270 Waiehu Beach Rd - Wailuku
Days on Market:
170 (Sep 17, 2020)
Established Wailuku restaurant and bar founded in 1991 with strong local following available in turn key condition. Owner operator consistently made mid to upper six figure net income excluding any cash transactions. This establishment is unique for the Wailuku/Waiehu area in that it has a robust kitchen capable of serving three meals a day with capacity for catering, a full bar and ample parking. The lounge area has an open layout with flat screen TVs throughout, perfect for sports and karaoke. The owner recently spent approximately $26,000 to install two new grease traps per new county of Maui regulations. He has also recently installed a new central AC unit and replaced the coils on the other AC unit. All the furnishings are in good condition and the kitchen equipment is in good working order. The sale price includes all furnishings, equipment and all inventory on hand. Owner is current with all vendors and suppliers. He signed a new 7 year lease in May with a 3 year option. Great opportunity to invest in a proven business to provide for generations to come.
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This property is listed by Kokua Realty LLC.
Mark A Harbison R(B) may represent you as Buyer's Representative.
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