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Gapm Restaurant
Location: United States -> Hawaii
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Well established restaurant with a great location on paradise Island, Hawaii. It features great menu with a high standards cuisine, a newly added pizzeria and an eclectic wine list. It seats over 330 persons, and holds a full liquor license and the only Cabaret License issued in the area. It is open Daily, seven days a week (dinner only). Annual Sales are in the range of 2,000,000 to $2,500,000 (Gross Sales consist of: 50 to 60% from a well known hotel, 20% from the local community, and 20 to 30% from other Islands) and the annual adjusted Seller Discretionary earning is in the range of $300,000 to $350,000. The restaurant sits next door to a brand name national restaurant, that has plenty of attributes including open lunch and happy hours with sales in the range of $500,000 to $600,000 per month. The subject restaurant is not open for lunch and does not offer happy hour. If it did, the Gross will increase by $1,000,000 approx. Prior to opening the Restaurant, the Owner was authorized by the Landlord to obtain various city permits which enabled him to make major improvements to the property, and by doing so, he increased the size of the premises under lease increased to 7,500 square feet approximately. The cost associated with the improvements totaled more than $1,000,000. All equipment, furniture and fixtures are in good working condition, and are 100% owned by the Owner of the Restaurant. There are no equipment leases.

The location is superb! There may be no more peaceful beach on all of Kauai than the beach where the restaurant is located.

Call 619-867-3758


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $2,500,000
Cash Flow:   $350,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  TBD
Seller Financing:  No

About The Business

Year Established:  2003
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Retirement




Print Listing Id: 700343917
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Hawaii Businesses For Sale > Hawaii Franchises For Sale > Hawaii Business Brokers



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