Two Iconic Ocean Front Restaurants on Ali'i Drive Kailua Kona, HI 96740

Property Description

Two Iconic Restaurants on Ali'i Drive

Seize this rare opportunity to own not one, but two thriving and historic restaurants located on the iconic oceanfront strip of Ali'i Drive in Kailua Kona, Hawaii. These landmark establishments—Kona Inn Restaurant and Kona Canoe Club—are being offered together at a combined price of $3,000,000.

Prime Locations

Positioned in one of Hawaii's most sought-after tourist destinations, these restaurants benefit from the vibrant energy of Ali'i Drive. The Kona Inn and Kona Canoe Club are ideally situated, attracting both locals and tourists with stunning ocean views and high foot traffic. Kailua Kona is home to popular events like the Ironman World Championship and the Kona Coffee Cultural Festival, drawing thousands of visitors annually.

Established Brands with History

Kona Inn Restaurant has been a beloved dining destination since 1979, offering over four decades of quality service to the local community and visitors alike.

Kona Canoe Club, founded in 2005, has built a strong reputation for its relaxed atmosphere and welcoming experience over nearly two decades of operation.

Both establishments are well-known for their oceanfront locations, which provide breathtaking sunset views, and their unique menus that cater to both local patrons and visitors seeking a true taste of Hawaii.

Valuable Hard Assets

The Kona Inn Restaurant comes with significant hard assets, including machinery, equipment, FF&E (Furniture, Fixtures & Equipment), and leasehold improvements. The combined value of these assets exceeds the asking price, offering a compelling opportunity for buyers seeking a turn-key operation with substantial built-in value. Rebuilding these restaurants from scratch would require a significant capital investment, far beyond the price at which they are being offered.

Inquire Today

This is a unique opportunity to own two historic, well-established restaurants in one of Hawaii’s most dynamic and lucrative locations. Interested buyers should reach out to receive further details, including lease information, after signing a non-disclosure agreement.

Contact

Edward J. Rapoza, PB
Island Land Company Inc.
Click Here for Contact Information.