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Yama's Fish Market- For Sale

Honolulu, HI
Asking Price:$550,000
Rent:$100,936/Year
Established Year:1980
Gross Revenue:$1,430,000
FF&E:$190,000
Listing ID: 2245333Listing provided by BizBuySell
BUSINESS DESCRIPTION

"Where Every Day is Aloha Friday"

LEASEHOLD- STAND ALONE BUILDING AND ALL FFE'S - FOR SALE- Yama’s Fish Market, operates a quick-service/take-out restaurant located at 2332 Young Street, Honolulu, Hawaii 96826. Customers place orders and receive their food at a counter. There is no table service. There is a small parking lot which can accommodate approximately six cars. The Company specializes in Hawaiian food and other local foods.

The Company hours of operation are 9:00 am to 5:00 pm Wednesday through Sunday. They are closed on Monday & Tuesday. The Company provides catering service for special events with an expanded menu. The Company offers delivery for catered and local lunch orders . The company owns the leasehold interest in the Young Street property which means it owns the building but not the land. The current ground lease expires in February 2044 with rent reopening's every five years. The next rent re-opening is for the period of February 2034 to February 2039. At this time, the landowner is not interested in selling the land. The Company opened for business in 1980 and has been operating in its current location from 2001.

Fixed assets include the building & leasehold improvements, furniture, fixtures, and equipment . Inventory and company vans ,NOT included in the sale. Building & leasehold improvements’ current market value based on estimated value of the leasehold interest. The Young Street property ground lease allows subleases, there is approx.20 years left on the lease.

DETAILED INFORMATION
Location
Honolulu, HI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,120
Lease Expiration
14/02/2029
Employees
20
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Fixed assets include the building & leasehold improvements, furniture, fixtures, and equipment . Inventory NOT included in sale. The Young Street property ground lease allows subleases, there are 20 years left on the lease.
Competition
The Company has a website (https://yamasfishmarket.com/) which provides the daily and catering menu. The company has established a strong online following as evidenced by the numerous positive reviews: * 4.5-star rating on Google review (328 reviews) * 4.5-star rating on TripAdvisor (45 reviews) * 4-star rating on Yelp (648 reviews) Management believes the Company’s longevity is tied directly to its commitment to serving delicious Hawaiian food every day and to excellent customer service.
Growth & Expansion
Opening more frequently will allow higher generating revenue. Great Location, Established Business and continued Local Support. University of Hawaii is close by along with many other large establishments and businesses that continually order for parties, graduations, etc. In 2023 owners closed approximately 126 days ( 4 months). They are closed on Mondays and Tuesdays and hours of operation 9-5pm. New owners may open longer and open more days for potential added revenue stream.
Support & Training
Employees are treated like family and for many employees this is their first job. Employees learn job related skills such as food preparation and life skills like responsibility and time management. There are opportunities for upward advancement if employees demonstrate the right attitude and are willing to learn.
Reason for Selling
Owners have enjoyed serving Hawaii for over 4 decades. Ready to Retire.
BUSINESS LOCATION
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BARBIE HEE
Phone Number
BARBIE HEE
Call Phone