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Monkey Palm Mercantile

Kapaa, HI
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Sale Pending
Asking Price:$325,000
Gross Revenue:$467,000
FF&E:$60,000
Cash Flow:$81,000
Inventory:$160,000
Established Year:2021
Listing ID: 2252565Listing provided by BizBuySell
BUSINESS DESCRIPTION

Upscale, artisanal boutique in the heart of Kapa'a on Kauai. Specializing in home decor, clothing, jewelry, vintage goods, and other eclectic offerings this profitable opportunity is in a prime location with excellent, street frontage visibility. It's a popular shopping destination for locals and tourists alike. There is a gorgeous website and online sales platform. They have a loyal team of employees and a fabulous manager in place who operates the store. Great growth potential if the new owner were to market the business and inventory as well as open a secondary location.

Included in the sale are:
$160,000 of merchandise inventory
$60,000 furnishings, displays, and equipment
Website/online business included
All social media platforms
Loyal customers, strong local client base, customer email list
Popular draw for upscale hotel guests
Historic Kapa'a town location

DETAILED INFORMATION
Location
Kapaa, HI
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,000
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
700 sq. Ft. retail location with highway frontage visibility. Tourist hot spot with heavy foot traffic in one of the best locations on Kauai. The only storefront on the street with doors in both the front and rear of the building which provides ample parking as well as patrons passing by from the popular restaurant above. There are two 150 sq. Ft. Storage facilities included in the lease rent as well.
Competition
While this is a well known shopping district on Kauai and an area that attracts many tourist shoppers, the product offerings at Monkey Palm are unique to any store in the area.
Growth & Expansion
The owners have done very little marketing. They have an excellent online sales platform which if marketed could bring in additional income. There are also other locations on the island that would be prime for a secondary location.
Support & Training
Training is available and negotiable. Currently the store is operated by the talented manager. The owner would be willing to stay on as a buyer or consultant.
Reason for Selling
Relocation to the mainland.
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Jim
Mayfield
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Jim Mayfield
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