairs is more of a music and jazz hangout vibe. Seating is 68 downstairs and 45 upstairs.

Competition: Not that many Italian / Pizza options on the mainland, so competition is not too bad. Needs the watchful eye of an active owner operator to realize full potential.

Expansion: Focus on getting more traffic in for evening activities involving higher margin alcohol sales would increase the bottom line.

Financing: $99,000 financed at $3,000 per month for 33 months.

Property information

Real Estate:

Lease