Saffron Restaurant
Location Hawaii,United States
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2007
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training 30 hours on-side and 30 hours via telephone, e-mail and fax communication.
Reason for Sale Divorce and renovation of the Princeville Hotel and golf courses.
Description After $400,000 in new equipment, furnishings and $250,000 in leasehold improvements, this restaurant for sale opened in 2007 and was an immediately success. It is one of the very few free-standing restaurants within Princeville and seats 110 pus 10 at the bar. 12 months later, the Sheraton Princeville Hotel closed for renovations (it reopens in 3 months). Several months later, 9 holes at a time, the Princeville Golf Courses were closed down for improvements (they reopen in 4 months). And then his wife left and asked for a divorce. But his many losses can be your gain. But you will need to move very quickly. If he does not have an accepted offer by 8/20/09, he will sell off his equipment furnishings and take the restaurant off the market. He has $40,000 in offers in hand for only a portion of stainless steel equipment already. This restaurant features a very attractive long-term lease with very favorable lease for a resort location.
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