A Popular Regional Shopping Mall That Is The Largest & Only Enclosed Retail Center On The Big Island Of Hawaii
Hilo, HI
Asking Price: $150,000
Gross Sales: $658,000
Net Operating Income: $63,000
Monthly Rent: $7,610
Lease Expiration: 09/2020
Options: Option to Renew
Year Established: 2009
Owner Operated: No
Seller Financing: Yes
Food Type: Hawaiian, Mexican/Tex-Mex
Service Type: Fast Food
Business Type: Franchise
Sale Type: Business For Sale

Description:

Maui Tacos is “A Vacation You Can Eat”. Serving an amazing menu of signature tacos, Maui-Mex bowls, surf burritos, enchiladas, salads, Mexican traditionals and much more. Plus, breakfast and desserts. And kids meals.

Boasts a never-ending salsa bar filled with exotic and tried & true salsas side-by-side. Along with homemade Aqua Frescas in a variety of flavors, plus a full liquor menu including beer, wine, margaritas & Hawaiian cocktails.

Combines a hip, fast-casual yet fresh dining experience with delicious food, exceptional service and the spirit of Aloha. Dine-in and carryout, plus catering with appetizers, burritos, taco bar, fajita bar and fiesta packs, along with sour cream, guacamole and salsa by the pint. Surf Club - rewards program. Gift cards available.

Turnkey operation - full-time manager in place! Because this is a corporate store there is limited financial information. Franchise agreement and lease are transferrable and the franchise will help with training and transition. All reasonable offers will be considered. Plus, no royalty, advertising or transfer fees for the first 5 years!

Well established location for over 11 years!

Feel free to stop by the location as a customer first. This is a highly confidential listing, please DO NOT talk to any of the employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

Business Website: https://mauitacos.com
County: Hawaii
Location:

Prime retail space in Prince Kuhio Plaza, a popular single-level regional shopping mall. The largest and only enclosed retail center on the big island of Hawaii. Anchored by Macy’s, Sears, TJ Maxx and Petco. A shopper’s paradise with more than 73 designer and brand name stores along with multiple eateries. Plus, a 9-screen stadium seating movie theater and Longs Drugs. Also hosts over 200 community events, promotions and family entertainment programs each year. Near the iconic Hawaii Volcanoes National Park.

Other full-service restaurants include Genki Sushi, IHop, Kuhio Grille, Sunlight Express and Zippy’s. Along with these other quick-service restaurants: Chen’s Chinese Kitchen, Hot Dog On A Stick, KFC, Pizza Ala Slice and Yum Yum Teriyaki. As well as Auntie Anne’s, Cinnabon, Dairy Queen, Jama Juice, Starbucks and Yogurtland. This Maui Tacos is perfectly situated directly across the Prince Kuhio Megaplex Cinemas!

Real Estate: Leased
Facilities:

Leased space $7,610/mth gross. Current lease expires Sep 2020 with the option to renew.

Square Feet: 1,071.

Seating: 38.

Days/Hrs of Operation: Mo-Th 9a-8p, Fr-Sa 10a-9p & Su 10a-7p.

Number of Employees: 3 Full & 8 Part
Support/Training: A comprehensive training program consisting of both classroom and hands-on training in-store. Franchisor is also offering their support and assistance in getting this property transitioned to new ownership. As well as providing ongoing marketing and operational support and constant menu development.
Value of FF&E: Included in Asking Price
Competition:

“Aloha Fresh”. “It’s Mexican with Mauitude.” “Their salsas do a hula on your tongue.” A fresh fusion of the bold tastes of Mexico paired with the exotic tastes of Hawaii. Hawaii’s iconic fast-casual Mexican restaurant created by a world-famous Pacific Rim Chef. Their chef-driven Maui-Mex menu of delicious food and fun Island-Style culture are what distinguishes them against their competitors.

Maui Tacos is the 1# Fast Casual Restaurant in HI - over 26 years in operations. Rated one of the Top Mexican Restaurants in the Country by ZAGAT. Recognized by “Nation’s Restaurant News” as a Hot Concept Winner. Also featured on Food Network shows like Emeril Lagasse’s!

Growth and Expansion:

A time-proven concept. An established brand known worldwide having served guests in Hawaii for well over 2 decades. Internationally acclaimed celebrity chef and restaurateur Mark Ellman opened the first Maui Tacos on the Island of Maui in 1993. Their fast-casual restaurants have risen to celebrity status since their opening.

Hawaii’s most famous Fast Casual Mexican Chain is franchising its 7 locations as it grows world-wide. Maui Tacos is currently expanding in Hawaii and nationwide. Looking to add restaurants on Oahu and the Big Island. Target markets on the mainland include Washington, Oregon, California, Arizona, Colorado, Florida, Georgia, South & North Carolinas, Tennessee and more. Have already opened 4 new stores this year in Kahului, HI, Pearl City, HI, Charleston, SC and Las Vegas, NV with Reno, NV coming soon. And 12 new stores are slated for 2019 which will include a Hilo, HI location.

Mexican fast-casual is one of the fastest-growing food segments in the industry!

Seller Financing Available: Possibly, to a well-qualified buyer with a minimum of 50% down.
Reason For Selling: Well-established corporate location looking for an outstanding franchisee. Franchisor is looking to focus on the franchising of the brand only.