Business Monday: Sale price drops 50% for 2 Kona restaurants along Aliʻi Drive

About a year ago, the leases and contents of two well-known Big Island restaurants – the Kona Inn Restaurant and Kona Canoe Club – were listed for $3 million, but last week the price dramatically dropped.

The two turn-key establishments, nestled in the Kona Village Shopping Center along the bustling Ali‘i Drive in downtown Kona, now are being sold together for $1.5 million. Or, they can be purchased separately, with Kona Inn Restaurant listed on BizQuest at $1.1 million and the Kona Canoe Club at $400,000.

Bob Mardian, majority stakeholder in the two restaurants, said the two restaurants have been a staple for the community for decades and are in stellar locations with sunset views…

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