There are many important things in life, that also hold true in business. One of them is recognizing an opportunity when it presents itself. Today, in upcountry Maui, an opportunity just did.
In Lower Kula, there is a long term, established auto repair shop on just under an acre of fee simple, sub-dividable land. Also included on the property, are two residential homes, currently being rented long term. There are other income producing mini businesses such as a leased cell phone tower and antenna pole, small stand-alone 2nd office building that has been rented for a radio station, and an RV Pad with consistent rental history.
Located on the slopes of Haleakala, the property’s Lower Kula location affords it an idyllic year-round climate with gentle breezes, and 360-degree bicoastal ocean and Haleakala mountain views, affording both sunrise and sunset views. The current owner has lived and worked on the property for over 20 years. As such, all the books and records a prospective buyer would need to complete their due diligence are available, including tax returns, P&L’s, bank statements, and corporate records.
The property and businesses, also have considerable growth potential as well, over and above the current rent rolls and the income generated by the auto repair shop. For example, the land is sub-dividable; the property currently has a one inch water meter, and is on the short list for a larger water meter, significantly broadening the developmental possibilities. Directly across the street, there is a locals and tourists’ favorite French restaurant, La Provence, and Kula Hardware & Nursery which also has a gas station. There is a new luxury development one third of a mile away, Kula I’O, and the county has committed to the infrastructure in the area. The auto repair shop could easily be expanded to include used car sales and service; there are no used car sales dealerships within 20 miles, and this location has been in business as an Auto Shop for the last 75 years consecutively.
It is considered by Federal and State governments as an Essential Business and the recent uptake in the client base supports its needed role in this community. The shop recently updated and outfitted the public spaces with splash shields and lift bay separation. Being in a rural, peaceful, country environment support both the science and the peace of mind of lowered virus risk, for the owner, employees, and the clientele.
Successful, established, business opportunities, available for sale in prime locations on Maui, don’t come up that often. If you’ve ever been interested in purchasing an established business, with further growth potential, this may be the one to consider.