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SOLD
MLS: 630705
 
Asking Price: $120,000 Leasehold
Sold Price: $120,000
Sold Date: 05/05/2021
Type: Business
District: South Hilo
Street: 110 Kalakaua St
Neighborhood: Hilo Town
Style: Business
Land Area: 18,404 SF
Days on Market: 1741
(The Price of the property was lowered by $75,000 on 11/16/2020)
Year Built: 1898
Zoning: CDH
Roads: County,Paved
Land Recorded: Not Recorded
Property Taxes: $9,252
Assessed Value: $880,100
Assessed Ratio: 13.63%
Listing Courtesy: New eRealty
Terms Acceptable: Cash
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BEAR'S COFFEE, IN SAME LOCATION FOR OVER 35 YEARS!

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.


 
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