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Restaurant and Bar with Live Music
| Asking Price: | $750,000 | Inventory: | $8,000 ++ |
| Gross Revenue: | $2,000,000 (comments below) | Real Estate: | n/a ** |
| Cash Flow: | Not Disclosed (comments below) | FF&E: | n/a ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: proj | |||
| Cash Flow Comments: Not Disclosed | |||
Open air restaurant with fresh, tasty food at affordable prices while enjoying the sea breezes coming off the Kona Bay. It becomes a happening nite club scene in the evening, and is popular with locals and tourists. It is located on the "happening" end of Alii drive .
Employees: 22
Employees: 22
About the Business
Year Established:1998
Facilities:Restaurant/Bar on Alii Drive facing Kailua-Kona Bay. Newly renovated. Great food and great drinks. Live music on weekends and Karaoke on weeknites. Really hot location with lots of parking. New 10 year lease with 2 five-year options - 8% of gross. or minimum sliding scale. There is seating for 125. Square footage inside is 1,600 sq. ft., and lanai has approx. 1,400 sq. ft. Hours of operation are 7:00 A.M. to 11:00 P.M.
Market Outlook and Competition:The restaurant is popular with locals and tourists, has great food. It becomes a happening nite spot in the evening. It is in a prime location for music lovers, with great views of the Bay.
Growth/Expansion: The owner has lots of ideas for increasing revenues. Hours can be extended to 1:30 A.M. with good increase in liquor sales.
About the Sale
Reason For Selling:Owner is ready to retire and go fishing.
Seller Financing:N/a
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