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110 KALAKAUA ST Hilo, HI 96720
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Key Details
Sold Price $120,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Hilo Town
MLS Listing ID 630705
Sold Date 05/05/21
Year Built 1922
Annual Tax Amount $9,252
Lot Size 0.422 Acres
Property Description
This is a leasehold property. This long tenured business is a staple of the downtown Hilo community. Located within the heart of Hilo’s established tourism center, Bears enjoys a robust breakfast and lunch following that consists of about 40% of local business and 60% in tourist business. There has been regular advertising both locally and internationally that will continue to bring business to Bears, long after the new owner has taken over. Over ¼ million in annual sales with lots of room for continued growth and expansion. Options include extending to dinner hours and catering. The current owner is a chef and this is an ideal small business for a chef owner or family owned business.BEARS has UNIQUE, LONG TERM HISTORY OF SUCCESS IN HILO!! BEST BELGIAN WAFFLES ON THE BIG ISLAND! AMAZING MENU...GREAT COFFEE DRINKS ETC...INCLUDES: Furniture, High Traffic, Lease, Inventory, Goodwill, 1 Restroom, Tradename. New flooring installed, fresh paint and deep cleaning just completed.
Location
State HI
Area South Hilo
Zoning CDH
Exterior
Fence None
Pool No
Building
Sewer Sewer-Connected
Water Municipal
Others
Acceptable Financing Cash
Listing Terms Cash
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